Columbia partner Ray Jones wrote a guest article in Law360 analyzing a massive affordable housing deal that Parker Poe helped orchestrate.

After noting how developers in South Carolina and across the country are having a difficult time making the numbers work for affordable housing, he described the solution that Greystone Affordable Housing and Boyd Management demonstrated recently. They closed a complex, multimillion-dollar deal in late July that will result in the rehabilitation of hundreds of low- to moderate-income housing units throughout South Carolina.

Ray detailed how the transaction couples a tax-exempt bond deal with a federally guaranteed long-term loan in order to secure the lowest financing cost possible. He and his team handled the tax-exempt bond part of the deal. Parker Poe has a long history of serving as bond counsel in the Carolinas, working with local governments to get bonds approved and handle tax diligence.

Subscribers can read the full article here. Law360 has more than 1 million newsletter recipients each day and is among the most trusted sources in the legal industry.