Morgan G. Smith



Howard University School of Law, JD, 2008

Brown University, BA, 2000

Morgan (Mo) Smith focuses his practice on a range of affordable housing transactions involving Low-Income Housing Tax Credits, Renewable Energy Tax Credits, mixed-finance/public housing, and HUD financing. He joined Klein Hornig in 2012 to pursue his passion for affordable housing, and he brings with him additional experience in energy and sustainability, and corporate transactions including start-ups, debt and equity financing, and mergers and acquisitions.

Mo previously worked as an associate at Miller Nash LLP as a member of their Affordable Housing and Business practice groups and at Ballard Spahr Andrews & Ingersoll as a summer clerk. Mo's prior experience also includes working in commercial real estate as a market analyst.


  • Oregon (inactive)
  • District of Columbia
  • Maryland
  • Assisted a for-profit/nonprofit joint venture in redeveloping a 190-unit public housing project under HUD’s Rental Assistance Demonstration program. This acquisition/rehabilitation project was financed with short-term tax-exempt bonds secured by a forty-year FHA-insured 221(d)(4) mortgage loan, together with seller take-back debt and subordinate loans from Maryland DHCD. The project required coordinating favorable advice from the Maryland OAG regarding the tax-exempt status of the project, and working with the local municipality to obtain a PILOT agreement.
  • Assisted a for-profit joint venture in a two-phase, 270-unit project leveraging tax-exempt bonds with 4% credits, 9% credits, FHA-insured debt, and an equity bridge loan. The $60 MM financing required a split ground lease from the local county government and two condominium regimes to fully separate the funding sources.
  • Assisted a nonprofit developer in a refinance to facilitate a “Year 15” exit of an equity investor from a limited partnership owning a 48-unit project. The $3MM financing included FNMA debt, $1.5MM of local government funds, and a $500k Freddie Mac grant.
  • Assisted a developer in the third phase of a mixed-finance public housing development consisting of 56 units. Financing was provided through the housing authority and 9% tax-credit equity.
  • Assisted a for-profit developer in refinancing a 76-unit apartment complex in Arlington, VA originally financed with low-income housing tax credits. Gave advice in structuring the repurchase of limited partner interest including planning for future redevelopment of the project.
  • Assisted a for-profit/nonprofit joint venture in the development of a mixed-used development featuring a recovery center and 40 units of affordable housing. Gave advice with respect to structuring the venture including multiple tiers of financing. Assisted in negotiations regarding and documentation of bank financing and investment by equity investor.
  • Act Now! Oregon Provides Short Window for Taxpayer Amnesty; Those That Don't Comply Get the Stick, October 2009
  • ABA Forum on Affordable Housing and Community Development Law, Member
  • District of Columbia Bar Association, Member
  • Oregon Bar Association, Member
  • D.C. Bar Pro Bono Center's Small Business Brief Advice Legal Clinic
  • Oregon Chapter of the National Bar Association, Board of Directors and Officer (2011-2012)
  • Presenter, "Twinning 9s & 4s: The Time Has Come," Maryland Association of Housing and Redevelopment Agencies (MAHRA) Spring Conference - May 2018
  • Presenter, “Introductory Training on HUD Multifamily Programs for Elderly Persons and Disabled Persons (Section 202 and 811 Programs),” Housing Association of Nonprofit Developers (HAND) – April 2017
  • Presenter, Small Business Law Boot Camp, Portland, OR – May 2011
  • Presenter, "Low-Income Housing Tax Credit Basics," Miller Nash LLP 17th Annual Affordable Housing Conference, Portland, OR – May 2010