Wayne H. Hykan is a partner in the Real Estate Department, contact partner for the Tax Credits Group, and a member of the Commercial Real Estate Recovery, Housing, P3/Infrastructure, Real Estate Finance, and Real Estate Tax Groups. He focuses his practice on real estate and finance transactions, especially those involving affordable housing, mixed-use development, and community development.
Mr. Hykan has represented investors, syndicators, developers, and commercial lenders in real estate finance projects, including mezzanine debt, tax-exempt financing, and public/private partnerships involving Low Income Housing Tax Credits. His practice extends to advising clients in other matters related to the affordable housing industry, such as environmental issues, workouts, bond financing, and HOPE VI financing.
Representative Matters
- Represented a buyer in connection with acquisition of multiple portfolios of credit-enhanced tax credit funds that had invested in hundreds of affordable-housing tax credit projects
- Represented the New York City Housing Authority in connection with tax credit aspects of its financing and redevelopment of more than 14,000 units of public and other affordable-housing units
- Represented a co-developer in connection with the syndication of tax credits for 80-20 project in New York City
- Represented the Commonwealth of Puerto Rico on the revitalization of a portfolio of over 3,000 units of public housing using federal Low Income Housing Tax Credits and tax-exempt bonds
- Represented a tax credit investor in the financing of the renovation of a historic bank building in downtown New Orleans using federal and state historic tax credits, federal Low Income Housing Tax Credits, and CDBG funds
- Represented an affordable-housing developer in connection with corporate financing from a major investment bank
- Represented a developer in connection with the historic redevelopment of a hotel in downtown Baltimore
- Represented a public housing authority in financing high-performance building improvements for public housing using energy performance contracts, tax-exempt bonds, and federal Low Income Housing Tax Credits