Overview

Lisa Weil is a transactional real estate and project finance attorney focusing on affordable housing residential apartment projects. 

Lisa represents developers in in multifamily tax credit housing projects, and assists in all aspects of affordable housing development, from navigating the rules of government funding sources to negotiating with public and private lenders.

Lisa is a nationally recognized expert in affordable housing finance, with particular emphasis on tax exempt multifamily housing revenue bond financing, including financing originated by Fannie Mae, Freddie Mac, California Department of Housing and Community Development, California Housing Finance Agency (CalHFA) as well as numerous private financial institutions.  Lisa’s experience also includes low income housing tax credits (LIHTCs) under Section 42 of the Internal Revenue Code, state, county and city loans and grants and the property tax exemptions (including the welfare exemption under California Revenue and Taxation Code Section 214(g)).  Lisa has used her in depth knowledge of current markets to help clients in the acquisition, disposition, and financing of affordable housing apartment buildings.

Lisa’s assistance continues beyond the closing of the affordable housing transactions; Lisa has extensive experience with low income housing bond redemptions and loan payoffs, partner redemptions and purchases and property dispositions.  Lisa works closely with client’s business and legal teams to manage major real estate transactions, including multi-site acquisitions and dispositions.

Experience

Represented the developer in the acquisition and financing of 8 separate properties closing on or about the same day, including low income housing bonds and LIHTCs, and local public subsidies.

Represented several developers in the disposition of portfolios of properties and partnership interests that are currently or previously financed with low income housing bonds and LIHTCs.

Represented a large institutional property owner for the disposition of property in connection with an affordable housing project. Drafted all disposition and subordinate financing documents.

Represented a developer in the first successful closing utilizing the New Issue Bond Program (NIBP) financing with Freddie Mac in California. Negotiated subordinate credit enhanced bonds, financing from a local public agency and the California Department of Housing and Community Development and the Federal Affordable Housing Program and conformed all requirements to allow the project to be completed and operate successfully.

Represented multiple owners acquiring or refinancing projects with tax exempt bonds and low income housing tax credits, which included negotiating the repayment and retirement of tax exempt bonds and interfacing with the California Tax Credit Allocation Committee to obtain all necessary consents for the transfer.

Negotiated a global settlement between a nonprofit general partner and the other partners in which the nonprofit partner agreed to withdraw from a portfolio of low-income restricted project-owning partnerships.

Insights

Publications

Practice Areas

Real Estate Sectors

Bar & Court Admissions

  • State Bar of California

Education

J.D., University of California, Hastings College of the Law, 1997, cum laude

B.A., University of California, Berkeley, 1993

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