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OVERVIEW

Jordan R. Carr
Partner

Columbus

41 S. High Street
Suite 3300
Columbus, OH 43215-6104

P 614-628-1434

F 614-628-1433

OVERVIEW

Jordan R. Carr
Partner

Columbus

41 S. High Street
Suite 3300
Columbus, OH 43215-6104

P 614-628-1434

F 614-628-1433

Jordan Carr focuses primarily on community and economic development, including low-income housing, new markets and historic-rehabilitation tax credits. Jordan is dedicated to ensuring a negotiation process that considers the needs of all deal constituents and in finding a way to make his client’s position work for the other side.

OVERVIEW

Jordan Carr focuses primarily on community and economic development, including low-income housing, new markets and historic-rehabilitation tax credits. Jordan is dedicated to ensuring a negotiation process that considers the needs of all deal constituents and in finding a way to make his client’s position work for the other side.

Jordan represents syndicators, investors, funds and financial institutions in the acquisition, financing, sale and disposition of interests in real estate developments, as well as in the acquisition of equity interests in low-income housing tax credit and historic-rehabilitation tax credit projects. These transactions frequently involve a variety of funding sources, such as traditional construction and permanent loans, state and federal tax credits, equity, HUD- and USDA Rural Development-insured loan products, tax-exempt and taxable bonds, Section 8 and USDA Rental Assistance subsidies, nonprofit and governmental grants, and a variety of state and local loan programs.

In addition, Jordan represents developers and operating companies in various matters, including property acquisitions and dispositions, financing and refinancing real property and equipment, asset management and obtaining and granting easements. He also advises on the negotiation of commercial leases and subleases on behalf of tenants and landlords.

Jordan is at his best when working with clients on initiatives that involve challenging problem-solving, creative deal structures, complex tax code issues and designing practical solutions that are actionable to his client. Although Jordan is meticulous when it comes to understanding and incorporating the details, he is also focused on the bigger picture both from his client’s perspective and their client’s perspective. 

Professional and Community Involvement

Member, American Bar Association Forum on Affordable Housing and Community Development

Member, Ohio State Bar Association

Experience
  • Represented a low-income housing tax credit syndicator in the acquisition of an interest in a 135 unit, new construction, supportive housing development in Brooklyn, New York, targeted to homeless veterans. The project was financed with tax credit equity, 4 percent tax-exempt bonds from the New York State Housing Finance Agency that were credit enhanced with a letter of credit from The Bank of New York Mellon, construction and permanent debt from the Office of Mental Health, New York State Homeless Housing and Assistance Corporation, the City of New York and the sponsor, as well as Section 8 and state rental assistance.
  • Represented a developer in the refinancing and conversion of a market-rate multifamily housing development to dedicated workforce housing using a mix of traditional permanent debt and North Dakota Housing Incentive Funds.
  • Represented a low-income tax credit syndicator in the acquisition of an interest in a 279 unit Rental Assistance Demonstration acquisition and rehabilitation project financed with an FHA 221(D)(4) first mortgage, 4 percent tax-exempt bonds, tax credit equity and sponsor loans.
EXPERIENCE
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