Delphine G. Carnes

Delphine G. Carnes’s practice focuses on tax credit finance, affordable housing and community development. She advises redevelopment and housing authorities in complex revitalization efforts, including mixed-finance transactions using HOPE VI funds, LIHTC, and public and private sources of capital.

She represents public housing agencies, developers and lenders in connection with all aspects of housing and commercial development and redevelopment initiatives, with an emphasis on transactions using Low-Income Housing Tax Credits, New Markets Tax Credits, state and federal historic rehabilitation tax credits, tax-exempt bonds, HUD financing, grant funds, conventional loans, and/or subordinated debt.

She also assists housing authorities with the conversion of public housing units to project-based Section 8 programs through the Rental Assistance Demonstration (“RAD initiative”). Delphine has been involved in the NMTC program since its inception, representing Community Development Entities, financial institutions and developers in transactions that often combine federal and state tax incentives with other financing sources.

Education:

• T.C. Williams School of Law at The University of Richmond, J.D., magna cum laude, 2002
• Nanterre University, Paris, France, Law Graduate Degree, European Union Law, Valedictorian, with high honors, 2000
• Sorbonne University, Paris, France, Law Graduate Degree, English and American Business Law, with honors, 1999

Bar/Court Admissions:

• Virginia State Bar
• District of Columbia Bar
• Virginia Supreme Court
• United States Supreme Court
• United States Court of Appeals for the Fourth Circuit