Edward O. Henneman, Jr.

Partner

200 East Saint Julian Street
PO Box 9848
Savannah, GA 31412-0048

Tel 912.236.0261
Fax 912.236.4936

Ted Henneman is a partner in the Savannah office of HunterMaclean and practices in the area of real estate development, with a focus on affordable housing and financing through the use of I.R.C. § 42 Tax Credits.

Ted has over twenty-three years’ experience in the field of affordable housing financing through the use of federal and state tax credits. In addition, Ted has specific experience closing HUD-supported mixed financed projects, including projects financed in part though HUD’s HOPE VI program, and other forms of PHA-sponsored redevelopment plans. Ted has experience closing tax-exempt bond financed projects, transactions involving the transition of public housing units to Rental Assistance Demonstration (RAD) Units, HUD 221(d)(3) and (4) loans, HOME financing (both through the Georgia Department of Community Affairs and otherwise), and Federal Home Loan Bank financing. Ted represents profit, nonprofit, and 501(c)(3) companies in the development of affordable housing, multifamily housing, and mixed-use projects.

In addition to his affordable housing work, Ted has a general commercial real estate practice. He has participated in the development of several commercial and office parks, the development and construction of market rate apartment complexes, mixed-use developments consisting of both housing and commercial components, and commercial building renovation and rehabilitation. He has vast experience in real estate matters and is an authorized title insurance agent for Fidelity Title Insurance Company and First American Title Insurance Company.

Ted received his B.A. from Colgate University in 1989 and his J.D., cum laude, from the University of Georgia School of Law in 1994. He is a member of the Georgia Affordable Housing Coalition, the Savannah Bar Association, and the Real Property Law Section of the State Bar of Georgia.


Experience

Representative Engagements

  • Represented a developer in the new construction of a 108-unit multifamily rental housing project located in Atlanta, Georgia. Financing included a $7,032,700 FHA Insured 221(d)(4) loan, subordinate financing, and state and federal low-income housing tax credits. The project closed in May 2019.
  • Represented a developer in the new construction of a 90-unit multifamily rental housing project located in Atlanta, Georgia. Financing included a $2,940,00 FHA Insured 221(d)(4) loan, subordinate financing, and state and federal low-income housing tax credits. The project closed in May 2019.
  • Represented a developer in the rehabilitation of a 166-unit multifamily rental housing project located in Atlanta, Georgia. Financing included a $5,700,000 FHA Insured 221(d)(4) loan, subordinate financing, and state and federal low-income housing tax credits. The project closed in June 2018.
  • Represented a developer in the rehabilitation of two housing developments into one 210-unit scattered site multifamily housing project located in Atlanta, Georgia. Financing included a $13,738,300 FHA Insured 221(d)(4) loan, subordinate financing, and state and federal low-income housing tax credits. The project closed in May 2018.
  • Represented a developer in a Savannah Housing Authority redevelopment project consisting of 280 units located in Savannah, Georgia. Financing included a $5,000,000 FHA Insured 221(d)(4) loan, subordinate financing, and state and federal low-income housing tax credits. All 280 units consisted of former public housing units converted to RAD Units under HUD’s Rental Assistance Demonstration program. The project closed in June 2016.
  • Represented a developer in the Gainesville Housing Authority’s redevelopment of a scattered site project located on six separate parcels consisting of 200 units and the rehabilitation of 54 buildings. The six parcels were ground leased to the partnership by the Gainesville Housing Authority. The project included the conversion of existing public housing units to 200 RAD Units. Financing included tax-exempt bonds issued by the Housing Authority of the City of Gainesville, Georgia, and the syndication of 4% tax credits. The project closed in October 2019.
  • Represented a developer in the redevelopment of the two housing developments comprising the affordable housing component of the East Lake project in Atlanta, Georgia. The pre-existing East Lake I and East Lake II projects were combined as one project consisting of 547 units. Both sites were ground leased to the partnership by the Atlanta Housing Authority. The project included the conversion of public housing units to 271 RAD Units under a PBV HAP contract. Financing included tax-exempt bonds issued by Urban Residential Finance Authority of the City of Atlanta, Georgia, and equity from the syndication of 4% tax credits. The project closed in November 2019.
  • Represented a developer in the redevelopment of a single-building high-rise apartment complex containing 149 units in Atlanta, Georgia. The site was ground leased to the partnership by the Atlanta Housing Authority. All public housing units in the project were converted to RAD Units under a RAD PBV HAP contract. The project closed in November 2016.
  • Represented a developer in the redevelopment of a public housing development in Savannah, Georgia. The project consisted of the new construction of a 72-unit housing development. The site was ground leased to the partnership by the Savannah Housing Authority. The site contained 24 RAD Units governed by a HAP contract. The project closed in April 2016.
  • Represented a developer in the redevelopment of a public housing development in Savannah, Georgia. The project consisted of the new construction of a 100-unit housing development. The site was ground leased to the partnership by the Savannah Housing Authority. The site contained 36 RAD Units governed by a HAP contract. The project closed in December 2016.
  • Represented our client in a RAD conversion of its entire portfolio of projects with the Atlanta Housing Authority.
  • Represented a development team in the new construction of a 156-unit development located in Charlotte, North Carolina. Financing included tax-exempt bonds issued by Inlivian, f/k/a Housing Authority of the City of Charlotte, North Carolina, and equity provided by the syndication of 4% tax credits. The project closed in May 2020.
  • Represented a developer in the rehabilitation of an existing multifamily housing development consisting of 12 buildings containing 181 units located in Atlanta, Georgia. Financing included tax-exempt bonds issued by the Urban Residential Finance Authority of the City of Atlanta, Georgia, and equity provided by the syndication of 4% tax credits. The project closed in March 2020.
  • Represented a developer in the rehabilitation of a 10-building multifamily housing project containing 120 units located in Atlanta, Georgia. Financing included tax-exempt bonds issued by the Urban Residential Finance Authority of the City of Atlanta, Georgia, and equity provided by the syndication of 4% tax credits. The project closed in January 2020.
  • Represented a developer in the new construction of a 240-unit multifamily housing development located in Augusta, Georgia. Financing included tax-exempt bonds issued by the Housing Authority of the City of Augusta, Georgia, and equity provided by the syndication of 4% tax credits. The project closed in December 2019.
  • Represented a developer in the new construction of a multifamily housing project consisting of 240 units located in 48 residential buildings located in Stonecrest, Georgia. Financing included tax-exempt bonds issued by the Housing Authority of the County of DeKalb, Georgia, and equity provided by the syndication of 4% tax credits. The project closed in August 2019.
  • Represented a developer in the new construction of a multifamily housing project consisting of 240 units located in Union City, Georgia. Financing included tax-exempt bonds issued by the Housing Authority of the City of Union City, Georgia, and equity provided by the syndication of 4% tax credits. The project closed in July 2019.
  • Represented a developer in the new construction of a multifamily housing project consisting of 240 units located in 10 residential buildings located in DeKalb County, Georgia. Financing included tax-exempt bonds issued by the Housing Authority of the County of DeKalb, Georgia, and equity provided by the syndication of 4% tax credits. The project closed in May 2019.

