Emma Clouse

Applegate & Thorne-Thomsen’s practice was formed in 1998 through years of representing developers, tax credit syndicators, investors, lenders, public housing authorities and community development organizations in the acquisition, financing, rehabilitation, construction and preservation of affordable housing and revitalization of communities. Serving this broad base of clients affords us a unique understanding of the varied business and legal issues that are integral to this work. We understand the complexity of multi-layered finance transactions and work proactively with our clients to structure transactions. We combine our project management skills with the latest technology, including an interactive web based due diligence site to move transactions toward closing in the most expeditious and cost effective manner. We have significant experience with the application of federal low-income housing tax credits, historic tax credits and new markets tax credits in deals throughout the United States and Puerto Rico and vast experience with HUD grant and loan programs for multifamily housing, public housing redevelopment, transfers of physical assets, loan management and other publicly financed, assisted and insured lending transactions involving multifamily properties. In addition, we are skilled in issues related to affordable senior housing, including the HUD 202 program; public housing revitalization, including HOPE VI mixed finance developments; zoning and land use; FHA-insured multifamily finance programs; Tax-exempt bond financing; TIFs; HOME and CDBG capital funding; state and local finance programs, including trust fund loan and grant programs and entitlements; Section 8 and other operating subsidies; supportive housing for special needs populations, including HUD Section 811; the Federal Home Loan Bank’s Affordable Housing Program; loan and mortgage restructuring, including Section 236 decoupling; regulatory compliance; and property tax exemption complaints