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Law Practice

Sep. 28, 2007

Lawyers Find Profits, Stability in Affordable Housing Deals

For the few California law firms that have figured out how to navigate the bureaucratic red tape, the practice of affordable-housing law is yielding profits.

By Peter B. Matuszak
Daily Journal Staff Writer

      LOS ANGELES - When developers of the L.A. Live project needed to secure an additional $400 million loan from Bank of America for the multibillion real estate expansion on the western edge of downtown, Robert Williams, a partner at Sheppard Mullin Richter & Hampton, was more than happy to make the deal happen.
      However, much smaller...

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