Carolyn W. Scogin

Shareholder

Carrie joined Blanco Tackabery in 2001. Her practice focuses on representation of nonprofit and for-profit organizations in the development and operation of multifamily affordable housing projects. Carrie counsels clients in connection with the development of multifamily housing projects financed with federal and state low-income housing tax credits, tax-exempt bonds, federally insured mortgage financing, Fannie Mae and Freddie Mac multifamily financing, and various other funding programs, including the HOME Investment Partnerships program, the Community Development Block Grant (CDBG) program, USDA Rural Development loan programs, the Federal Home Loan Bank Affordable Housing Program, and state supportive housing programs.

Areas of Focus

Multifamily affordable housing project structuring, financing and compliance
Nonprofit law
Representation of nonprofit multifamily property owners in their qualification for federal tax exempt status

Financing of multifamily housing projects and health care facilities utilizing U.S. Department of Housing and Urban Development (HUD) loan programs
Multifamily project acquisition and disposition, including HUD Transfer of Physical Assets (TPA) approval and Year 15 low-income housing tax credit dispositions

Experience
Practice Highlights
Professional & Civic Activities

Carrie counsels clients in all aspects of affordable housing transactions. With representation often commencing at a project’s planning stage, Carrie advises clients with respect to tax credit application submittal, entity organization, deal structure, and real estate acquisition, including zoning and title issues. Her practice includes advising clients with respect to ongoing operational issues, as well as planning for and implementing the disposition of multifamily housing projects. In addition to affordable housing transactions, Carrie has represented purchasers, sellers, developers and financial institutions in all phases of commercial real estate transactions.

Prior to joining the firm, Carrie completed a two-year judicial clerkship for the Honorable K. Edward Greene, North Carolina Court of Appeals Judge.

Representation of nonprofit developer in the acquisition and development of a multifamily rental housing project originally designed as market-rate condominiums, and acquired and developed as multifamily rental housing utilizing a combination of Neighborhood Stabilization Program (NSP) funds, federal and state low-income housing credits and local government funds
Representation of nonprofit organization in obtaining federal tax exemption in connection with the ownership, development and operation of a housing campus designed to serve young adults aging out of foster care, adults on the autism spectrum and homeless families with minor children
Representation of housing management companies with large regional multifamily HUD, USDA Rural Development and LIHTC portfolios
Representation of a for-profit developer in the structuring and development of a multifamily housing project financed by combining state and federal low-income housing tax credits with funds secured through the U.S. Department of Housing and Urban Development Section 108 Loan Guarantee Program

American Bar Association, Member