EXAMPLES OF OUR WORK
Please read the descriptions of our work to learn more about the variety of private and public financing structures, housing types and tenures, redevelopment projects, programs and transactions, land use, fair housing, and corporate and public agency administrative issues regularly handled by our attorneys in our Oakland, Los Angeles and San Diego, CA offices: Tax Credits, Redevelopment Plans, Redevelopment Transactional
AFFORDABLE HOUSING
The Altenheim. Goldfarb & Lipman represented the nonprofit developer of this award winning senior housing development in Oakland, California. The first phase of the project involved extensive rehabilitation of a 1908 classic revival historic building, now listed on the National Register of Historic Places. A second phase of development consists of new-construction senior housing. Financing sources included the City of Oakland, low income housing tax credits, and historic tax credits. We worked with the developer in subdividing the property and preparing Reciprocal Easement Agreements among the lot owners, and negotiating long-term ground leases, project financing and syndication.
To read more about the development, please visit the following website:
OHA THE ALTENHEIM (PDF)
Villa Victoria. Goldfarb & Lipman represented the nonprofit developer of this development which consists of 54 townhome-style rental apartments nestled in a larger community of over 500 residential homes and hugging a 36-hole championship golf course in Oxnard, California. Half of the townhomes are reserved for farmworker families. Financing sources for Villa Victoria were both public and private, including the USDA, State of California’s Housing Finance Agency (CalHFA), City of Oxnard, private lender (bank), and low income housing tax credits.
Please visit the two web sites below for more information on Villa Victoria:
NEF VILLA VICTORIA (PDF)
Lion Creek Crossings (Coliseum Gardens). The Oakland Housing Authority received a major HOPE VI grant to revitalize the Coliseum Gardens public housing development located in Central East Oakland. The new Lion Creek Crossings consists of up to 440 new units that are being constructed in several phases, three of which have been completed. Along with the replacement of all 178 of the original public housing units within the larger tax credit development, Lion Creek includes Section 8 units and planned homeownership units. Approximately 65 of the public housing units and tax credit units have been developed off-site. This project involved public housing disposition and extensive land acquisition, including a land exchange with the City of Oakland resulting in the restoration of a public park adjacent to the development. The first three phases have been financed with State Multifamily Housing Program (MHP) funds and 4% tax credits in addition to Housing Authority Funds and other funds. Goldfarb and Lipman represented the Housing Authority on all aspects of this public housing redevelopment project, from drafting and negotiating the master development agreement with the development team to completing multiple-mixed finance closings with HUD. We helped the Housing Authority successfully navigate a myriad of transactional matters essential to the completion of the development, including land acquisition, relocation, environmental remediation, predevelopment, construction and permanent financing agreements, participation of an affiliate in the tax credit partnerships owning the development, and option and right of first refusal agreements in favor of the Authority.
To learn more about the development, please visit:
LION CREEK CROSSING (PDF)
North Beach Place. Goldfarb & Lipman represented the San Francisco Housing Authority in this HOPE VI public housing revitalization in the heart of the Fisherman’s Wharf area of the City. The development team included the Housing Authority and local nonprofit and for-profit developers. After disposition, the site was developed as a mixed-use project with 341 new public housing, Section 8, and tax credit units, and 20,000 square feet of commercial space. Our firm was actively engaged over a period of several years in helping the Authority develop a complex and sophisticated project — from the demolition of 2 blocks of existing public housing units, to the negotiation of the documents governing the operation and ongoing subsidy of the public housing units within the project, to the closing of approximately $100 million of public and private construction and development financing with HUD and the other funding sources. North Beach Place was named the “best implementation of New Urbanism in the U.S. utilizing affordable housing.”
To learn more about the development, please visit:
Homebricks, Inc. Homebricks is a nonprofit corporation created to support affordable ownership housing opportunities for working families. The Corporation works with homebuyers, housing developers, and local governments. For the homebuyer, the Corporation offers guidance on the house-buying process and provides access to homeowner education, credit counseling, lenders, and information and applications for available properties. Homebricks helps local governments by administering and monitoring their first time homebuyer programs and in screening and selecting qualified homebuyers. The Corporation works with developers and builders who are meeting cities’ inclusionary and redevelopment housing requirements to market their affordable units. Our firm assisted in corporate formation, advised on establishing systems for the homebuyer application process, and provides ongoing counsel on matters relating to tenant selection, resale of properties, local preferences, Fair Housing, and broker and lender issues.