Overview

Christian Dubois is a real estate transactional attorney who focuses on affordable housing and mixed-income residential real estate projects.  

Christian’s experience allows him to represent both for-profit and non-profit developers of affordable housing projects in residential, commercial, and mixed-use projects funded by tax-exempt multifamily housing revenue bonds, federal low-income housing tax credits (LIHTCs) under Internal Revenue Code Section 42, state low-income housing tax credits, state, county and city loans and grants, and various other types of public financing. Christian is also an authority on California’s welfare exemption from property tax under California Revenue and Taxation Code Section 214(g). In addition to his extensive experience with projects in California and other western states, Christian has focused much of his practice on low-income housing tax credit deals in the State of Hawai’i, having closed multiple deals across the islands of Oahu, Maui and Hawai’i with various federal, state and county financing sources. Developers rely on Christian’s ability to close complicated affordable housing projects, as well as his expertise in structuring tax credit and bond financings with multiple sources of debt and equity.

Broad Real Estate Industry Experience

Christian has extensive experience in affordable housing, as well as mixed-used and mixed-income projects, having represented developers in the financing, acquisition, development, rehabilitation, and disposition of tens of thousands of units throughout California, Colorado, Hawai’i and several other states.  He is sought out by developers to structure complex real estate-secured transactions and to negotiate and document purchases, sales, joint ventures, and debt financings.

Experience

  • Represented the non-profit managing general partner in over a dozen new joint venture low- and mixed-income development projects in California over a one year span.

  • Represented the developer in the financing and construction of an affordable housing project in Hawaii, involving multiple layers of debt and equity, including tax exempt multi-family housing bonds, low-income housing tax credits, United States Department of Agriculture Rural Development loan funds, HOME loan funds, Hawaii Community Reinvestment Corporation loan funds, a Rental Housing Trust Fund loan from the Hawaii Housing Development and Finance Corporation, and Department of Housing and Urban Development loan funds.

  • Represented the borrower in the simultaneous refinancing with Fannie Mac of 11 affordable housing projects in various regions of California.

  • Represented the developer in the financing of a three-property scattered site affordable housing project in New Mexico, involving tax exempt multi-family housing bonds, low-income housing tax credits, and United States Department of Agriculture Rural Development loan funds.

  • Represented the developer in the rehabilitation and financing of a 1200-unit mixed-income housing project in Phoenix, Arizona, financed in part with a total return swap-backed tax-exempt bond loan and tax credit equity.

  • Represented the developer in the rehabilitation and financing of a 1200-unit mixed-income housing project in Phoenix, Arizona, financed in part with a total return swap-backed tax-exempt bond loan and tax credit equity.

  • Represented a non-profit project owner in the tax credit and tax-exempt bond-financed rehabilitation of the largest affordable housing development on the Monterey County Peninsula in California. The project was the first tax credit project for the owner, whose board consisted of several local nonprofit organizations not otherwise engaged in real estate development projects.

  • Represented the developer in the resyndication and rehabilitation of a project for formerly homeless residents in San Jose, California, including the structuring and negotiation of a County of Santa Clara loan, a City of San Jose loan, seller carry-back financing, a third party loan from a nonprofit corporation, a senior tax-exempt bond loan and low income housing tax credits.

  • Represented the developer in the acquisition and financing of a two-phase construction project on the island of Oahu, Hawaii, comprised of two mid-rise affordable and senior buildings, including over 300 residential units and separately condominiumized parking and commercial components. The project was financed, in part, by a Hawaii Housing Finance and Development Corporation Rental Housing Revolving Fund loan, senior tax-exempt bond financing and both federal and Hawaii state low income housing tax credit equity.

  • Represented the developer in the financing and construction of an affordable housing project on the island of Maui, Hawaii, which was financed in party by a HOME loan and Housing Trust Fund loan administered by the County of Maui, a Hawaii Housing Finance and Development Corporation Rental Housing Revolving Fund loan, a senior tax-exempt bond loan, County of Maui development credit subsidy, and both federal and Hawaii state low income housing tax credit equity.

  • Represented the developer in the construction and financing of a nearly 600-unit mixed-income workforce housing project in Reno, Nevada, financed in part with HOME loan funds administered by the Washoe County Home Consortium, a Low Income Housing Trust Fund loan administered by the City of Reno, a Growing Affordable Housing Program loan administered by the Nevada Housing Division, tax-exempt bond financing, and tax credit equity.

  • Represented the developer owner in the total return swap refinancing of tax-exempt and taxable bond loans totaling over $500,000,000, secured by six affordable and mixed-income projects in California and Nevada.

  • Represented the developer in the financing and construction of an affordable housing project on the island of Oahu, Hawaii, financed in part by tax-exempt multifamily housing bonds, low income housing tax credits, United States Department of Agriculture Rural Development loan funds, HOME loan funds, Hawaii Community Reinvestment Corporation loan funds, a Hawaii Housing Development and Finance Corporation Rental Housing Trust Fund loan, and a U.S. Department of Housing and Urban Development loan.

Insights

News

Speaking Engagements

Awards & Affiliations

Professional Affiliations

State Bar of California

California Council for Affordable Housing, Board of Directors

Bar & Court Admissions

  • State Bar of California

Education

J.D., University of California, Los Angeles School of Law, 2006, Senior Editor, UCLA Law Review

B.A., Harvard College, 1996, cum laude

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