Financings, closings for affordable housing top $335 million

housing with rising arrow - imagesCA39EVKBOver the past twelve months, Ellinger Carr lawyers have counseled and assisted with the closings of more than 20 complex commercial transactions for the investment of more than $335 million in equity and debt financings of multifamily affordable housing apartment complexes.  These closings provided for tax credit financing, including tax credits allocated by the North Carolina Housing Finance Agency and similar housing finance agencies in other states, for commercial real estate developments in affordable and senior communities in North and South Carolina, and in Florida, Georgia, Louisiana, Tennessee, Texas and Virginia.

Ellinger Carr is presently advising and assisting public housing authorities, other public housing agencies and other clients with implementation of the Rental Assistance Demonstration (RAD) program of the United States Department of Housing and Urban Development (HUD).  RAD is similar to previous HUD mixed finance initiatives, like the HOPE VI program used for redevelopment of public housing communities, including recent HOPE VI project closings and financings that Ellinger Carr lawyers assisted with in Charlotte, Greensboro, Raleigh and Wilmington, North Carolina and Richmond, Virginia.  Our firm’s lawyers also have counseled and assisted with special bond financings under the HUD Capital Fund Financing Program (CFFP).  The lawyers have closed multiple CFFP transactions providing more than $30 million in capital investments and improvements to public housing units in the Carolinas and elsewhere in the United States.  Laurel Street Residential housing photo imagesCANN2ZAF

Ellinger Carr is a business law and commercial real estate law firm based in Raleigh, North Carolina.  Providing safe, affordable housing for families, seniors and developmentally disabled persons has long been a part of the work of the Ellinger Carr law firm, in communities in the Carolinas, the Southeast and elsewhere in the United States.  The firm’s lawyers are experienced and knowledgeable counselors, transaction specialists and business problem solvers, admitted to practice in North Carolina, South Carolina, Florida, Louisiana and New York.  For assistance in affordable housing, HUD financing, commercial real estate and corporate/business development matters, call 919-785-9998 or email Susan Ellinger at or Steven Carr at