Affordable and Other Workforce Housing: The Changing Landscape of Zoning and Financing

David Jones focuses his practice on real estate development, joint ventures, real estate financing, and real estate debt restructuring and work outs. He represents real estate investors, developers and lenders in the structuring and negotiation of real estate equity and debt financing, including mezzanine debt, and loan restructuring. He also represents owners and developers in the acquisition, development, disposition, and financing of multifamily housing, including affordable housing. He has represented developers in transactions involving both Federal Historic Rehabilitation Tax Credits and Federal New Markets Tax Credits. Additionally, he represents real estate developers in negotiating development incentives with local governments, and in the structuring of tax-increment financing and similar transactions.

Tom’s practice includes all aspects of real estate law and commercial development with a focus on community development and its related tax increment financing. Tom represents developers and over 20 municipalities in this area. He is active in the land use area, representing his clients in zoning and planning matters such as governmental permitting and subdivision. Tom represents borrowers and lenders in the area of real estate finance, specifically providing advice on document preparation and review of construction financing and commercial loans. His clients include developers and lenders engaged in affordable housing development, which includes financing involving the Low Income Housing Tax Credit housing projects. Tom also represents developers financing projects using the New Markets Tax Credit.

Angela Christy is a partner in Faegre Baker Daniels' real estate practice. Devoting much of her practice to housing (particularly affordable housing) and community development, Angela may be "the strongest person in the state in this area," according to clients interviewed for a Best Lawyers in America survey. She has represented nonprofit and for-profit developers, investors and governmental entities in more than 250 low-income housing tax credit transactions throughout the United States.

Angela has also represented numerous contractors and developers regarding construction documents for housing, office buildings and other developments. She is a Minnesota Certified Real Property Specialist and a lecturer at local and national seminars on affordable housing and other real estate topics.

Lance Bocarsly is a nationally recognized transactional real estate attorney specializing in affordable housing, community and economic development transactions, and a founding partner in Bocarsly Emden. He has represented developers, syndicators and investors in over one thousand transactions financed with federal low income housing tax credits and tax exempt bonds, generating tens of thousands of residential units for low income tenants in over forty states. Mr. Bocarsly’s practice focuses on all aspects of the acquisition and development of, and investment in, real property, including negotiation of purchase agreements, construction and permanent financing from institutional and governmental sources, negotiation of construction and development contracts, formation and syndication of partnerships and limited liability companies owning and operating real estate developments and syndication of investment funds in real estate transactions. In addition, Mr. Bocarsly has substantial experience in advising nonprofit and for-profit developers undertaking affordable housing and economic development.

Mr. Bocarsly handles the acquisition, financing and development of multi-family and senior affordable housing transactions throughout the United States. Mr. Bocarsly also represents clients in the acquisition, financing and disposition of mixed-income and mixed-use transactions, economic and community development projects and low income homeownership developments.

Mr. Bocarsly was formerly a partner with Bingham McCutchen LLP and Riordan & McKinzie in Los Angeles, California. He was elected a Fellow of the American College of Real Estate Lawyers in 2011 and was recognized as the UCLA School of Law Real Estate Law Association Alumnus of the year in 2013. Mr. Bocarsly serves as an adjust professor of law at UCLA School of Law, teaching the Real Estate Law Clinic: Affordable Housing.

Mr. Bocarsly is the co-author of “Community Land Trusts: A Growing Trend in Affordable Home Ownership”, ABA Journal of Affordable Housing and Community Development Law, Summer, 2008, “Tax-Exempt General Partners and the IRS: Defenestrating the Myth of Private Inurement and Public Benefit”, ABA Journal of Affordable Housing and Community Development Law, Fall, 1997, “Real Property Tax Exemptions In Affordable Housing Transactions”, ABA Journal of Affordable Housing and Community Development Law, Winter, 1993, and “Scenic Rivers Designation Maintained”, U.C.L.A. Journal of Environmental Law and Policy, Spring 1985. He has been a featured speaker at, and has chaired, numerous conferences analyzing affordable housing and community development issues. In addition, Mr. Bocarsly served on the Governing Committee of the American Bar Association’s Forum on Affordable Housing and Community Development Law from 1994 through 2003 and served as the Chair of the Forum in 2001-2002.

Mr. Bocarsly received his Bachelor of Arts degree, cum laude, from the University of California, Los Angeles in 1984 and his Juris Doctor degree in 1987 from the University of California, Los Angeles.