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  • University of California, Berkeley School of Law, J.D., 1979; California Law Review; Order of the Coif
  • University of California, Los Angeles, M.A., 1967; B.A., 1965
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  • District of Columbia
  • Maryland
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  • U.S. Supreme Court
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  • District of Columbia
  • Maryland
professionalsBio
Michael Lee
Special Counsel
Suite 600
499 S Capitol St SW
Washington, D.C. 20003
410.296.1735 tel
202.203.0000 fax

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Michael Lee is special counsel in the firm's Business & Commercial Transactions Practice Group and practices from the firm's Washington, D.C. office. He represents real estate developers and investors, other businesses, nonprofit organizations and public institutions on tax, real estate, and other transactional matters. He has a very active practice in New Markets Tax Credits and other federal tax incentives for economic development targeted primarily to low-income communities. Mr. Lee has more than 30 years of experience in tax-exempt bond financing, affordable workforce housing, and the formation and taxation of exempt organizations.

In New Markets Tax Credit transactions, Mr. Lee has represented primarily borrowers and also financial institutions in various roles. He assists in structuring the transactions, addresses complex tax issues, and negotiates and documents the specifics of each deal.

Mr. Lee's bond financing practice has included section 501(c)(3) bonds, Enterprise Zone bonds and tax credit bonds (such as Qualified School Construction Bonds). He typically represents borrowers rather than issuers, underwriters or providers of credit enhancement. He has extensive experience on the tax aspects of bond financing and also negotiates and drafts the transactional documents.

In the affordable housing area, Mr. Lee has assisted universities and other nonprofit clients in planning or implementing affiliated workforce housing projects in Washington, D.C., California, New York, Hawaii, Mississippi, and New Jersey.

Mr. Lee's exempt organization practice has included providing analysis and advice for universities and other nonprofit clients on issues relating to a wide variety of facilities and programs, including employee housing, student housing, multifamily housing, recreation centers, research facilities, health care, headquarters facilities, student loans, and other matters.

Representative Matters

  • Financing the renovation of a public charter school campus facility in Washington, D.C. with two rounds of New Markets Tax Credit financing and the issuance of Qualified School Construction Bonds
  • Financing a mixed-use development near the campus of Jackson State University in Mississippi with two rounds of New Markets Tax Credit financing
  • New Markets Tax Credit financing of a mixed-use residential/retail development in Washington, D.C.
  • New Markets Tax Credit financing of a for-sale housing development in Washington, D.C., which was one of the first to use the credits for this purpose
  • New Markets Tax Credit financing of two manufacturing facilities, a restaurant rehabilitation, construction of a retail outlet mall, and construction of a rural hospital in Mississippi
  • New Markets Tax Credit financing of a homeless shelter and service facility in Mobile, Alabama
  • Representation of a large regional bank with respect to its equity investment in a New Markets Tax Credit fund organized to make investments in low-income community businesses
  • Assistance to a developer in organizing a Community Development Entity and successfully obtaining a New Markets Tax Credit allocation for a hotel project in Washington, D.C.
  • Tax-exempt section 501(c)(3) bond financing for land acquisition and construction of a new headquarters facility in downtown Washington, D.C., for a prominent international think tank
  • Tax-exempt section 501(c)(3) bond financing of research and administrative facilities for a nonprofit biotech research institute in Rockville, Maryland
  • Tax-exempt section 501(c)(3) bond financing of a new headquarters facility for a private foundation in Loudoun County, Virginia

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