Credentials

Education

University of Georgia School of Law: J.D., cum laude, 1994
Colgate University: B.A., 1989

Affiliations

  • Georgia Affordable Housing Coalition
  • Georgia Infirmary Non-Profit Housing Corporation: Board of Trustees, President
  • Georgia Infirmary, Inc.: Board of Trustees, President
  • Savannah Bar Association
  • State Bar of Georgia: Real Property Law Section
  • American Bar Association: Forum on Affordable Housing
  • Savannah Affordable Housing Fund: Advisory Committee

Recognition

Best Lawyers in America: Real Estate Law, 2013-2023

Best Lawyers is the oldest and most highly-respected peer review guide to the legal profession worldwide. A listing in Best Lawyers is widely regarded by both clients and legal professionals as a significant honor, conferred on a lawyer by his or her peers.

State Bar of Georgia: Business Commitment Pro Bono Award, 2013

The State Bar of Georgia’s Business Commitment Pro Bono Business Law Award honors the business law pro bono contributions of an individual lawyer to the nonprofit community and economic development sector in Georgia.

Lawyer of the Year: Real Estate Law, 2013

Edward O. Henneman, Jr. has been named the Best Lawyers’ 2013 Savannah Real Estate Law “Lawyer of the Year.”

Only a single lawyer in each practice area and designated metropolitan area is honored as the “Lawyer of the Year,” making this accolade particularly significant.

Lawyers being honored as “Lawyer of the Year” are selected based on particularly impressive voting averages received during the exhaustive peer-review assessments we conduct with thousands of leading lawyers each year. Receiving this designation reflects the high level of respect a lawyer has earned among other leading lawyers in the same communities and the same practice areas for their abilities, their professionalism, and their integrity.

Martindale-Hubbell: AV Rated
The Martindale-Hubbell® PEER REVIEW RATINGS™ are an objective indicator of a lawyer’s high ethical standards and professional ability, generated from evaluations of lawyers by other members of the bar and the judiciary in the United States and Canada.

Licensed In

Georgia

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