STEVEN L. PAUL (PARTNER, BOSTON)
KATHRYN GALBRAITH DAY (SENIOR COUNSEL, BOSTON)
BENJAMIN I. FUNK (ASSOCIATE, DC)

Steve Paul has more than 35 years of experience providing tax and business advice representing developers, syndicators and investors using federal and state tax credits and other incentives for the development of affordable housing, preservation of historic buildings and financing various other projects in low-income communities. Before joining Klein Hornig, Steve was a partner and long-time chair of the Tax, Benefits & Compensation department at Boston’s Palmer & Dodge LLP and its successor firms (most recently Locke Lord Edwards). spaul@kleinhornig.com

Katie Day focuses her practice on federal and state income taxation, including work with tax-exempt entities. She represents developers, syndicators and investors in federal and state tax credit transactions and also joins us from Locke Lord Edwards. kday@kleinhornig.com

Ben Funk comes to Klein Hornig from Volunteers of America, Inc., one of the nation’s largest nonprofit providers of affordable housing, where he served as Assistant General Counsel. Ben has broad affordable housing experience, including with HUD financing and operational and compliance issues for nonprofit sponsors of affordable housing. bfunk@kleinhornig.com

To view a .PDF of the announcement, please click here.

Klein Hornig is pleased to announce that Washington DC associate, Lauren Buckner was featured in the Emerging Leader Spotlight sponsored by the Housing Association of Nonprofit Developers (“HAND”).

For over 20 years, HAND has educated and trained members to support development of viable housing for individuals of all incomes. HAND is designed to engage and involve its members allowing them to effectively make a positive impact on both their career and surrounding community.

Lauren has been active with HAND since 2014, which has enabled her to network with not only experienced industry leaders, but emerging leaders as well. Lauren is also a member of the “HAND Brain Trust Committee” allowing her to participate in HAND’s new initiative, “Generation HAND”, which further develops emerging leaders in the affordable housing industry. To view the entire article featuring Lauren, please click here.

For more information on HAND, please visit their website at www.handhousing.org.

On Thursday, January 22^nd, Boston associate Andrew Gilmore presented to approximately 60 members of the Boston Bar Association. Andrew’s presentation focused on the legal duties and responsibilities of board members as they serve their community through participation on the board of directors of charitable organizations. The program was relevant for those who have limited experience serving on charitable boards, but would like to serve in the future. Andrew along with five other presenters focused on specific charitable board topics, including how to find board membership opportunities, board review of pertinent financial documentation, and current compliance issue.

The entire program lasted roughly three hours and was moderated by Klein Hornig LLP Senior Counsel, Teresa Santalucia. For more information on this program or future BBA programs please visit their website at www.bostonbar.org.

We would like to send hearty congratulations to Teresa Santalucia who was recently named a Super Lawyer by her almost 9 year old son Mateo. Mateo spent several pro-bono hours sifting through numerous resumes, but in the end Teresa took the prize.

Klein Hornig congratulates The Community Builders, Inc. (“TCB”) on receiving a 2014 Development of Distinction Award presented by The Novogradac Journal of Tax Credits. TCB was recognized in the “LIHTC Development that Best Demonstrates Financial Innovation” category for their work on Charlesview Residences, a 240-unit mixed-income residential project located in Brighton, Massachusetts.

The Novogradac Journal of Tax Credits, awards ten winners for their exceptional achievement in the development of properties using low-income housing tax credits (“LIHTC”) as well as tax credits utilizing HUD financing. The winning properties along with their development teams, were honored at the Novogradac Tax Credit Developers Conference, in January 2015.

Boston Partner, Dan Kolodner was one of three presenters participating in a live webinar on Wednesday, December 10^th entitled “Mixed-Use and Economic Development: Financing Structures and Options.” This webinar gave a brief overview on the various financing tools, sources of money, and legal challenges for mixed-use and real estate development projects in the current economic environment. The presenters focused on construction loans, preferred equity, mezzanine loans, tax credit funds, tax increment financing and EB-5 financing.

The presentation was followed by a live question and answer session with participants to address individual questions directly. Approximately fifty people listened in to the 90 minute presentation sponsored by Strafford. For a full description and to purchase a complete recording, please visit Strafford’s website.

On Tuesday, December 9, 2014, Boston Senior Counsel, Teresa Santalucia presented to approximately 40 people on the roles and responsibilities of nonprofit board governance. The presentation is part of a larger project working to train potential new members of the governing bodies of nonprofit organizations.

The presentation lasted roughly three hours and took place at the Louise Haffner Fournier Education Center in Lawrence, MA. For a copy of the PowerPoint or for more information on this project, please contact Teresa Santalucia.

Klein Hornig Senior Counsel, Teresa Santalucia, led a presentation Wednesday, November 19^th entitled “Where is the Line? Board Duties and Management Responsibilities.” The presentation focused on corporate governance and the different respective duties and responsibilities of a nonprofit board and nonprofit management.

The presentation was held at Boston Private Bank and Trust Company at 10 Post Office Square from 8:30am – 11:30am. For more information on the topics discussed, please contact Teresa Santalucia.

On Thursday, November 6^th, Boston Partner Dan Rosen spoke to members of the Boston Bar Association on HUD’s Choice Neighborhoods Initiative (“CNI”). Dan, along with Gail Epp of EJP Consulting Group, LLC, presented on how CNI is achieving its policy goals, how it compares to HOPE VI and how housing transactions involving Choice Initiatives are typically structured and approved.

For more information on the Choice Neighborhoods Initiative, please contact Dan Rosen.