Christine Waldmann Carmody is a partner in the Financial Services Practice Group of Pepper Hamilton LLP, resident in the Washington office. Ms. Carmody also is a member of the firm’s Affordable Housing and Community Development Practice Group.
Ms. Carmody concentrates her practice in real estate and commercial project finance, specifically in the representation of lenders and developers in connection with the acquisition, construction, substantial rehabilitation and refinancing of affordable and market rate multifamily housing and health care facilities.
Ms. Carmody leads the firm’s efforts with respect to FHA’s MAP and LEAN lending programs. She coordinates closings throughout the U.S. for lenders providing financing for multifamily housing projects and health care facilities pursuant to FHA insurance programs, including Sections 220, 221(d)(4), 223(a)(7), 223(f), 232 and 241(a) of the National Housing Act, with particular expertise in complex structures including those with Low Income Housing Tax Credits, Historic Tax Credits, taxable and tax-exempt bonds, secondary financing from state and local sources, bridge loans, Section 8 contracts, HOPE VI funds, 202 and 236 Use Agreements, and/or mezzanine financing. Ms. Carmody also has closed several LEAN portfolios, and has extensive experience with A/R Financing and Master Leases in connection with FHA financing. In addition, she has assisted lenders in acquiring their FHA MAP and LEAN licenses, as well as Ginnie Mae Issuer approval, and provides guidance on post-closing servicing issues such as TPAs.
Ms. Carmody’s recent publications include:
- “Owner Blazes New Trail in Restructuring Old Section 202 Loan” (co-author), Affordable Housing Finance Magazine (May 2005)
- “Mixed Finance Rules and Capital Leverage Financing Update”, presented at the New Jersey NAHRO Annual Meeting, Seaview, New Jersey (November 2004)
- “Pennsylvania Capital Fund Securitization Moves Ahead” (co-author), Housing Bond Report (October 2004).
Ms. Carmody graduated cum laude from Wellesley College in 1989 and from Georgetown University Law Center in 1995. She was a projects editor of the American Criminal Law Review and a Housing and Community Development Clinic participant at the Harrison Institute for Public Law.
Ms. Carmody is admitted to the bar in Maryland and the District of Columbia. She is a member of Women in Housing and Finance and the ABA Real Property Committee on Financing of Affordable Housing, and runs the Wellesley Lawyer’s Network in DC.