FILTER ALL PUBLICATIONS
VIEW ALL
 

Jean S. Everett

Member
Direct Dial: 315.701.6486
Mobile Phone: 315.436.6643
Direct Fax: 315.410.1540

Jean S. Everett

Jean S. Everett

Member
jeverett@bhlawpllc.com
Direct Dial: 315.701.6486
Mobile Phone: 315.436.6643
Direct Fax: 315.410.1540
vCard: Add to Address Book

Jean S. Everett

Jean has substantial experience serving as bond counsel to issuers of tax-exempt bonds in New York State including the  New York State Housing Finance Agency, the Dormitory Authority of the State of New York, industrial development agencies and local development corporations and municipal issuers of general obligation bonds. She focuses principally on analyzing the transaction to determine that the interest on the  bonds is eligible to be excluded from income of the holders under Section 103 of the Internal Revenue Code.  Recent bond issuances have financed  the comprehensive redevelopment program for a school district’s public schools; construction or renovation of affordable housing projects that provide supportive services to the tenants; refunding of a manufacturing facility; and facilities for the developmentally disabled owned and operated by six not-for-profit service providers.  Jean regularly assists issuers with responses to IRS audits.

Jean also works with not-for-profit sponsors in affordable housing developments that provide supportive services and include tax-exempt bonds, low-income housing tax credits and often other federal, state and local government subsidies.

She regularly teams with the not-for-profit lender at a regional bank on credit enhancement or directly purchased tax-exempt bonds and other lending transactions with not-for-profit borrowers often involving draw down bonds and interest rate swaps. Working as a team, Jean and the lender have closed on transactions that are compliant with the bank’s requirements, have reasonable legal fees, get to closing quickly and exceed the borrower’s expectations.

Jean is counsel to not-for-profit borrowers in tax-exempt revenue bond transactions including financing for a charter school in Buffalo and financing for renovation of existing independent living facilities and construction of community center.

object(WP_Post)#2668 (24) { ["ID"]=> int(3408) ["post_author"]=> string(1) "2" ["post_date"]=> string(19) "2018-06-02 13:57:19" ["post_date_gmt"]=> string(19) "2018-06-02 17:57:19" ["post_content"]=> string(0) "" ["post_title"]=> string(15) "Jean S. Everett" ["post_excerpt"]=> string(0) "" ["post_status"]=> string(7) "publish" ["comment_status"]=> string(6) "closed" ["ping_status"]=> string(6) "closed" ["post_password"]=> string(0) "" ["post_name"]=> string(14) "jean-s-everett" ["to_ping"]=> string(0) "" ["pinged"]=> string(0) "" ["post_modified"]=> string(19) "2018-06-11 11:10:15" ["post_modified_gmt"]=> string(19) "2018-06-11 15:10:15" ["post_content_filtered"]=> string(0) "" ["post_parent"]=> int(0) ["guid"]=> string(53) "http://bhlawpllc.com/?post_type=attorneys&p=3408" ["menu_order"]=> int(0) ["post_type"]=> string(9) "attorneys" ["post_mime_type"]=> string(0) "" ["comment_count"]=> string(1) "0" ["filter"]=> string(3) "raw" }
  • Bond counsel to City in connection with issuance of $67,265,000 School Facility Revenue Bonds (Syracuse City School District Project) Series 2018A to finance Phase II of the comprehensive redevelopment program (the “Program”) for the Syracuse City School District public schools.
  • Bond counsel to New York State Housing Finance Agency and performed tax review under Code Section 103 in connection with issuance of $68,880,000 Affordable Housing Revenue Bonds, of 2018 Series B (Climate Bond/Certified Green Bonds) and the $19,010,000 Affordable Housing Revenue Bonds, 2018 Series C to finance construction or renovation of three qualified residential rental projects.
  • Represented not-for-profit in financing of renovation of existing independent living facilities and construction of community center funded by tax-exempt revenue bonds issued by local development corporation in an aggregate principal amount of $6,300,000 and negotiation of a 22 year zero payment PILOT agreement given by an industrial development agency.
  • Represented charter school in refunding existing tax-exempt revenue bonds and new money project funded by tax-exempt revenue bonds issued by a local development corporation in an aggregate principal amount of $22,845,000.
  • Represented not-for-profit sponsor, managing member and owner entity in development and financing of a 50 unit affordable residential rental project with  30 units to be rented to individuals recovering from serious mental illness involving 4% low income housing tax credits, tax-exempt revenues bonds issued by, and a subordinate loan from, NYS Housing Finance Agency, a construction period letter of credit, permanent credit enhancement by SONYMA and capital and operating subsidy provided by NYS Office of Mental Health.
  • Represented not-for-profit sponsor, managing member and owner entity in development and financing of a 50 unit affordable residential rental project with units to be rented to developmentally disabled seniors involving 9% low income housing tax credits, construction financing, permanent financing from  Housing Trust Fund Corporation , a grant from the New York State Energy Research and Development Authority and operating subsidy from the New York State Office for Persons with Developmental Disabilities.
  • Represented regional bank in direct purchase of tax-exempt revenue bonds to refinance tax-exempt bonds issued to finance a 150 unit continuing care retirement community secured by mortgage and revenue pledge and parent guaranty.
  • Bond counsel to Dormitory Authority of the State of New York and performed tax review and analysis under Code Section 103 in connection with issuance of $16,190,000 InterAgency Council Pooled Loan Program Revenue Bonds to finance facilities for the developmentally disabled owned and operated by six not-for-profit service providers.
  • Bond counsel to industrial development agency to refund $5,880,000 of tax-exempt revenue bonds used to finance a manufacturing facility.

EDUCATION

  • Suffolk University Law School, J.D., cum laude, 1988
  • Cornell University, B.A., with distinction, 1980

ADMISSIONS

  • New York, 1996
  • District of Columbia, 1995
  • Massachusetts, 1988
  • Pennsylvania, 2012
  • National Association of Bond Lawyers
  • American Bar Association
  • Martindale-Hubbell “BV” Distinguished Peer Review Rated for High to Very High Ethical Standards and Legal Ability
  • Private Activity Bonds Repeal – The True Cost of Tax Reform,” Buffalo Law Journal, December 2017
  • Co-Author, “Impact of Tax-Exempt Bond Rules on Alternate Uses of School Facilities,” The Reporter, NYS Association of School Board Officials, Summer 2014
  • Co-Author, “The Case of Gibson Plaza: Preserving Affordability in the Nation’s Capital,” Journal of Housing and Community Development, June 2011
  • “Impact of Tenant Bankruptcies,” National Association of Produce Market Managers, May 2, 2005
  • “Public/Private Development Partnerships,” Lorman Education Services, December 2004


Contact Us at 315-422-1500 or email us at info@bhlawpllc.com

CONTACT US
Thank you for your inquiry. We will direct your matter to the appropriate practice group and/or attorney and respond as quickly as possible.
© 2014 Bousquet Holstein PLLC    Disclaimer     Site Map     Privacy Policy
ATTORNEY ADVERTISING Prior Results Do Not Guarantee a Similar Outcome
110 West Fayette Street, One Lincoln Center, Suite 1000 Syracuse, NY 13202-1190