New York University School of Law , JD, 2011
University of Pennsylvania, BA, 2008, magna cum laude
Sara Silverstein Ferrara focuses her practice on affordable housing and community development with a particular emphasis on federal and state tax credit transactions, including historic, new markets, and low-income housing tax credits. She advises for-profit and nonprofit clients on a variety of development and financing issues, including corporate structuring and investments, purchase and sale agreements, real estate financing, and tax credits. Prior to joining Klein Hornig, Sara worked for King & Spalding, where she gained significant experience advising clients on a wide range of complex state and federal tax matters. She structured and reviewed transactional agreements, researched and drafted memoranda relating to complex tax matters, and counseled nonprofit entities on issues that uniquely affect tax-exempt organizations. Sara also served as a law clerk for the Honorable Marian Blank Horn on the United States Court of Federal Claims.
Sara earned her J.D. from New York University School of Law, where she was the Editor-in-Chief of the NYU Journal of Legislation and Public Policy, a research assistant to Professor Helen Hershkoff, a teaching assistant to the Honorable Albert M. Rosenblatt, and a student advocate in the Family Defense Clinic.
- District of Columbia
- Represents developers in new construction and rehabilitation of affordable housing, utilizing the full scope of public and private funding including tax-exempt and taxable bonds, commercial loans, HUD-insured loans, HOME funds, state and Federal tax credits, Federal and state rental assistance, low-interest loans, grants and energy efficiency subsidies
- Represents syndicated funds and direct investors in acquisitions, asset management and dispositions of Low-Income Housing Tax Credit properties nationwide, including senior, multifamily, mixed-used, mixed-income, special populations, "over-55," single room occupancy, single family homes, and mixed-finance public housing projects nationwide
- Currently representing a joint venture in the purchase and redevelopment of 16 scattered site properties, containing 202 units of affordable housing
- Currently representing an investor in the redevelopment of a multifamily apartment complex containing 138 units of affordable housing
- Represented local nonprofit developer in transaction involving Low-Income Housing Tax Credits, Historic Tax Credits, and multiple loan sources to redevelop a multi-family apartment complex
- Represented national nonprofit developer in transaction involving Low-Income Housing Tax Credits, a HUD-insured loan, and CDBG funds in order to redevelop two senior projects
- Represented a national investor in the new construction of a 112-unit apartment complex, including 89 affordable units, in a senior living community
- "Low-Income-Housing-Tax-Credit-Outline," 2017
- "Beyond Frustration: Section 162(f) and the Deductibility of Fines, Penalties, and Settlement Payments," (co-author), Florida Tax Review 2015.
- District of Columbia Bar Association, Member (2012-present)
- Missouri Bar Association, Member (2011-present)
- American Bar Association, Member (2011-present)
- Editor-in-Chief, NYU Journal of Legislation and Public Policy (2010-2011)