Louis Grimmelbein is an associate in the Washington, D.C. office of Powell Goldstein LLP and is a member of the Tax Practice Group. Mr. Grimmelbein's practice focuses on advising his tax credit syndicator and investor clients on obtaining, selling and maintaining low income housing tax credits, historic tax credits and new market tax credits.

Prior to joining Powell Goldstein, Mr. Grimmelbein practiced at a Washington, D.C. law firm where he represented national and local commercial and non-profit organizations, including apartment building owners, real estate developers and government and non-profit affordable housing associations in negotiating and closing FHA multifamily insured loan financings, low income housing tax credit financings, tax exempt bond financings, Section 236 decoupling transactions, Section 8 rent subsidy increases, and FHA insured loan restructurings. In addition, Mr. Grimmelbein also advised his clients on HUD regulatory compliance matters and regularly represented his clients before HUD's headquarters and local HUD field and Hub offices.

Mr. Grimmelbein's sample representations have included the following:

• A national apartment building owner in their $60,000,000 low income housing tax credit and tax exempt bond refinancing of a California multifamily affordable housing project that required negotiating with HUD headquarters to obtain multiple waivers of various HUD regulatory provisions.

• A New York City government housing association in their $80,000,000 refinancing of their affordable housing portfolio with the use of Section 236 decouplings.

• A local non-profit organization in their purchase of a Colorado affordable multifamily housing project through the use of a mark up to market non-profit transfer under the Section 8 renewal guide.

• A New Orleans non-profit housing developer in their request to transfer a Section 8 rent subsidy contract and affordable housing use agreement from one of their uninhabitable affordable housing projects to one of their habitable housing projects.

• Several commercial banks in negotiating, documenting and closing of their FHA insured loans in the Washington, D.C. metropolitan area.