Known for his experience in the areas of affordable housing finance and taxation, Stephen represents clients in all aspects of financing and developing affordable housing projects throughout the country. His experience, active practice, and relationships with developers, lenders, and investors give him invaluable and unique insights into the affordable housing marketplace.
Counsel To Builders, Developers, And Public Agencies
Stephen has represented numerous builders, for profit and nonprofit developers, syndicators, lenders, financiers, public agencies, and consultants for more than 30 years. His expertise includes structuring and closing complicated financings for mixed-use, mixed-income, senior, assisted-living, family, and farmworker projects. He is also considered the foremost authority on California's property tax exemption for affordable housing and was instrumental in the adoption of rules clarifying the exemption. Stephen's clients also turn to him for help structuring complex financings utilizing tax-exempt bonds, low-income housing tax credits, rehabilitation tax credits, new market tax credits, solar tax credits, energy tax credits, and public subsidies.
An Active Business Practice
During the past three decades, Stephen has participated in a substantial number of all multifamily bond financing in California. He also maintains an active business practice with significant experience in structuring partnership, limited liability company, and corporate financings, tax planning, real estate development, and capital formation. In addition, he represents clients before State Housing Agencies and the Internal Revenue Service.