Jason C. Vargelis – Partner

 

Practice Focus

Real estate finance and tax credits

Education

University of Vermont, B.A.
Boston University School of Law, J.D.

Experience


Jason Vargelis is a member of our business transactions group. His practice is focused in the area of real estate finance with an emphasis on tax credits.

Mr. Vargelis has broad experience representing for-profit and non-profit developers, syndicators and other participants in multifamily affordable housing projects utilizing a variety of funding sources, including federal and state tax credits, tax exempt bonds, state and local subsidy programs and utilizing property tax abatement. His experience covers lower-tier project level transactions (involving developers, syndicators and lenders), as well as upper-tier investment transactions (involving syndicators and investors). His tax credit experience also includes energy, historic and new markets tax credits.

Mr. Vargelis has represented various parties in real estate acquisition and lending transactions secured by real estate. In addition, he has represented investment banks in public and private securitizations. His structured finance experience also includes interest rate swaps and other derivative products.

Mr. Vargelis is a member of the California, Colorado and New York bars. During law school, he served as Editor-in-Chief of the Boston University Law Review.

Mr. Vargelis was formerly associated with Sidley Austin LLP, in New York, where he practiced in the area of securitization, as well as with Pillsbury Winthrop Shaw Pittman LLP, in San Francisco and other California and Colorado-based law firms specializing in affordable housing tax credit transactions.


Speaking Engagements Include

  • Novogradac Affordable Housing Conference, San Francisco, California – Greening with Affordable Clean Energy, October 2014
  • National Association of State and Local Equity Funds, Savannah, Georgia – Survival of the Fittest: Evolution of Upper Tier Fund Documents, September 2014
  • National Association of State and Local Equity Funds, Portsmouth, VA - Year 12-15 Dispositions, September 2013
  • American Bar Association Forum on Affordable Housing and Community Development Law, Washington, D.C. - Low Income Housing Tax Credits: The Basics, May 2013
  • Nonprofit Housing Association of Northern California, San Francisco, CA - Monetizing Solar Incentives, February 2010

Selected Publications

  • "Assessing Solar Incentives" (co-author), Novogradac Journal of Tax Credit Housing, May 2009
  • "Lenders Offer Interest Rate Swaps," Novogradac Journal of Tax Credit Housing, March 2009 (also published as “The Ins and Outs of Swaps,” Affordable Housing Finance (web), March 2007

Professional and Community Activities

  • American Bar Association Forum on Affordable Housing and Community Development, Member
  • Buckelew Programs, Advisory

 

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