Jere G. Thompson

Partner
Philadelphia

Jere G. Thompson focuses on affordable housing finance, with an emphasis on multifamily and single family tax-exempt private activity bonds and Low Income Housing Tax Credits (LIHTC). Jere is involved in every aspect of affordable housing financing, representing LIHTC investors, LIHTC syndicators, lenders, developers, and state housing finance agencies.

Jere serves as bond counsel in transactions involving mortgage revenue bonds, multifamily residential rental bonds and exempt facility bonds, and traditional municipal general obligation and revenue bonds, including variable-rate and various types of credit-enhanced financings. He also has extensive experience with derivative products, such as multi-mode bond indentures, dutch auction securities, and securitization of tax-exempt and taxable bonds where bonds are deposited into a trust and derivative products are issued in the form of principal and interest strips. He has been involved in a multitude of financings for variable-rate and interest-rate swaps.

Experience 

Representative Matters

Representative Housing Transactions

  • Pennsylvania Housing Finance Agency – multiple issuances of single family mortgage revenue bonds dating back to 1997 as well as several multifamily housing bond issuances
  • Kamana Elderly Apartments (HI) – an affordable housing development for seniors qualified for $5.2 million in federal low-income housing tax credits and $2.6 million in Hawaii state LIHTCs from Hawaii Housing Finance and Development Corp.
  • South Carolina State Housing Finance and Development Authority – multifamily housing revenue bonds qualifying for LIHTC

Representative Military Housing Transactions

  • Ohana Military Communities, LLC ($60,505,000) Military Housing Revenue Class I Bonds (Marine Corps Hawaii Housing Privatization Project) 2015 Series A
  • Hawaii Military Communities LLC ($843,144,482) Military Housing Revenue Bonds (Navy Housing Privatization Project)
  • Forest City Southern Group, LLC ($127,975,000) Military Housing Taxable Revenue Bonds (Air Force Southern Group Privatization Project) 2011 Series A-1 and ($45,000,000) Taxable Military Housing Revenue Class I Bonds (Air Force Southern Group Privatization Project) 2011 Series A-2
Jere also represents AIG Retirement Systems, Inc. (formerly SunAmerica, Inc.) and Hunt Capital Partners as tax credit equity investor client counsel in connection with new construction and rehabilitation of affordable multifamily housing facilities throughout the United States.

Professional Highlights

Professional Activities

American Bar Association

Pennsylvania Bar Association

Philadelphia Bar Association

National Association of Bond Lawyers

National Council of State Housing Agencies

Credentials 

Education

Vanderbilt University Law School (J.D. 1980)
Research Editor, Vanderbilt Journal of Transnational Law

The Johns Hopkins University (B.A. 1977)

Admissions

Pennsylvania