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Jordan Carr
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 catalyzes community and economic development through innovative legal solutions for financing low-income housing and historic rehabilitation projects. He navigates complex tax structures and diverse funding sources to help clients maximize the impact of tax credits while balancing the needs of deal constituents.

OVERVIEW

Jordan Carr catalyzes community and economic development through innovative legal solutions for financing low-income housing and historic rehabilitation projects. He navigates complex tax structures and diverse funding sources to help clients maximize the impact of tax credits while balancing the needs of deal constituents.

Clients benefit from Jordan's dedication to finding win-win solutions. His meticulous attention to detail, combined with a big-picture focus, frequently ensures that transactions not only comply with intricate tax laws but also with both his client's objectives and perspectives. His holistic approach to problem-solving fosters smoother negotiations and more successful outcomes.

Representing a wide range of stakeholders – from syndicators to financial institutions – Jordan structures and closes deals involving multiple layers of financing. He adeptly combines traditional loans, federal and state tax credits, HUD and USDA products, bonds, and various subsidies to create viable funding packages. This experience and versatility allow Jordan to tackle even the most challenging and ambitious projects.

Beyond tax credit transactions, Jordan assists developers and operating companies with property acquisitions, financing, and asset management matters. He is at his best when crafting creative deal structures and practical legal solutions across complex initiatives. Jordan's ability and commitment to translating intricate legal and financial concepts into actionable business strategies make him an invaluable asset to those he serves.

Professional and Community Involvement

Co-chair, American Bar Association Forum on Affordable Housing and Community Development’s Tax Credits and Equity Financing Committee

Experience
  • Represented a low-income housing tax credit syndicator in the acquisition of a 99.99% interest in a 328 unit, new construction, mixed use, Opportunity Zone development in Brooklyn, New York with more than 14,000 square feet of commercial space, community service facility and parking facilities and a total budget of more than $237,000,000. The project was financed with more than $100,000,000 of tax credit equity, tax-exempt bonds from the New York State Housing Finance Agency, construction and permanent debt from the New York State Homeless Housing and Assistance Corporation, the New York State Housing Finance Agency, Federal Home Loan Bank and sponsor loans, as well as state rental assistance.
  • Represented a developer in the closing of two side-by-side 9% adaptive reuse low-income housing tax credit projects converting a historic nursing home into a total of 118 units of new housing including 42 supportive housing units using a condominium structure. The projects are funded with low-income housing tax credit equity, historic tax credit equity, permanent debt and sponsor loans.
  • Represented a low-income tax credit syndicator in the acquisition of interests in twinned 4%/9% new construction projects in Chicago, Illinois with combined budgets of more than $68,000,000 creating 89 total units including 55 public housing units anticipated to be converted to RAD Section 8 subsidy under the Faircloth to RAD program.  
 
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