Financing Housing Projects in Oregon with 501(c)(3) Bonds

Webinar | April.05.2023 | 2:30pm - 4:30pm (Pacific Standard Time)

Online Webinar - Recording Available

Orrick is hosted a webinar titled Financing Housing Projects in Oregon with 501(c)(3) Bonds on Wednesday, April 5, 2023.

This event focused on: In a market where housing needs continue to escalate yet volume cap and LIHTC are becoming scarce, 501(c)(3) entities provide an alternative means of accessing lower cost capital to fund housing projects. The webinar covered the different ways 501(c)(3) entities in Oregon can utilize 501(c)(3) revenue bonds to finance affordable, mix-income, workforce/middle and other housing projects. The webinar also covered the potential roles of Oregon Housing & Community Services and the Oregon Facilities Authority as statewide issuers and the potential to pair state and local resources with 501(c)(3) revenue bonds.

Speakers included: Michael Schrader (Partner), Barbara Jane League (Partner) and Cathleen Chang (Senior Associate).

Click here to watch the recording and here to view the slides.

Contacts

Michael E. Schrader Partner, Public Finance, Impact Finance and Investment

Portland

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D:+1 503 943 4840
E: [email protected]

Practice:

Finance Sector
Public Finance
Impact Finance and Investment

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Michael E. Schrader Partner

Portland

Michael Schrader is a member of Orrick’s nationally-recognized Public Finance Department. Mike works with state agencies, 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 private activity bond financings. This includes representing Oregon Housing and Community Services and Oregon Facilities Authority in connection with their conduit revenue bond programs. 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.

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.

Barbara Jane League Partner, Public Finance, Tax

Houston; Austin

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D:+1 713 658 6786
E: [email protected]

Practice:

Finance Sector
Public Finance
Tax

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Barbara Jane League Partner

Houston; Austin

Barbara provides tax advice in connection with tax-exempt financing transactions for cities, counties, states, school districts, charter schools, housing authorities, higher education authorities, state agencies and other tax-exempt organizations.

She also has significant experience representing nonprofit organizations. Formerly an attorney with the Chief Counsel of the Internal Revenue Service, Barbara has represented clients before the IRS in a variety of matters involving tax-exempt bonds, including audits and private letter ruling requests. She has participated in all facets of the tax analysis associated with the issuance of governmental purpose bonds, certain tax credit bonds, qualified 501(c)(3) bonds, qualified residential rental bonds and qualified small issue bonds.

Barbara has served on the Steering Committee and has chaired the Working Capital panel and the Bond Direct Purchase - Advanced Tax Topics panel for the Bond Attorneys’ Workshop, the oldest and largest annual gathering of bond lawyers.

Cathleen Chang Senior Associate, Tax, Public Finance

Houston; Austin

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D:+1 713 658 6772
E: [email protected]

Practice:

Finance Sector
Tax
Public Finance

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Cathleen Chang Senior Associate

Houston; Austin

Cathleen focuses her practice on the tax aspects of public finance, which includes representing local governments, state agencies and school districts in connection with infrastructure, financings and related projects.

In public finance matters, Cathleen has served as bond counsel and special tax counsel for a variety of transactions, including health care facilities, multifamily housing, airport, ports, transit authorities, non-profit organizations, public utilities, hospitality projects, as well as tobacco revenue securitizations. In addition to tax-exempt financings, Cathleen also represents clients in IRS audits and non-profit corporation tax matters.

Markets

Portland