Local governments frequently provide project support utilizing federal funds block-granted to them under the HOME Investments Partnership Program or the Community Development Block Grant program, including CDBG Disaster Recovery (CDBG-DR) funding and Section 108 loan guarantees.
These program rules are complex, particularly when such funds are used in conjunction with LIHTC or other affordable housing financing sources, and as these programs are administered at the state and local level, challenges can often arise in the implementation of HOME, CDBG, or Section 108 funds.
Klein Hornig attorneys are well-versed in assisting public partners to draft financing documents that will avoid tax or audit issues. Where necessary, we can coordinate input from HUD program offices or general counsel in order to convince or reassure local officials.
