We represented Knoxville’s Community Development Corporation (KCDC) in connection with the RAD conversation of three large housing projects – one of Tennessee’s largest RAD transactions to date. Our work involved serving as bond counsel in connection with the issuance of three series of tax-exempt bonds, borrower’s counsel in connection with three loans from Fannie Mae, tax credit counsel to the new owners of the project (which are controlled by KCDC) and handling all tax abatement documents.
RAD Program Conversion for Three Large Housing Projects in Knoxville
RAD Program Conversion for Three Large Housing Projects in Knoxville
We represented Knoxville’s Community Development Corporation (KCDC) in connection with the RAD conversation of three large housing projects – one of Tennessee’s largest RAD transactions to date. Our work involved serving as bond counsel in connection with the issuance of three series of tax-exempt bonds, borrower’s counsel in connection with three loans from Fannie Mae, tax credit counsel to the new owners of the project (which are controlled by KCDC) and handling all tax abatement documents.