Yes For Affordable Housing – The Impact of Oregon’s Measure 102
Michael Schrader is a member of Orrick’s nationally-recognized Public Finance Department and a founding member of the firm’s Portland, Oregon office. Mike works with state agencies, counties, cities, special districts and other local governments, tribal governments and enterprises, and for-profit and not-for-profit borrowers in structuring, negotiating and documenting bond issues, loans and other financing arrangements.
Mike also represents banks and underwriters in connection with the purchase and sale of bonds and other financing and credit-related matters.
A significant portion of Mike’s practice is devoted to financing affordable housing projects. This includes representing Oregon Housing and Community Services in connection with its conduit revenue bond program, along with several local housing authorities. Over the course of his more than 20 years as a bond attorney in Oregon, he has competed dozens of project financings throughout the State with a variety of public and private sponsors, developers and funders.
Mike received the Firm's Community Responsibility Award in 2011 in recognition of his community service and pro bono work. He currently serves on the Boards of Bridge Meadows, a developer, owner and operator of affordable intergenerational housing communities, and the Portland Housing Center, an organization providing educational and financial services to promote homeownership in underserved communities. He also serves as special counsel (pro bono) to Mercy Corps in connection with its Community Investment Trust (CIT) Program and to the Rosewood Initiative in connection with its community redevelopment work.
Before joining Orrick, Mike was a partner at Ater Wynne LLP in Portland. Prior to that, Mike was an associate at Ice Miller in Indianapolis, Indiana.