Charles E. Carey
- 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.
- Representing the New York State Housing Finance Agency as bond counsel for the development of 325 Kent Avenue Housing Revenue Bonds, including $41.2 million in 2015 and an estimated additional $44.4 million in 2018.
- 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.
Case Study
Mintz served as co-bond counsel for the Brooklyn Arena Local Development Corporation in connection with the construction financing and refinancing of the Barclays Center. Mintz
Public Finance and Tax attorneys worked on the “Payments in Lieu of Taxes” (PILOT) bond issues.
Public Finance and Tax attorneys worked on the “Payments in Lieu of Taxes” (PILOT) bond issues.