Harriet’s practice focuses on project finance, affordable housing, taxation, public sector and community development law, including the representation of Community Development Entities in connection with the New Markets Tax Credit (NMTC) program. She has significant experience in representing governmental authorities in the area of eminent domain and redevelopment law and is familiar with a wide range of issues related to the activities, operations and programs of housing authorities. Harriet has experience in tax-exempt bond financing and has been actively involved in the structuring and closing of numerous transactions involving state and federal Historic Tax Credits (HTC) and Low-Income Housing Tax Credits (LIHTC), as well as NMTCs.
Harriet T. Reynolds
Attorney
Education
- Dartmouth College, A.B., 1978
- Boston College Law School, J.D., 1981 Managing Editor, Uniform Commercial Code Reporter
Bar/Court Admissions
- Virginia State Bar
- New York State Bar
- Virginia Supreme Court
- United States District Court, Eastern District of Virginia
Memberships
- Virginia Bar Association
- Norfolk & Portsmouth Bar Association
- Board of Directors, Norfolk Law Library
- Dartmouth Lawyers Association
Community Involvement
- Irene Leach Memorial Foundation (Chrysler Museum)
- Friends of the Norfolk Public Library
- First United Methodist Church (Finance Chairman)
- Garden Club of Virginia
Experience & Presentations
- Represents Community Development Entities (CDEs), financial institutions and Qualified Active Low-Income Community Businesses (QALICBs) in connection with the New Markets Tax Credits program.
- Represents redevelopment & housing authorities, developers and lenders in connection with projects using HOPE VI, Low-Income Housing Tax Credits (LIHTC), and mixed-finance transactions.
- Represents redevelopment & housing authorities in connection with the Rental Assistance Demonstration (RAD) initiative.
- Represents public entities as Issuer’s counsel in transactions involving tax-exempt and taxable bond financing.
- Structured the first NMTC transaction that uses the proceeds of tax-exempt bonds as leveraged debt.
- Structured the first NMTC transaction that utilizes HUD public housing development funds as the source of leveraged debt.
- Experience in HOPE VI, Low-Income Housing Tax Credits (LIHTC), Rehabilitation Tax Credits (state and federal) and mixed-finance transactions.
- Represents developers and lenders in connection with the use of historic rehabilitation tax credits (federal and state) for the redevelopment of residential and commercial buildings.
- Represents entities in the acquisition, financing, development and disposition of real estate.
- Experience in general corporate counseling, including corporate formation and reorganization, acquisition and disposition of corporate assets, tax exemptions and commercial transactions.
- Represents Community Development Entities (CDEs), financial institutions and Qualified Active Low-Income Community Businesses (QALICBs) in connection with the New Markets Tax Credits (NMTC) program.
- Experience in tax-exempt bond financing, Historic Rehabilitation Tax Credits (HTC) and Low Income Housing Tax Credits (LIHTC)
- Experience in the acquisition, financing and development of real estate.
- Represents governmental entities in the acquisition of real property through eminent domain.
- “Bringing Monroe Building Back to Life”, Delphine Carnes and Harriet Reynolds, Annual Report, Norfolk Redevelopment & Housing Authority (January 2013 –June 2014)
Sample Transactions
Badges
Our firm focuses on tax credit finance, affordable housing and community development.
We represent public housing agencies, developers and lenders in connection with all aspects of housing and commercial development initiatives.