Dana Roper

/My focus

Tax Credit Transactions

I frequently represent developers in transactions involving federal low-income housing tax credits (LIHTCs) and tax-exempt bonds, as well as a variety of subordinate funding sources. In addition to negotiating the financing aspects of these deals, I help developers navigate and combine multiple regulatory schemes in a single transaction.

Joint Ventures

Affordable housing transactions involving partnerships between for-profit developers and not-for-profit developers and/or public agencies are on the rise. I work with my clients to attain their goals for sharing both decision-making authority and risk with their joint venture partners. In particular, I have negotiated joint venture agreements for supportive housing transactions, transactions involving the redevelopment of property owned by faith-based organizations, and transactions involving the rehabilitation of public housing owned by the New York City Housing Authority (NYCHA) under the Rental Assistance Demonstration (RAD) program.

FHA & HUD

My experience as a former attorney for the U.S. Department of Housing and Urban Development (HUD) gives me substantial knowledge and understanding of the Federal Housing Administration (FHA) multifamily insurance programs. I often represent borrowers in closing loans insured by FHA. I also represent developers in securing regulatory approvals from HUD for financing transactions.

/Looking ahead

As federal, state, and local entities continue to adjust to funding constraints, I look forward to working with clients in finding creative methods to finance affordable housing.

/Insights

• “New Construction (Part II) Analysis of Legal and Programmatic Best Practices,” Annual New York State Affordable Housing Conference, May 17, 2023 (Speaker)
• “Getting started: Assessing the market, working with your tax credit agency, and understanding the development process,” IPED’s Learn the Basics: Housing Tax Credits 101, Boston, MA, March 23, 2023
• “Preservation Transactions: Getting Your Deal Closed!” IRHP NYC Affordable Housing Preservation Symposium 2023, New York, NY, March 1, 2023
• “Affordable Housing Title Issues: Sticky Situations and How to Get Yourself Out of Them,” New York State Association of Affordable Housing Preconference, New York, NY, May 15, 2019 (Moderator)
• “Current Issues in Affordable Housing in New York City – The Ins & Outs of New York City Rental Assistance Demonstration (RAD) Transactions”, New York City Bar Association, New York, New York, May 9, 2019 (Program Co-Chair)
• “Affordable Housing and Real Estate Update,” Long Island, New York, March 27, 2019 (Speaker)
• “Faith-Based Development Panel,” Enterprise and Kingdom Faith Developers Faith-Based Development Initiative, Bronx, New York, March 21, 2019 (Panel member)
• “The Rise of Faith Based Development” Panel, National Standard Abstract, Queens, New York, March 5, 2019 (Panel member)
• “Faith-Based Development Panel,” Enterprise and Kingdom Faith Developers Faith-Based Development Initiative, Staten Island, New York, November 28, 2018 (Panel member)
• “Joint Venture Workshop,” Enterprise and Kingdom Faith Developers Faith-Based Development Initiative, New York, NY, September 24, 2018 (Facilitator)
• “A Closer Look at FHA Financing” Housing Issues in Focus, New York, NY, July 11, 2018 (Panelist)
• “Faith-Based Development Panel,” Enterprise and Kingdom Faith Developers Faith-Based Development Initiative, Bronx, New York, April 24, 2018 (Panel member)
• “The Federal Overlay: New York City Transactions,” New York State Association of Affordable Housing Preconference, New York, NY, May 15, 2018 (Moderator)
• “The Latest Affordable Housing News: NY Supportive Housing Updates” Housing Issues in Focus, New York, NY, November 8, 2017 (Speaker)
• “Beyond Policy: Nuts & Bolts of Doing Business with HUD's Office of Multifamily Housing” Housing Issues in Focus, New York, NY, October 27, 2016 (Moderator)
• “What Borrowers Need to Know About FHA’s Revised MAP Guide,” Nixon Peabody webinar, June 15, 2016 (Speaker)