Multifamily and Affordable Housing
Housing shortages across metropolitan and other markets have intensified political focus on production incentives while construction costs continue to outpace income growth, creating unprecedented demand for sophisticated multi-family and affordable housing solutions. Stradling provides much-needed solutions to the nationwide affordability crisis by structuring meticulous financing packages that balance legal precision with social consciousness. We guide housing finance agencies, local governments, nonprofit developers, and for-profit builders through complex tax-exempt bond issuances, tax credit syndications, and multi-layered capital stacks. Our team combines regulatory acumen with sophisticated financing solutions that simultaneously preserve existing affordable units, create new workforce housing opportunities, address immediate capital deployment demands, and fulfill long-term affordability preservation requirements—all while honoring essential fiduciary responsibilities to our diverse client base.
Housing finance transactions demand attentiveness to overlapping subsidy programs, regulatory regimes, and investor requirements rarely found in other sectors. Stradling crafts arrangements that address these intersecting considerations while maintaining focus on project completion milestones. We examine land use entitlements, evaluate subsidy restrictions, and structure appropriate security provisions reflecting the distinctive cash flow characteristics of affordable housing operations. Real estate fundamentals underpin our approach to these specialized securities offerings, creating financing packages that withstand market scrutiny while honoring social impact imperatives. Our team advises on:
- Tax-exempt private activity bonds and governmental purpose issuances
- Low-Income Housing Tax Credit transactions and equity syndications
- Mixed-finance developments combining market-rate and affordable components
- Preservation transactions for aging affordable housing stock
- RAD conversions and public housing recapitalization
- Workforce housing initiatives targeting middle-income households
Moreover, we address policy objectives beyond mere financial mechanics when structuring housing transactions. Our team recognizes the interplay of capital formation, resident protections, and community development inherent in housing finance initiatives. We draft documentation balancing investor security requirements against tenant safeguards, workforce participation goals, and environmental standards increasingly attached to public funding sources. This comprehensive approach to transaction management and advisory services produces resilient transaction structures that can withstand economic cycles while delivering on core affordability commitments.
