Washington, DC Office
Laura Schwarz is a member whose practice focuses on representations of public housing authorities and non-profit developers involved in mixed-finance affordable housing development, with an emphasis on Low-Income Housing Tax Credits (LIHTCs), Rental Assistance Demonstration (RAD) funds, public housing financing, energy performance contracting and other federal and state sources. In addition to providing development counsel, Laura assists clients in addressing regulatory and operational issues ranging from the creation of tax-exempt instrumentalities to Section 3, Davis Bacon and Uniform Relocation Act compliance.
Selected Recent Transactions
- Closed Parqwood Apartments (Toledo), the first transaction in Ohio to involve FHA 221(d)(4) insured mortgage financing, tax-exempt bonds, RAD project based rental assistance and LIHTCs. This transaction involved $18.3 million in financing and the rehabilitation of 134 elderly units
- Closed all three phases of affordable development on behalf of the Rome (New York) Housing Authority, where the project involved 180 units and $52 million in financing, including LIHTCs, Project-Based Vouchers, Rental Assistance Demonstration (RAD) funds, seller financing and other sources.
- Closed all four phases of a redevelopment in Louisville, Kentucky, where financing included 4% and 9% LIHTCs, tax-exempt bonds issued by the Commonwealth of Kentucky, HOPE VI funds, HOME and CDBG funds.
- Closed $7.2 million Energy Performance Contracting (EPC) transaction on behalf of the Lucas Metropolitan Housing Authority, where financing involved tax-exempt master lease financing backed by HUD operating subsidies. Negotiated Energy Services Agreement with third-party provider and tax-exempt lease/purchase financing with institutional lender
- The State of Housing Initiatives Under the New Trump Administration PART 2- HOTMA, MTW, Section 8, Immigration, and More! – Housing and Development Law Institute 2017 Spring Legal Conference, Washington, DC, May 11, 2017
- Frequent speaker at industry conferences, including the National Association of Housing and Redevelopment Officials (NAHRO), Housing Development Law Initiative (HDLI), and regional housing finance conferences
- Past topics have included financial leveraging, environmental review, Davis Bacon wage compliance, and federal procurement requirements
- Author, “Community Planning and Development: Emerging Neighborhood Stabilization Programs,” in Navigating HUD Programs: A Practitioner’s Guide to the Labyrinth, ed. Julie S. McGovern and George L. Weidenfeller (American Bar Association Press), May 2012.
- Author, The Neighborhood Stabilization Program: Development Opportunities for Community Economic Development Organizations, ABA Committee on Community and Economic Development eNewsletter, Winter 2011.
- Author, The Neighborhood Stabilization Program: Land Banking and Rental Housing as Opportunities for Innovation. Journal of Affordable Housing & Community Development Law (Volume 19, Number 1, Fall 2009).
- Author, The 2007 National Affordable Housing Trust Fund Act: A National Fund for a National Need, Journal of Affordable Housing & Community Development Law, Spring 2009.
- Co-Author, Affordable Workforce Housing–An Agenda for the Show-Me State: A Report from an Interactive Forum on Housing Issues in Missouri, 27 Saint Louis University Public Law Review 45 (2007).
Awards, Community Activities and Professional Activities
- Associate Editor, American Bar Association (ABA) Journal of Affordable Housing and Community Development Law (2013-present)
- Member, National Association of Housing and Redevelopment Officials
- Member, American Bar Association Forum on Affordable Housing and Community Development Law
- Winner of the ABA Forum on Affordable Housing and Community Development Law’s Journal Writing Competition (2008)
- Executive Editor, Saint Louis University Public Law Review, Fall 2008-Spring 2009
- Saint Louis University School of Law Mel Friedman Fellowship in Real Estate Law
- Saint Louis University School of Law 1843 Scholarship (3 year, full tuition scholarship)
- Phi Beta Kappa