Affordable Housing

Lyne, Woodworth attorneys have considerable expertise in the areas of affordable housing and the development of commercial enterprises in economically depressed areas of the Commonwealth. In addition, our practice includes structuring work-outs and handling foreclosures on behalf of affordable housing lenders in troubled situations.

The firm represents lenders as well as entities purchasing packages of affordable housing deals. The low income housing tax credit has provided tremendous incentives to investors to finance affordable housing projects. The new markets tax credit has spurred enormous commercial development in distressed areas. Our attorneys have had wide-ranging experience in structuring the financing for these very complicated and multi-layered tax credit transactions. We have been a leader in offering inventive and realistic solutions to the many challenges presented by these complex transactions which involve many layers of public and quasi-public subsidies and financing.

The firm has helped put together numerous high profile affordable housing economic development ventures. Other types of projects have included limited equity cooperative ventures, land trust arrangements, condominium structures for low income homeowners, assisted living facilities, renovation of troubled housing complexes and renovation of historic buildings. Our representative clients have included Massachusetts Housing Finance Agency, Massachusetts Housing Investment Corporation, Massachusetts Housing Partnership Fund Board and the City of Boston acting through the Department of Neighborhood Development.