Partner
Orrick Herrington & Sutcliffe LLP
Marc has experience servicing clients as bond counsel, borrower’s counsel, disclosure counsel, bank counsel, and underwriter’s counsel in various finance transactions including private activity bonds for affordable housing projects, revenue bonds for power and water projects, and conduit 501(c)(3) financings for universities, museums, affordable housing projects, middle income housing projects, and charter schools.
The challenge of building new housing and making it affordable is omnipresent in California. With the new threshold test for bond-financed housing credit properties lowered to 25%, allowing additional buildings financed with tax-exempt bonds to qualify for housing credits, how are issuers preparing for new housing opportunities?