Angela M. Christy is a partner in Faegre & Benson’s real estate group in Minneapolis. Angela’s practice focuses on housing, particularly affordable housing. She has represented non-profit and for-profit developers, investors and governmental entities in more than 250 low-income housing tax credit transactions throughout the United States. She also has represented numerous contractors and developers regarding construction documents for housing, office buildings and other developments. Angela is a Minnesota Certified Real Property Specialist and a lecturer at local and national seminars on affordable housing and other real estate topics. Housing Most of Angela’s clients develop projects with many layers of financing. In her practice, Angela assists clients in structuring developments to assure the compatibility of various financing sources. As a real estate practitioner, she focuses on creating real estate structures that are compatible with the financing. This results in the use of condominiums, townhouses, leasehold cooperatives, vertical plats, use restrictions and easements and unique subdivisions and plats. The developments include projects for homeless youth, chronic alcoholics, and mixed-income developments. She has also worked extensively with townhouse style development in rural communities and scattered site developments on Indian land. Angela has also worked extensively on preserving important historic buildings as both affordable housing and luxury condominiums.Federal Programs Angela has represented clients in working through the maze of ever-changing federal programs. Her projects have included: Low-income housing tax credits HOME funds Section 8 CDBG Federal insurance Historic tax credits Façade Easements Tax increment financing Supportive Housing Program Public housing funds HOPWA NAHASDA Housing revenue bonds 501(c)(3) bonds New markets tax credits Numerous state and local financing programs Non-Profits Many of Angela’s clients are owners and developers of the largest non-profit housing developments in Minnesota. Through the use of tax credits, 501(c)(3) bonds and other affordable housing tools, she has assisted non-profits in a variety of innovative housing developments, including East Village in Minneapolis, Many Rivers in Minneapolis, Collaborative Village in Minneapolis, Paris Pork in Marshall, Skyline Tower in Saint Paul, Franklin Portland Gateway in Minneapolis, Central Square Apartments in St. Peter, The Glenwood and Evergreen in Minneapolis, Midtown Exchange in Minneapolis, Grand Apartments in Olivia, and Park Plaza in Minneapolis. Angela has been involved in efforts with the Internal Revenue Service to clarify the participation of non-profit housing corporations as general partners of tax credit limited partnerships. Indian Land Angela has represented more developers of tax credit projects on Indian land than any other attorney in the country. She has worked with HUD to resolve inconsistencies between the NAHASDA program and the tax credit requirements |