Access to affordable housing is not only an individual right, but is at the core of solving many issues on a community wide scale. It’s satisfying to play a role in this worthwhile mission and contribute my knowledge to the cause of getting beneficial construction projects financed, launched, and completed.
Representing both nonprofit and for-profit developers, Mark Stokely guides clients through every stage of complex affordable housing transactions throughout Washington DC, Maryland, Virginia, and New York. He advises clients on property acquisitions, corporate structuring, mixed-use development, LIHTC transactions and a variety of general real estate matters.
Clients appreciate Mark’s seasoned counsel, excellent organizational abilities, and steady hand in overseeing complex transactions that combine various funding sources, such as federal Low-Income Housing Tax Credits (LIHTC); tax-exempt bonds; commercial, bridge, construction, and leverage loans; and state and local financing vehicles. In addition, Mark has a great deal of experience in using American Rescue Plan Act (ARPA) refunds in affordable housing deals.
Mark smooths the way for clients to overcome challenges presented by highly bureaucratic and ever-evolving regulatory systems in both the private and public sectors. He adeptly manages details and multiple deal components, orchestrates cooperation among involved parties, and engages public servants to gain their buy-in. With strong communication skills, Mark ensures his clients thoroughly understand disparate policies and processes and how the actions of regulatory authorities impact them as they move deals towards the finish line.
