People: Sherman E. Golden, Senior Counsel

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Sherman E. Golden

Senior Counsel

Atlanta
Direct: (404) 885-1500
0
Sherman E. Golden is senior counsel in the Corporate practice group in the Atlanta office of Seyfarth Shaw LLP.  Mr. Golden practices primarily in the area of structured real estate finance and capital formation, including tax-exempt and taxable municipal bonds, EB 5 foreign investor capital, project finance, synthetic equity through the monetization of available federal and state tax credits, and exempt securities offerings such as Reg. D and Reg S.
 
Municipal Finance - Mr. Golden has substantial local and national experience in tax-exempt multifamily and single-family affordable housing and community redevelopment transactions.  He has served as bond counsel, underwriter’s counsel, issuer’s counsel and borrower’s counsel on a variety of housing, general obligation, revenue and lease transactions in the municipal market.  He has worked with numerous federal subsidy programs for housing, including:  CDBG, HOME Funds, project based Section 8, HOPE VI, and the Affordable Housing Program (AHP) of the Federal Home Loan Bank.  He has also worked with local governmental subsidy programs that provide down payment assistance and rental subsidies.
 
As an innovator in housing finance in his community, Mr. Golden helped establish the Atlanta Neighborhood Development Partnership (ANDP), Georgia’s first well-financed regional nonprofit developer and sponsor, and served as its general counsel.  He also helped establish the Atlanta Mortgage Consortium (AMC), a consortium of local banks and mortgage companies formed to provide subsidized mortgages primarily for first time homebuyers.  Mr. Golden also spearheaded the use of tax exempt bonds to provide construction funds for single family housing in the State of Georgia.
 
EB-5 - By preparing the I-924 submissions and representing clients before USCIS, Mr. Golden has helped to establish regional centers. He has also represented individual projects and borrowers accessing capital through the regional center program by way of the issuance of Reg S and Reg D compliant securities to foreign investors.
 
Project Finance - Mr. Golden has represented renewable energy companies in the issuance of Reg. D and 144A securities into the domestic project finance market. He has a thorough understanding of how to evaluate and “de-risk” projects to make them viable in the project finance marketplace, as well as how to review the material contracts associated with project finance energy financings, including power purchase agreements and EPC contracts, among other material documents.
 
He has also been involved in the structuring for syndication of Low Income Housing Tax Credits (LIHTC), investment tax credits (ITC), production tax credits (PTC) and New Market Tax Credits (NMTC), primarily representing borrowers in this space, creating synthetic equity for eligible transactions, thereby reducing risk and boosting yield for both the borrower and the cash investor.
 
Public Private Partnerships (P3) - Mr. Golden has been successful in helping to attract public subsidies to private projects for commercial, residential and mixed use development. He has been extensively involved in economic development through the identification and structuring of financings for specific economic development projects with an emphasis on urban redevelopment.  He has represented both public and private interests and consulted with local governments on various matters in this regard.
Sherman E. Golden is senior counsel in the Corporate practice group in the Atlanta office of Seyfarth Shaw LLP.  Mr. Golden practices primarily in the area of structured real estate finance and capital formation, including tax-exempt and taxable municipal bonds, EB 5 foreign investor capital, project finance, synthetic equity through the monetization of available federal and state tax credits, and exempt securities offerings such as Reg. D and Reg S.
 
Municipal Finance - Mr. Golden has substantial local and national experience in tax-exempt multifamily and single-family affordable housing and community redevelopment transactions.  He has served as bond counsel, underwriter’s counsel, issuer’s counsel and borrower’s counsel on a variety of housing, general obligation, revenue and lease transactions in the municipal market.  He has worked with numerous federal subsidy programs for housing, including:  CDBG, HOME Funds, project based Section 8, HOPE VI, and the Affordable Housing Program (AHP) of the Federal Home Loan Bank.  He has also worked with local governmental subsidy programs that provide down payment assistance and rental subsidies.
 
As an innovator in housing finance in his community, Mr. Golden helped establish the Atlanta Neighborhood Development Partnership (ANDP), Georgia’s first well-financed regional nonprofit developer and sponsor, and served as its general counsel.  He also helped establish the Atlanta Mortgage Consortium (AMC), a consortium of local banks and mortgage companies formed to provide subsidized mortgages primarily for first time homebuyers.  Mr. Golden also spearheaded the use of tax exempt bonds to provide construction funds for single family housing in the State of Georgia.
 
EB-5 - By preparing the I-924 submissions and representing clients before USCIS, Mr. Golden has helped to establish regional centers. He has also represented individual projects and borrowers accessing capital through the regional center program by way of the issuance of Reg S and Reg D compliant securities to foreign investors.
 
Project Finance - Mr. Golden has represented renewable energy companies in the issuance of Reg. D and 144A securities into the domestic project finance market. He has a thorough understanding of how to evaluate and “de-risk” projects to make them viable in the project finance marketplace, as well as how to review the material contracts associated with project finance energy financings, including power purchase agreements and EPC contracts, among other material documents.
 
He has also been involved in the structuring for syndication of Low Income Housing Tax Credits (LIHTC), investment tax credits (ITC), production tax credits (PTC) and New Market Tax Credits (NMTC), primarily representing borrowers in this space, creating synthetic equity for eligible transactions, thereby reducing risk and boosting yield for both the borrower and the cash investor.
 
Public Private Partnerships (P3) - Mr. Golden has been successful in helping to attract public subsidies to private projects for commercial, residential and mixed use development. He has been extensively involved in economic development through the identification and structuring of financings for specific economic development projects with an emphasis on urban redevelopment.  He has represented both public and private interests and consulted with local governments on various matters in this regard.

Education

  • J.D., Georgetown University Law Center (1982) 
    Earl Warren Scholar
    NAACP Legal Defense Fund Fellow 
  • B.A., University of North Carolina (1976) 
    Morehead Scholar 
    Luce Foundation Finalist

Admissions

  • Georgia

Affiliations

  • Fulton County, Georgia Development (Chair)
  • Assistant Director (Financial Business Services)
  • Housing Authority of Fulton County Georgia
  • Fulton County, Georgia Housing Authority
  • Mayoral appointee
  • Atlanta Urban Design Commission
  • Southeastern Reinvestment Ventures (Community Loan Fund) (President and Chair)