LIHTC Investments

La Hacienda, Harlingen TX

Hudson Housing Capital

La Hacienda is one of the many transactions Klein Hornig has closed for Hudson Housing Capital. La Hacienda involved a 56-unit mixed-finance new construction project developed by the non-profit Community Development Corporation of Brownsville. Klein Hornig helped structure Hudson Housing’s $8 million low-income housing tax credit equity investment and negotiated the construction loan and permanent loans from a national bank along with subordinate financing from several local financing sources.

Walden Park Senior Apartments, Buffalo NY

Stratford Capital Group

Stratford Capital Group engaged Klein Hornig in connection with its LIHTC equity investment in the HUD mixed-finance rehabilitation of Walden Park Apartments, a 126-unit senior affordable housing facility located in Buffalo, NY.  Our primary role involved negotiating and drafting transaction documents to admit the Stratford entities into the project partnership and accommodate the demands of the transaction’s numerous funding sources, which included tax-exempt bonds, HOME funds, and credit enhanced by Freddie Mac.

Lugar Tower, Indianapolis IN

Hudson Housing Capital

Lugar Tower is another transaction Klein Hornig closed for Hudson Housing Capital, in this case bringing $25 million of tax credit equity to a 300-unit mixed-finance public housing development in Indianapolis, IN.  We helped structure and document an ownership structure that included the Indianapolis Housing Authority, a local nonprofit organization, and a for-profit developer, as well as our investor client.  The project included both the acquisition and rehabilitation of an existing tower and the new construction of additional units using, among other elements, a ground lease, seller financing, public housing funds and private debt.

Danube Apartments, Boston MA

Michel Associates

Klein Hornig represented Michel Associates and its affiliated investment fund in a tax credit equity investment in Danube Apartments, a scattered-site project located in Jamaica Plain and Dorchester, MA.  The project involved the acquisition and rehabilitation of four properties comprising 65 units financed using Low-Income Housing Tax Credits and Massachusetts Historic Rehabilitation Tax Credits, as well as tax-exempt bond financing from MassDevelopment.