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Charles E. Carey

Member

[email protected]

+1.212.692.6266

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Charles is a nationally recognized public finance attorney who handles a broad range of revenue bond financings. He serves as bond counsel and counsel to underwriters on financings around the country, with a particular focus on Massachusetts and New York. He is primarily involved in financings for affordable residential developments, sports facilities, and public transportation. Charles has been consistently ranked, across publications, among the top attorneys in Boston and New York for over 10 years.

Charles has extensive experience in taxable and tax-exempt revenue bond financings. He has broad experience in the areas of general revenue bonds and disclosure. 

He has been directly involved as bond counsel and counsel for the underwriters with respect to financings by numerous issuers around the country, including New York State Housing Finance Agency, State of New York Dormitory Authority, Empire State Development, Massachusetts Housing Finance Agency, and the Metropolitan Transportation Authority.

Charles has been a frequent speaker on the topics of disclosure and multifamily housing programs. 

Education

  • St. John's University (JD)
  • University of Scranton (BS)

Experience

  • Served as Bond Counsel to MassHousing in its issuance of $66,000,000 Multifamily Conduit Revenue Bonds to finance the acquisition and renovation of a 640-unit multifamily rental housing facility in Quincy Massachusetts to preserve low cost affordable housing. This was a unique financing structuring providing a conduit construction loan in connection with a Fannie-Mae backed permanent loan and the use of Low-Income Housing Tax Credits that will allow 90% of the units at the development to remain affordable for 30 years to residents earning at or below 60% of the area median income.
  • Represented the New York State Housing Financing Agency as bond counsel for the remarketing of the 2008 West 37th Street Housing Revenue Bonds.
  • Represented MassHousing in connection with the refinement of a program in partnership with FFB and HUD for the purchase of participation interests in MassHousing loans that participate in HUD’s Risk Sharing Program, ultimately allowing lower interest rates to improve and preserve affordable rental housing.
  • Represented MassHousing in connection with all of their multi-family programs for over 20 years. In 2017, we served as bond counsel to MassHousing in connection with 10 bond issues totalling approximately $350,000,000 and 2 note issues totalling over $100,000,000 and issuer counsel in connection with their Federal Financing Bank Participation Certificate Program.

Recognition & Awards

  • Included on the New York Super Lawyers: Bonds/Government Finance list (2010 – 2012, 2014 – 2018)
  • Included on the Massachusetts Super Lawyers: Bonds/Government Finance list (2004 – 2005, 2008)

Involvement

  • Affiliate Member, National Council of State Housing Agencies (NCSHA)
  • Member, NCSHA Disclosure Task Force
  • Member, American Bar Association
  • Member, Massachusetts Bar Association
  • Member, California Bar Association
  • Member, National Association of Bond Lawyers
  • Elected Representative, Westport, Connecticut, Representative Town Meeting

Recent Insights

News & Press

Viewpoints

MSRB Addresses Selective Disclosure

September 15, 2017| Blog

On September 13, 2017, the Municipal Securities Rulemaking Board (the “MSRB”) published a market advisory on selective disclosure (the “Notice”).
On March 15, 2017, the Securities and Exchange Commission (“Commission” or “SEC”) published in the Federal Register for comment proposed amendments to Rule 15c2-12 (the “Rule”) under the Securities Exchange Act of 1934 (“Exchange Act”).
Beginning May 1, 2013, many new business conduct regulations adopted by the Commodity Futures Trading Commission (“CFTC”) pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”) will begin to take effect.
Since August 2, 2012, investment banking firms retained to act as underwriters on municipal finance transactions have been required to provide written disclosure to issuers concerning the relationship between issuers and underwriters.
While the Investor Bulletin is fairly basic and addressed primarily to investors generally, the list of some of the risks of investing in municipal bonds included in the Bulletin may be helpful to issuers and underwriters when preparing or reviewing disclosure documents. 

News & Press

Fourteen Mintz attorneys have been named New York Super Lawyers for 2017 and thirteen have been named New York Rising Stars. New York Super Lawyers recognizes the top lawyers with the highest degree of peer recognition and professional achievements.  
Charles Carey, a Member in the New York Mintz office and an experienced public finance and bond counsel lawyer, was highlighted by Westport News upon his appointment to fill a Representative Town Meeting (RTM) vacancy in Westport, CN.
Mintz served as co-bond counsel to the Brooklyn Arena Local Development Corporation in the refinancing of certain bonds issued for the construction of the Barclays Center in Brooklyn, NY.
Sixteen Mintz attorneys have been named New York Super Lawyers for 2016 and twelve have been named New York Rising Stars. The list will be published in a special advertising supplement in The New York Times Magazine and in a stand-alone magazine, New York Super Lawyers - Metro Edition.
Thirteen attorneys from Mintz have been named New York Super Lawyers for 2014 and eleven have been named New York Rising Stars. The list will be published in a special advertising supplement in The New York Times Magazine and in a stand-alone magazine, New York Super Lawyers - Metro Edition.

Events

Panelist
Mar
17
2016

Affordable Housing Finance Conference

SMITH's Research & Gradings

The Palms Resort & Spa, 3025 Collins Avenue, Miami Beach, FL

Speaker
Mar
19
2015

Affordable Housing Finance Conference

Smith's Research & Gradings

Westin Beach Resort, Fort Lauderdale, FL