Key Takeaways
- • DarrowEverett LLP expands its national Affordable Housing & Community Development Practice Group by recruiting Carolyn Medina, a 20-year veteran Rhode Island real estate and affordable housing attorney, strengthening the firm's capacity across the Northeast.
- • Medina brings hands-on expertise in structuring and closing complex affordable housing transactions involving low-income housing tax credits (LIHTC), historic tax credits, bond financing, grants, and commercial loans, with prior experience as Vice President and Director of Real Estate Development at a leading Rhode Island nonprofit affordable housing developer.
- • Notable transaction experience includes a $70 million acquisition and redevelopment of a Section 8 housing development in Newport, Rhode Island utilizing LIHTCs, and a $22 million refinance transaction involving RI Housing, HUD, commercial lenders, private equity syndicators, and municipal stakeholders.
- • Medina is admitted to practice in Rhode Island and Massachusetts with deal experience extending into Connecticut, positioning the firm to deepen relationships with developers, housing authorities, and institutional investors active in affordable housing finance across multiple Northeast jurisdictions.
Summary
DarrowEverett LLP, a multi-state law firm operating across five jurisdictions, has announced the addition of attorney Carolyn Medina to its Affordable Housing and Community Development Practice Group based in Rhode Island. The hire represents a strategic expansion designed to strengthen the firm's capacity to serve developers, housing authorities, and institutional investors engaged in complex affordable housing transactions across the Northeast region.
Medina brings two decades of specialized experience in affordable housing law and real estate development. Her background spans transaction structuring and closing for deals involving low-income housing tax credits (LIHTC), historic tax credits, bond financing, public grants, and commercial lending arrangements. Beyond her legal credentials, Medina held the position of Vice President and Director of Real Estate Development at a prominent Rhode Island nonprofit affordable housing developer, giving her dual expertise in both legal and operational dimensions of the sector.
Her transaction track record demonstrates capacity at scale. Notable engagements include a $70 million acquisition and redevelopment project targeting a large Section 8 housing development in Newport, Rhode Island, which incorporated LIHTC financing structures. Medina also negotiated a $22 million refinance transaction that required coordination with multiple stakeholders including RI Housing, HUD, commercial lenders, private equity syndicators, and municipal authorities. Medina holds licensure in Rhode Island and Massachusetts, with deal experience extending into Connecticut, broadening the firm's geographic reach and local market knowledge.
The addition reflects institutional capital's continued focus on affordable housing development as both a community development imperative and an investment vehicle. DarrowEverett's expanded practice group now consolidates expertise across transaction-tested attorneys specializing in LIHTC deals, nonprofit affordable housing developer representation, public finance, and housing authority legal services—positioning the firm to address the technical complexity inherent in multi-source financing structures that characterize contemporary affordable housing development.
Medina brings two decades of specialized experience in affordable housing law and real estate development. Her background spans transaction structuring and closing for deals involving low-income housing tax credits (LIHTC), historic tax credits, bond financing, public grants, and commercial lending arrangements. Beyond her legal credentials, Medina held the position of Vice President and Director of Real Estate Development at a prominent Rhode Island nonprofit affordable housing developer, giving her dual expertise in both legal and operational dimensions of the sector.
Her transaction track record demonstrates capacity at scale. Notable engagements include a $70 million acquisition and redevelopment project targeting a large Section 8 housing development in Newport, Rhode Island, which incorporated LIHTC financing structures. Medina also negotiated a $22 million refinance transaction that required coordination with multiple stakeholders including RI Housing, HUD, commercial lenders, private equity syndicators, and municipal authorities. Medina holds licensure in Rhode Island and Massachusetts, with deal experience extending into Connecticut, broadening the firm's geographic reach and local market knowledge.
The addition reflects institutional capital's continued focus on affordable housing development as both a community development imperative and an investment vehicle. DarrowEverett's expanded practice group now consolidates expertise across transaction-tested attorneys specializing in LIHTC deals, nonprofit affordable housing developer representation, public finance, and housing authority legal services—positioning the firm to address the technical complexity inherent in multi-source financing structures that characterize contemporary affordable housing development.
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