Kutak Rock is Bond Counsel in New Housing for Veterans and Their FamiliesNews | November 6, 2017
Kutak Rock’s affordable multifamily housing group assists veterans and their families to obtain safe and affordable housing in high-cost areas utilizing state and federal programs and the efforts of veteran-related nonprofits. The Omaha, Washington, D.C. and Los Angeles offices, working with the City of Los Angeles, the State of California, California Housing Finance Authority, California Community Reinvestment Corporation, JPMorgan Chase Bank, U.S. Bank, local nonprofit housing corporations, the Veterans Administration and Home Depot’s veterans outreach project, are currently financing the construction of 109 units marketed to veterans and their families, including 46 units for chronically homeless veterans. Two projects in process will provide newly constructed units which will also include on site mental health treatment, counseling and vocational training for veterans to re-enter the workforce and integrate into their communities. This new housing is located near other social services and transportation hubs which allow residents more options for employment, recreation and health care. Kutak Rock serves as bond counsel to the City of Los Angeles, which issues tax-exempt bonds to finance a majority of the acquisition and construction costs. This financing also attracts investor capital from local and national banks which adds to the funds available to construct state of the art housing in a high cost area.
In addition to the work the firm does on behalf of veterans and their families, the firm maintains a military housing privatization practice and a defense infrastructure practice (see links in the right-hand column of this page).