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BuzzHouse: Using tax-exempt, high-yield bonds to create workforce housing through private and public sector
Jan. 31, 2023
Baker Tilly's podcast series specifically for professionals in the multifamily housing industry.
On this episode, hosts Don Bernards and Garrick Gibson interview Wade Norris, a partner at the law firm Norris George & Ostrow PLLC, to get his perspective as a leader in the tax and bond finance field. Wade focuses on the 501(c)(3) bond space along with Essential Function Bonds, what they are, how he has seen them in the workforce housing space and what’s unique about these bonds.
To address the workforce housing need, projects in some states were put into public ownership, which generated a real estate tax exemption for extra cash flow to make units more affordable. Wade talks about the risks of these tools and gives advice on how future multifamily housing owners can start their journey.
See Wade Norris's source material for this episode
Special guest
R. Wade Norris, Founding Partner | Norris George & Ostrow PLLC
Wade Norris, a founding partner of Norris George & Ostrow PLLC, is widely recognized as one of the country’s leading experts in the field of multifamily housing bond finance. Since 1977, Wade has been involved in thousands of tax-exempt multifamily housing bond and loan financings totaling billions of dollars in every state in the US, primarily as underwriter's counsel of tax-exempt debt counsel to banks and other private placement purchasers of tax-exempt debt.
