Day Pitney remains committed to providing quality legal counsel, while protecting our clients and employees, and transforming our communities into more just, equal and equitable spaces. For more information, please visit our COVID-19 Resource Center | Racial Justice and Equity Task Force.

×
×
About Day Pitney Careers News Client Access

News

In the News Press Release

Day Pitney Represents Broad Hill Partners in Financing for City Hall Apartments Project in Newark, NJ

Publisher: Day Pitney Press Release
September 21, 2018

Firm Closes Three LIHTC Deals in Three Weeks

Day Pitney LLP represented Broad Hill Partners in connection with its financing for the construction of an affordable housing development known as City Hall Apartments, located in Newark, NJ.

The transaction was financed in part using 9% federal Low Income Housing Tax Credit (LIHTC) that will be used to construct an 84-unit mixed-income project, of which 55% of the apartments will be restricted for affordable housing, and approximately 9,000 square feet of commercial space. In addition to the LIHTC tax credit equity, the developer received private construction financing and a Freddie Mac Permanent DUS loan.

The Day Pitney team representing Broad Hill Partners was led by partner Craig Gianetti and associate Megan Bedell.

This transaction marked the third LIHTC deal closed by Day Pitney in as many weeks. At the end of August, Day Pitney, led by Gianetti, represented Omni America LLC in connection with its acquisition and financing of the Garden Spires and Spruce Spires public housing complexes in Newark, NJ, which included approximately $49 million in LIHTC, among other financing sources. The related press release can be viewed here.

Combined, the deals involved over 700 apartments and over $200 million dollars in financing.

Recommended
"Brightest New Ideas & Hottest Emerging Topics," Northeast Sustainable Communities Workshop

Beth Barton, a partner in the firm's Environmental and Land Use practice, will be speaking at the Northeast Sustainable Communities Workshop on June 23.

June 23, 2021
Northeast Sustainable Communities Workshop, Webinar
“The Transition to the New Release-Based Reporting & Remediation Program: What Happens with the Transfer Act, Brownfields Programs & Then Some?” CBIA’s 2021 Energy & Environment Conference

Beth Barton, a partner in the firm’s Environmental and Land Use practice, spoke at the Connecticut Business and Industry Association’s 2021 Energy & Environment Conference on June 11.


June 11, 2021
Webinar Hosted Event By CBIA
New Jersey Legislature Considers Sweeping New Warehouse Bill
June 3, 2021

Day Pitney Alert

Closed Entry: Special Provisions—Minimizing Risk With a Strong Cannabis-related Lease
April 12, 2021

Peter J. Wolfson, Gemma R. Cashman and Luke S. Pontier authored an article, “Closed Entry: Special Provisions—Minimizing Risk With a Strong Cannabis-related Lease,” for NJBiz.

Land Use Update 2021

On March 17, Partner Craig M. Gianetti moderated the panel, "Land Use Update 2021," for the NJICLE.

March 17, 2021
Energized Trump Probes Pose Problems for Biden
June 28, 2021

Day Pitney Counsel Steven A. Cash was quoted by The Hill, discussing how on the recent release of documents and new investigations into the Trump administration by the Department of Justice, the Justice Department's Office of Inspector General and Congress could potentially pose a challenge for the Biden administration.

Sandra Ferrera Joins Day Pitney Florida Office
February 9, 2021

Sandra Ferrera's move to Day Pitney was featured in the article, "Day Pitney Adds Real Estate Partner to Florida Practice in Law360.

Katharine Coffey Honored as One of NJBiz Forty Under 40
August 18, 2020

Day Pitney Press Release

Craig Gianetti Elected Chair of New Jersey State Bar Association Land Use Law Section
June 17, 2020

Craig Gianetti, a partner in Day Pitney's Real Estate & Land Use group, has been elected to serve as Chair of the Land Use Law Section of the New Jersey State Bar Association (NJSBA).

Real Estate Considerations
May 6, 2020

Jay Mussman authored an article, "Real Estate Considerations," published by South Florida Business Wealth.
Related Professionals
Craig Gianetti
Craig M. Gianetti
Parsippany, NJ
T: (973) 966 8053
New Jersey Hartford Stamford Greenwich New Haven West Hartford Boston
New York Washington, DC Providence Boca Raton Delray Beach Miami West Palm Beach

This website may use cookies, pixel tags and other passive tracking technologies, including Google Analytics, to improve functionality and performance. For more information, see our Privacy Policy. By using our website, you are consenting to our use of these tracking technologies. You can alter the configuration of your browser to refuse to accept cookies, but if you do so, it is possible that some areas of web sites that use cookies will not function properly when you view them. To learn more about how to delete and manage cookies, refer to the support instructions for each browser (e.g., see AllAboutCookies.org). You may locate Google Analytics' currently available opt-outs for the web here.

This website may use cookies, pixel tags and other passive tracking technologies, including Google Analytics, to improve functionality and performance. For more information, see our Privacy Policy. By using our website, you are consenting to our use of these tracking technologies. You can alter the configuration of your browser to refuse to accept cookies, but if you do so, it is possible that some areas of web sites that use cookies will not function properly when you view them. To learn more about how to delete and manage cookies, refer to the support instructions for each browser (e.g., see AllAboutCookies.org). You may locate Google Analytics' currently available opt-outs for the web here.