Mark R. Stokely
Education
New York University School of Law, JD, 2015
Brown University , BA, 2011
- New York
- District of Columbia
Mark Stokely focuses his practice on affordable housing finance transactions with complex structures and various financing sources, including low income housing tax credits (LIHTC), government and non-profit grants, bond financing and construction, bridge and leverage loans. He has advised for-profit and nonprofit developers across the country on housing related issues including corporate structuring, complex real estate acquisitions, tax credit exit transactions, mixed-use development, and general real estate law. Prior to joining Klein Hornig, Mark was Associate General Counsel at a mid-size real estate investment firm where he focused on the company’s national affordable housing portfolio, including managing the company’s first LIHTC and tax-exempt bond closing and HUD FHA loan closing. Mark also has previous experience representing nonprofit and for-profit real estate developers on sophisticated real estate transactions with a focus on LIHTC and tax-exempt bond financings.
BAR ADMISSIONS
- Represented a developer in transaction involving Low-Income Housing Tax Credits, tax-exempt bond financing, Opportunity Zone funds as well as multiple other state and Federal loan sources, to develop and construct a 317 unit low-income housing development.
- Represented developer in a RAD for PRAC new construction project utilizing HUD Section 202 Capital Advance financing, Low-Income Housing Tax Credits, tax-exempt bond financing, ARPA funds and other local, state and Federal funding sources.
- Represented national nonprofit developer in an acquisition of a 203 unit senior housing project using public and private funding and advised on long term preservation and rehabilitation strategy.
- Represented a nonprofit developer in transaction involving Low-Income Housing Tax Credits, tax-exempt bond financing, as well as multiple other, local, state and Federal loan sources, to develop and construct a 195-unit project consisting of both affordable rental units and affordable homeownership units in partnership with Habitat for Humanity.
- Represented various nonprofit and for profit developers in connection with the year 15 exit of their Low-Income Housing Tax Credit investors.
- American Bar Association, Member
- ABA Forum on Affordable Housing and Community Development Law, Member
- New York State Bar Association, Member