December 5, 2022

Volume XII, Number 339

Teri M. Guarnaccia

Teri M. Guarnaccia is known for her work on real estate finance transactions, including representation of large institutional lenders. She has a particular focus on the public finance area, where she has acted as underwriter's counsel, borrower's counsel, and bond counsel in numerous tax-exempt and taxable bond financings. Teri has experience with a wide range of financing structures, including traditional fixed-rate, variable-rate, and multimodal structures involving various forms of credit enhancement and liquidity support.

Representative Matters

  • Represented the Fresno Housing Authority in a number of affordable housing transactions involving a variety of funding sources, including Low-Income Housing Tax Credits, the Rental Assistance Demonstration program, public housing and Section 8 funding sources, tax-exempt bonds, various housing program funds, and conventional financing

  • Serves as bond counsel to the State of Maryland

  • Involved in more than 60 innovative public-private partnerships for student housing transactions nationwide, including more than 20 in the State of Maryland

  • Involved in determination and recommendation of alternative municipal financing tools to fund the construction, expansion, or renovation of public facilities, specifically public schools, recreation centers, and historic park buildings throughout Baltimore City

  • Involved in more than 20 Capital Fund Financing Program transactions throughout the country, serving as bond counsel, underwriter's counsel, and special HUD counsel to housing authorities

  • Represented the New York City Housing Authority in the closing of the one of the largest public-private partnership tax credit bond deals in U.S. history, providing approximately $400 million in initial public and private funding for the modernization of more than 20,000 public housing units and an additional $65 million to $75 million each year in federal subsidies for ongoing operations

  • Represented the Puerto Rico Public Housing Administration in connection with the nation's largest Low-Income Housing Tax Credit acquisition/rehabilitation transaction, and the Commonwealth of Puerto Rico's first private activity housing bond issue involving more than $700 million in funds generated for the modernization of more than 4,000 units within 33 public housing developments

Articles in the National Law Review database by Teri M. Guarnaccia