I’m gratified that my work has a direct and tangible impact on people’s lives. I find it highly rewarding to be a member of a team that delivers housing and other valuable community facilities. Even small-scale projects make large improvements to neighborhoods and the lives of those who benefit from them.
With more than two decades of experience in affordable housing, Aaron O’Toole represents clients in multifamily rehabilitation and new construction projects involving a variety of finance tools, including Low Income Housing Tax Credits (LIHTCs), historic tax credits, state credits, and tax-exempt bond financing. He handles complex multiple-financing transactions related to the preservation of expiring use properties, restructuring of troubled HUD-financed properties, 4% and 9% tax credit subsidy facilities, and projects that encompass a mix of residential and commercial uses. Additionally, Aaron represents nonprofit organizations utilizing New Markets Tax Credits (NMTC) to finance community development facilities such as charter schools and health centers.
Although Aaron advises clients on issues nationwide, a considerable part of his practice is focused on the District of Columbia, Maryland, and Virginia. He brings in-depth familiarity with the District’s funding agencies and local laws governing cooperative and condominium conversion, rent stabilization, tenant purchases, tax exemptions, and general landlord/tenant issues. Aaron’s deep knowledge of the area’s systems and connections with government agency officials enhance his ability to drive transactions quickly and efficiently.
As a problem solver who works to anticipate potential pitfalls, Aaron enjoys the challenge of coordinating and structuring multifaceted transactions that comprise many participating organizations and several moving parts. He finds that each project is unique and presents a new twist that requires a creative solution. Aaron applies his deep understanding of the maze of regulatory requirements, closely monitoring deals and steering them to their closings. Drawing on strong communication skills, he listens to and interprets all involved parties’ concerns, distills them down into key issues, and works to obtain consensus on the best ways to resolve them.
