Drakeford & Kane LLC is committed to the improvement of underutilized communities and to the economic empowerment of individuals. The Community & Economic Development Law group assists churches, nonprofits, and local and national associations, providing them with strategic guidance on neighborhood stabilizing or enhancing activities. Our counseling services are designed to give clients peace of mind especially in light of increasingly complex collaborations with government and quasi-government organizations, developers, lenders, and investors. Whether our clients require legal and business advice on tax exempt organizations, for-profit ventures, financing & investing, real estate development, leasing & management, and enterprise development & management, we possess the skills and fortitude to transform their vision into reality.
The professionals at Drakeford & Kane LLC provide legal counsel to 501(c)(3) and other tax exempt organizations, such as religious, educational, charitable, scientific, literary, cultural, historic preservation, medical and health, recreational, and various advocacy groups. We also work with public and private foundations as well as donor advised funds. Our representation includes the following activities:
- Formation & Management
- Regulatory Compliance
- Governance & Commitee Structures and Responsibilities
- Fundraising and Charitable Contribution Reporting
- Reorganization, Consolidation & Dissolution
Drakeford & Kane LLC has been in the forefront of assisting nonprofit organizations with their for-profit ventures. In light of the decrease in funding from all levels of government and an increase in competition from others for limited resources, it has become imperative that nonprofits diversify their sources of revenue. While focusing on the core mission of the nonprofit, we explore ways for clients to diversity their funding base and then help them with starting, funding, and managing the entrepreneurial activity. Typical for-profit activities include the following initiatives:
- Program-related services and products
- Community-based services and products
- Franchising
- Real Estate Development, Leasing & Management
- Resource Sharing and Staff Consulting
- Intangible Asset sales and licensing
Our professionals are adept negotiators and transactional advisors. Examples of the types of debt financing and investment capital that we have helped our clients secure from lenders, grant-makers, and investors include:
- Bridge and term loans
- Tax-exempt bonds
- Taxable bonds
- Tax credit transactions
- Government grants and funds
- HUD and FHA programs
- Private placements and partnerships
- Real Estate Development, Leasing & Management
In addition to the services outlined in the Real Estate section of the website, our extensive experience includes providing clients with documentation, compliance, and implementation assistance on matters, such as:
- Affordable Housing programs
- Relocation polices, procedures, and implementation
- Mixed-use Construction & Rehabilitation
- Mixed-income Construction & Rehabilitation
- Residential landlord-tenant and fair housing
- Payments in lieu of taxes (PILOT) programs
- Enterprise Development & Management
We at Drakeford & Kane LLC understand the importance of locally owned and operated businesses and how much microentrepreneurs can enhance the quality of life in a neighborhood. To help encourage, promote, and sustain microentrepreneurs, we can help clients develop programs involving the following activities:
- Microlending (Debt)
- Microinvesting (Equity)
- Technical Assistance & Training
- Business Incubation
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