Biography
Jerome Garciano focuses his practice on real estate transactions and financing, affordable housing, renewable energy, green building, sustainability, and tax credits. Jerome, a member of the firm’s Real Estate + Development Group, represents a range of clients, including lenders, equity investors, owners, and developers, for real estate and project finance transactions.
Real Estate Development and Finance
Jerome advises clients in real estate project and finance structuring, and he conducts all related due diligence and transaction documentation. He has extensive experience in assisting clients with finance matters related to development, including handling complex, multi-million dollar loans. He recently represented a national affordable housing lender in connection with a $13 million loan for a 120-unit senior housing U.S. Housing & Urban Development (HUD) Rental Assistance Demonstration (RAD) conversion transaction.
Affordable Housing and Community Development
Jerome represents for-profit and non-profit organizations in affordable housing and community development project finance transactions. He assists in coordinating financing from multiple income sources, enabling projects to succeed. He recently represented a local housing authority developer on a $24 million transaction, utilizing low-income housing tax credits, state housing finance agency financing, and state department of housing subordinate debt.
Renewable Energy and Green Building
Jerome assists clients with renewable energy, microgrid, and energy efficiency project and finance structuring, due diligence and transaction documentation. He has represented a regional bank on a construction loan financing on a 26MW portfolio of distributed generation photovoltaic solar projects throughout the northeastern United States. He regularly contributes to the firm’s LinkedIn group, R+C Sustainability Practice Center.
Tax Incentives and Tax Credit Financing
Jerome advises clients on tax incentives and tax credit financing structures, including tax credits related to low-income housing, historic status, energy investment, and new markets. He provides guidance to clients on all federal and state tax incentives. Jerome has provided assistance with several nonprofit-sponsored real estate transactions financed with New Markets Tax Credit financing, including education, health, and community services facilities. Jerome is a LEED accredited professional and has advised clients on utilizing energy efficiency and renewable energy tax incentives. He recently represented a real estate developer and green builder in the sale and transfer of a state green building tax credit achieving Leadership in Energy and Environmental Design (LEED) requirements. He also works on tax policy initiatives promoting green energy and real estate development.
Jerome is a certified public accountant. Prior to becoming a lawyer, he worked as a finance associate at The Community Builders, Inc., a national nonprofit organization, and at Recap Advisors, a nationally recognized affordable housing financial services firm. In addition, he worked for architectural design firms after graduating from architecture school.
Jerome volunteers with the U.S. Green Building Council’s Legacy Project, which provides a green facilities management training and career track for students and young adults in under-resourced neighborhoods in Boston.