R&C attorneys work with a range of clients seeking to provide affordable housing opportunities, along with the community, commercial, cultural, and recreational facilities that promote healthy communities, in urban, suburban, and rural settings using public and private financing. Having focused on affordable housing and community development law since its founding in 1977, R&C brings an unrivaled knowledge of this rapidly changing industry.
Negotiating complex finance matters for our clients is part of our affordable housing and community development practice’s daily work, as is structuring creative financing solutions to leverage limited funding as far as possible. We work throughout the country and in U.S. territories with public agencies that are implementing federal housing programs and private for-profit and nonprofit developers who are using federal funds to build or rebuild housing and commercial amenities to strengthen communities. R&C attorneys are adept at rental housing finance and homeownership finance in rural and urban settings and concentrate on complex, multi-phased, mixed-use real estate transactions involving all types of affordable housing and community development funding sources including the Rental Assistance Demonstration Program (RAD), the newest of HUD’s redevelopment programs.
R&C’s Affordable Housing and Community Development practice is known for its ability to close complex transactions in the simplest and most efficient manner possible. R&C attorneys have a unique understanding of how to adapt federal programs to meet local needs and know to avoid a one-size-fits-all approach to the legal issues presented in development efforts. The firm’s strong grasp of the Fair Housing Act, Section 504 of the Rehabilitation Act, the Community Reinvestment Act, and HUD rules, assists our clients to address community opposition and foster housing choice. R&C represents both public agencies that administer housing and community development funds and developers or nonprofit organizations that put such funds to use which means R&C attorneys have a uniquely well-rounded understanding of the programs from varying perspectives. Firm attorneys have structured transactions that benefit from a range of financing sources including, but not limited to, Community Development Block Grant (CDBG) program, the public housing program, the HOME program, the Neighborhood Stabilization Programs (NSP), HOPE VI and mixed-finance development programs, the Moving to Work (MTW) program, the Rental Assistance Demonstration (RAD) program, and the Housing Choice Voucher (Section 8) programs. R&C attorneys have been at the forefront of efforts to combine HUD program funds with Low-Income Housing Tax Credits (LIHTCs), Federal Housing Administration (FHA) products, and New Markets Tax Credits (NMTCs) to create mixed-income communities with commercial amenities.