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Andrea Hope J. Steel

Director


Andrea is Director in the Affordable Housing and Community Development section of Coats Rose. She represents both for-profit and non-profit developers across the country, including public and private entities, as well as public housing authorities and tax increment reinvestment zones (TIRZs). Her work is concentrated on the legal representation of developers of affordable housing utilizing both 9% and 4% Low Income Housing Tax Credits (LIHTCs), tax exempt bond financing, CDBG and HOME Program funding and other federal, state and local subsidy programs, as well as the stimulus grants created by the American Recovery and Reinvestment Act of 2009 (ARRA) including the Tax Credit Assistance Program (TCAP), Tax Credit Exchange Program (Section 1602 Program) and the Neighborhood Stabilization Program (NSP).

Andrea’s work with public housing authorities (PHAs) includes closing transactions that include HUD funds and/or HUD-insured mortgages, including Rental Assistance Demonstration (RAD) and mixed-finance transactions, those involving Section 8 financing, 221(d)(4) & 223(f) FHA mortgages, Federal Home Loan Bank AHP loans and CDBG Disaster Recovery funds. She has worked with PHAs throughout Texas in addition to Louisiana, Arkansas, and the U.S. Virgin Islands.

Andrea has represented developers in complex transactions which have combined federal and state Historic Tax Credits with LIHTCs and tax-exempt bonds, and transactions which have involved multiple layers of funding including EB-5 and tax increment financing.  Her practice also includes closing construction, bridge and/or permanent loans, conventional as well as Freddie Mac/Fannie Mae loans, FHA-insured loans, and state and local financing.

She is also experienced with assisting developers navigate through the LIHTC process with the Texas Department of Housing and Community Affairs (TDHCA), including assistance with funding applications, appeals, and compliance issues, as well as Year 15 issues such as rights of first refusal, options and qualified contracts.  Her work also encompasses obtaining ad valorem tax exemptions for qualified projects, and she also assists clients with real estate acquisitions and dispositions.

Andrea joined Coats Rose in 2010 after clerking with the firm since 2009. She received her Juris Doctorate, cum laude, from the University of Houston Law Center in 2009 and graduated from the University of Maryland, College Park, with a double-major Bachelor of Arts in Criminal Justice and Sociology in 2002. During her time at the University of Houston Law Center, she served as an Articles Editor for the Houston Business & Tax Law Journal and was a recipient of the Lex Award for Scholastic Excellence in Practice Skills. Andrea’s academic achievement also earned her a membership in the Order of the Barons Scholastic Honor Society.

While earning her law degree, she served as an intern for Justice John S. Anderson of the 14th Court of Appeals, an extern for the Center for Children, Law, and Policy, and participated in the Law Center’s Civil Practice Clinic. Prior to becoming an attorney, Andrea’s professional experience includes serving as a Community Supervision Officer in Washington, D.C. and a Court Liaison Officer in Harris County.

Education
  • J.D., cum laude, 2009, University of Houston Law Center
  • B.A., 2002, University of Maryland, Criminal Justice and Sociology
Admitted
  • Texas, 2010
Affiliations
  • State Bar of Texas
  • American Bar Association (Forum on Affordable Housing and Community Development Law)
  • Houston Bar Association
  • Delta Sigma Theta Sorority, Inc.
Articles and News
Related Articles
Locations

Houston

9 Greenway Plaza, Ste. 1000
Houston, Texas 77046
Phone: 713.651.0111
Fax: 713.651.0220
Toll Free: 800.535.2701

Dallas - Preston

14755 Preston Road
Suite 600
Dallas, Texas 75254
Phone: 972.788.1600
Fax: 972.702.0662

Austin

901 South Mopac Expressway
Bldg. 1, Ste. 500
Austin, Texas 78746
Phone: 512.469.7987
Fax: 512.469.9408
Toll Free: 855.679.6763

 

San Antonio

1020 Northeast Loop 410, Ste. 800
San Antonio, Texas 78209
Phone: 210.224.7098
Fax: 210.212.5698
Toll Free: 800.862.5079

New Orleans

365 Canal Street, Ste. 800
New Orleans, Louisiana 70130
Phone: 504.299.3070
Fax: 504.299.3071
Toll Free: 888.435.8214

Cincinnati

PNC Center
201 E. 5th Street, Suite 1810
Cincinnati, OH 45202
Phone: 513.830.0261
Fax: 513.672.0381