p. 213.239.8088 (
f. 213.559.0733 ( Los Angeles )
Lance Bocarsly is a nationally recognized transactional real estate attorney specializing in affordable housing, community and economic development transactions, and a founding partner in Bocarsly Emden. He has represented developers, syndicators and investors in over one thousand transactions financed with federal low income housing tax credits and tax exempt bonds, generating tens of thousands of residential units for low income tenants in over forty states. In addition, he actively represents developers and investors financing transactions with alternative energy tax credits, new market tax credits and historic tax credits. Mr. Bocarsly’s practice focuses on all aspects of the acquisition and development of, and investment in, real property, including negotiation of purchase agreements, construction and permanent financing from institutional and governmental sources, negotiation of construction and development contracts, formation and syndication of partnerships and limited liability companies owning and operating real estate developments and syndication of investment funds in real estate transactions. In addition, Mr. Bocarsly has substantial experience in advising nonprofit and for-profit developers undertaking affordable housing and economic development.
Mr. Bocarsly handles the acquisition, financing and development of multi-family and senior affordable housing transactions throughout the United States. He also represents the ultimate investors in syndicated tax credit funds, as well as syndicators investing in transactions generating low income housing tax credits, historic tax credits, solar energy tax credits, new markets tax credits, and in the formation of multi- investor and single investor funds for investment in affordable housing transactions throughout the United States. Mr. Bocarsly also represents clients in the acquisition, financing and disposition of mixed-income and mixed-use transactions, economic and community development projects and low income homeownership developments.
Mr. Bocarsly was formerly a partner with Bingham McCutchen LLP and Riordan & McKinzie in Los Angeles, California.
Mr. Bocarsly is the co-author of “Community Land Trusts: A Growing Trend in Affordable Home Ownership”, ABA Journal of Affordable Housing and Community Development Law, Summer, 2008, “Tax-Exempt General Partners and the IRS: Defenestrating the Myth of Private Inurement and Public Benefit”, ABA Journal of Affordable Housing and Community Development Law, Fall, 1997, “Real Property Tax Exemptions In Affordable Housing Transactions”, ABA Journal of Affordable Housing and Community Development Law, Winter, 1993, and “Scenic Rivers Designation Maintained”, U.C.L.A. Journal of Environmental Law and Policy, Spring 1985. He has been a featured speaker at, and has chaired, numerous conferences analyzing affordable housing and community development issues. In addition, Mr. Bocarsly served on the Governing Committee of the American Bar Association’s Forum on Affordable Housing and Community Development Law from 1994 through 2003 and served as the Chair of the Forum in 2001-2002.
Mr. Bocarsly received his Bachelor of Arts degree, cum laude, from the University of California, Los Angeles in 1984 and his Juris Doctor degree in 1987 from the University of California, Los Angeles.