John A. Erich is a shareholder in Reinhart's Real Estate and Business Law Practice Areas. He has been practicing with the firm since graduating from the University of Chicago Law School in 1972.
John concentrates in the areas of commercial real estate development and finance with a special emphasis on structuring transactions using the Low-Income Housing Tax Credit (LIHTC) and the New Markets Tax Credit (NMTC) to raise equity. John's clients include developers (for-profit and nonprofit), equity investors, lenders and nonprofit organizations. John also represents Qualified Active Low-Income Community Businesses (QALICBs), Community Development Entities (CDEs), NMTC equity investors and senior lenders in NMTC financings.
Representative Matters and Experience
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Represented a for-profit developer in partnership with a public housing authority in the acquisition and rehabilitation of a public housing project using LIHTC, Section 8 project-based vouchers, public housing rent subsidy, Capital Fund Financing Program (CFFP) financing and conventional construction financing
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Represented a for-profit developer in partnership with a nonprofit housing association in the acquisition and rehabilitation of an affordable housing project using LIHTC, USDA rental assistance, subordinated USDA permanent financing, subordinated municipal permanent financing and tax-exempt bonds
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Represented a CDE in closing the first Qualified Equity Investment (QEI) under the NMTC program in the state of Wisconsin
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Represented a minority-owned supermarket chain (QALICB) in an NMTC financing to redevelop a shopping center in Milwaukee's central city; the QALICB was honored as the Minority Business Enterprise of the Year
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Represented an NMTC equity investor in an NMTC financing to acquire and redevelop a community health center
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Represented a nonprofit developer in the acquisition and rehabilitation of two affordable housing projects for the elderly using LIHTC, Section 1602 and 1603 stimulus funding, project-based Section 8 rent subsidy and HUD-insured permanent financing
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Represented a CDE in the allocation of NMTC to a manufacturer (QALICB) for the purpose of expanding, rehabilitating and equipping its manufacturing facility
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Represented a CDE in the allocation of NMTC to a nonprofit children's museum (QALICB) for the purpose of expanding and rehabilitating the museum
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Represented a manufacturer (QALICB) in an NMTC financing to develop a new manufacturing facility
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Represented a shipbuilding company (QALICB) in an NMTC financing to expand and equip its shipyard
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Represented an institutional investor in making equity investments in funds which generate state low-income housing tax credits
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Represented a for-profit developer in partnership with a public housing authority in the acquisition and redevelopment of a public housing project and its surrounding neighborhood using LIHTC, Hope VI funding, Section 8 project-based vouchers, public housing rent subsidy, AHP financing from the FHLB of Chicago and conventional construction and permanent financing
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Represented a nonprofit developer in the acquisition and rehabilitation of an historic hotel to provide affordable housing for the elderly using LIHTC, Section 1602 and 1603 stimulus funding, project-based Section 8 rent subsidy, AHP financing from the FHLB of Chicago and conventional construction and permanent financing
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Represented numerous owners and developers of multi-family housing using HUD-insured mortgage programs for refinancing and new development
Accolades
Affiliations/Memberships
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American Bar Association
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State Bars of Wisconsin, Arizona and Colorado
- The Millennium Housing Foundation, Inc. (officer and director)
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Legacy Redevelopment Corporation (director)
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Waveland Community Development, LLC (advisory board member)
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Phoenix Community Alliance (member)
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Federal Home Loan Bank of Chicago Community Investment Advisory Council (member 2004-2006)
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ABA Forum on Affordable Housing and Community Development Law (member)
Education
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J.D., University of Chicago Law School
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A.B., magna cum laude, Ripon College; Phi Beta Kappa; Breunig Prize in Philosophy