It’s an honor to work with mission-oriented organizations that transform communities by building and improving affordable homes for those who need them. I enjoy being a part of my client’s team, helping them strategize and problem-solve, and enabling them to see the path forward to completing worthy projects that enhance the lives of others.
Advising nonprofit and for-profit developers in the mid-Atlantic and across the country, Eric Herrmann focuses his practice on closing transactions involving mixed-use development, Low-Income Housing Tax Credits (LIHTC), tax-exempt bonds, FHA-insured loans and the preservation of expiring-use properties.
Clients appreciate Eric’s knowledge and guidance in finance, transactional and real estate law, as well as housing-related issues such as corporate structuring, tax credit exit transactions, FHA-insured loans combined with tax-exempt bonds, mixed-use developments and Section 8 renewals. They also rely on him to keep them compliant with complicated U.S. Department of Housing and Urban Development (HUD) rules and regulations and to secure HUD approvals that are critical to allowing their projects to succeed.
With an intelligent and thorough approach, Eric gives his all to every transaction and strives for efficiency to help clients stretch their budgets in an always-challenging economic environment. While he works diligently, he also brings an affable nature and a good sense of humor to his practice. Always happy to take on an array of tasks and do all he can to alleviate worries for his clients, Eric has often been told that having him involved is like having a second project manager on a deal.
Eric’s work in affordable housing and community development started before law school, at the National Housing Trust, where he worked on the preservation of thousands of units of affordable housing. He frequently draws on that early experience with complicated transactions. He continued to pursue his passion while at Harvard Law School, serving as co-chair of its Tenant Advocacy Project and as a student attorney at the Wilmer Hale Legal Services Center’s Housing Unit.