Kuhl & Grant LLP (“K&G”) was founded in May 2010 by partners Gareth Kuhl and Mark Grant. Prior to founding K&G, Gareth and Mark were partners at Ice Miller LLP, where they practiced for more than thirty-five combined years. K&G provides a broad range of legal services in connection with real estate acquisition, development, construction, rehabilitation, ownership, operation, management, leasing, finance and disposition matters. Our extensive experience in real estate includes affordable and market-rate multi-family and single-family residential, commercial, mixed-used, office, educational, civic/public and retail development. Our clients include for profit and nonprofit developers and owners, public housing authorities, municipalities, property managers, contractors, lenders and investors. Our experience includes representing Indiana-based clients, as well as regional and national clients with real estate activities in Indiana and other states. We serve clients who regularly engage in complex real estate transactions, as well as clients who only occasionally need our services to purchase, sell, lease, finance or develop real estate.
Affordable Housing and Community Development Finance
Financing affordable housing and community development projects is rarely simple or straightforward, often involving numerous funding sources and multi-tiered ownership, investment and financing structures. K&G’s partners have more than forty years of combined experience in affordable housing and community development, successfully closing hundreds of projects throughout Indiana and other states. For nearly a decade, the firm’s partners have been personally identified as the development team attorneys on the majority of Low Income Housing Tax Credit (“LIHTC”) applications submitted and funded in Indiana, and have personally closed the substantial majority of LIHTC-awarded projects in the state.
K&G has established a sophisticated legal practice focused on all facets of developing, financing, owning and operating affordable housing and community development projects. In connection with financing the development of these projects, we have substantial experience with numerous tax incentives or other development subsidies, including the LIHTC, the HOME Investment Partnerships (“HOME”) Program, the Affordable Housing Program (“AHP”). We have also provided counsel on a substantial number of projects combining these multiple funding sources. Additionally, we have substantial experience with the Community Development Block Grant (“CDBG”) Program, the Historic Rehabilitation Tax Credit (“HRTC”), the New Markets Tax Credit (“NMTC”), tax-exempt bond financing, tax increment financing (“TIF”), the HOPE VI Program, the Neighborhood Stabilization Program (“NSP”), public housing authority Capital Funds and Replacement Housing Factor (“RHF”) funds, the ARRA Section 1602 Tax Credit Exchange Program (“TCEP”), and the ARRA Tax Credit Assistance Program (“TCAP”). We have experience with nearly every type of debt financing for affordable housing projects, including conventional construction and term financing, tax-exempt and taxable bond financing, and government-sponsored loan programs such as HUD 202, 221(d)(3), 221(d)(4), 223(f) and 236 and Rural Development 515 and 538. We also have substantial experience with various affordable housing operating subsidies, including public housing ACC funding, Section 8 and Shelter Plus Care. In connection with such projects, we are experienced in and work collaboratively with LIHTC-allocation agencies, public housing authorities, local, state and federal governmental agencies, lenders and investors to secure for our clients the resources necessary to finance their projects.
As important as our depth and breadth of industry knowledge and experience are in helping to successfully structure and close a transaction, we also recognize the significant value that relationships carry within the industry. By approaching each transaction as an opportunity to provide a positive impact on the success of the project, our attorneys have established collaborative working relationships with tax credit allocating agencies, public housing authorities, nonprofit community organizations, Federal, state and local agencies, private and public lenders and tax credit investors and syndicators.
Our affordable housing and community development clients include for-profit, non-profit and governmental developers, owners and managers, as well as municipalities, contractors, consultants, lenders and investors. We represent Indiana-based clients as well as regional and national clients with activities in Indiana and other states. Through our broad client base, we have substantial experience with an equally broad range of affordable housing and community development projects, including multi-family and single-family residential for families, seniors and special-needs populations, scattered-site/infill, condominiums, permanent supportive housing, lease-purchase, mixed-use, mixed-finance, office, educational, civic/public and retail developments. In connection with securing and closing the financing for these projects, we have substantial experience with numerous Federal and state tax incentives, governmental loan and grant programs, and operating subsidies, many of which may be combined on a single project, such as LIHTC is requesting in this proposal.