My practice blends a desire to perform meaningful work and support the growth and development of communities, that don’t have the same economic power and influence that others do. It’s gratifying to leverage my expertise to ensure that residential and community spaces are preserved, constructed, and managed appropriately to enhance the lives of community members for decades to come.
Dimitri McDaniel counsels nonprofit and for-profit affordable housing developers through Low-Income Housing Tax Credit (LIHTC) funding and other tax credit processes, to finance the development or rehabilitation of projects. Working on a full spectrum of transactions, he handles finance structuring, contracts, and other issues to help launch and complete residential, mixed-use, and community development projects.
Dimitri guides clients through complicated processes inherent to these types of transactions, including real estate acquisition or land use issues and joint venture formation. Recognizing that it’s often a difficult environment for clients—one that includes uncertain interest rates and bond cap issues—he builds protections into transaction structures to help mitigate risk.
Clients appreciate that Dimitri provides the necessary knowledge and stability the affordable housing arena requires, including a full understanding of the issues, an ability to look years down the road, and a steady hand to navigate sometimes choppy waters. They also benefit from his background in both the public sector and nonprofit organizations, which gave him keen insight and a holistic perspective on how various entities operate and how to best deal with prospective joint venture partners, public housing authorities, and government agencies.
