Tiber Hudson
Tiber Hudson is a Washington, D.C.-based boutique law firm founded in 2017 that specializes in tax-exempt bond financing and public finance counsel for affordable multifamily housing, serving institutional lenders, underwriters, GSEs, developers, and municipal issuers across the United States.
- Company typePrivate
- Founded2017
- HeadquartersWashington, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Tiber Hudson does
Tiber Hudson LLC is a boutique U.S. law firm founded in 2017 and headquartered in Washington, D.C., specializing in tax-exempt and taxable debt financings for affordable multifamily housing and healthcare facilities. The firm operates across seven offices spanning the Mid-Atlantic, Southeast, and Midwest (Washington, D.C.; Brooklyn, NY; Charleston, SC; Baltimore, MD; Knoxville, TN; Atlanta, GA; and Largo, MD) with approximately 40–50 attorneys and staff. Core practice areas include Affordable Housing & Community Development, Public Finance & Securities Law, FHA/HUD/GNMA/USDA Financing, Real Estate & Construction Finance, Healthcare Capital Finance, Renewable Energy, Government Contracts, and Construction Law. The firm's central technical offering is specialized legal structuring for Low-Income Housing Tax Credit (LIHTC) transactions—including 4% and 9% credits paired with tax-exempt private activity bonds, the 50% and new 25% aggregate basis tests, RAD conversions, and proprietary structures such as the Cash-Backed Forward Structure that exploits inverted yield curves for developer clients.
Tiber Hudson earns revenue through professional services fees billed on a per-engagement basis, serving as underwriter's counsel, bond purchaser's counsel, bond counsel, lender's counsel, borrower's counsel, issuer's counsel, and trustee's counsel. Its client base spans investment-grade underwriters (e.g., Stifel), the GSE triad (Freddie Mac, Fannie Mae, Ginnie Mae), state and local housing finance agencies, commercial banks, affordable housing developers, and nonprofit sponsors. Go-to-market is relationship-led, reinforced by thought leadership in trade publications (Tax Credit Advisor, Affordable Housing Finance, Novogradac) and speaking presence at industry conferences (NCSHA, ABA Forum, NH&RA). The firm has been ranked No. 1 underwriter's counsel nationally by Refinitiv/Thomson Reuters for seven consecutive years (2018–2024) and captured nearly 60% of the multifamily affordable housing bond market by 2022; in 2021, the firm counseled on over $5 billion in aggregate bond principal spanning 38 states and contributing to the financing of more than 37,000 affordable housing units. The firm is structured as an LLC, recognized as a Minority-Owned Business, and is owned by its founding members and partners with no external institutional equity.
Tiber Hudson firmographics
Firmographics- Name
- Tiber Hudson
- Legal name
- Tiber Hudson LLC
- Website
- https://tiberhudson.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Tiber Hudson is a Washington, D.C.-based boutique law firm founded in 2017 that specializes in tax-exempt bond financing and public finance counsel for affordable multifamily housing, serving institutional lenders, underwriters, GSEs, developers, and municipal issuers across the United States.
- Ownership category
- akta.pro rank
Tiber Hudson industry classification
Industry- Product category
- Legal Services (Affordable Housing & Public Finance)
- NAICS
- Offices of Lawyers (541110), Legal Services (5411)
- SIC
- Services-Legal Services (8111)
- akta.pro primary industry
- Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans) (FSALAKAF)
Keywords
Where Tiber Hudson is headquartered
LocationHeadquarters
- HQ city
- Washington
- HQ country
- United States
- HQ region
- North America
Offices7 records
Markets served
Tiber Hudson business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Others
Revenue model
- Legal Services - Underwriter's Counsel: Legal counsel fees for representing underwriters and bond purchasers in multifamily affordable housing bond transactions
- Legal Services - Bond Counsel: Legal counsel fees for serving as bond counsel, lender's counsel, borrower's counsel, and trustee's counsel for tax-exempt and taxable financings
- Legal Services - Transactional: Legal fees for commercial lending, real estate development, FHA-insured loan transactions, and public finance matters
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Tiber Hudson product offering
Product offeringCore offering
Tiber Hudson is a boutique law firm that provides specialized legal counsel for tax-exempt and taxable debt financings, with a primary focus on bond-financed affordable multifamily housing and healthcare facility transactions. The firm represents underwriters, lenders, borrowers, bond purchasers, issuers, and government agencies in LIHTC transactions, FHA/HUD/GNMA/USDA financings, public finance, and related real estate and construction matters, and has developed the proprietary Cash-Backed Forward Structure for complex affordable housing deals.
Product overview
Tiber Hudson LLC is a boutique law firm providing specialized legal services in affordable housing finance and public finance. The firm operates as a unified legal practice offering multiple practice areas including Affordable Housing & Community Development, Public Finance & Securities Law, and Real Estate & Construction Finance as core service lines. The firm specializes in bond-financed affordable multifamily housing transactions, representing underwriters, lenders, borrowers, and issuers in tax-exempt and taxable municipal bond financings. Tiber Hudson's notable offerings include the proprietary Cash-Backed Forward Structure for LIHTC deals and comprehensive counsel for FHA/HUD/GNMA/USDA programs. The firm maintains offices across Washington DC, New York, Charleston, Baltimore, Knoxville, Atlanta, and Largo serving clients nationally.
Differentiator
Problem solved
Functional benefit
Products and services
- Affordable Housing & Community Development Legal Services Legal representation and counsel for affordable housing transactions, low-income housing tax credit (LIHTC) deals, and community development financing.
- Public Finance & Securities Law Legal services for tax-exempt and taxable municipal bond financings, underwriter's counsel, and bond purchaser's counsel representation.
- Real Estate & Construction Finance Legal counsel for real estate development, construction financing, and mortgage-backed bond transactions.
- FHA/HUD/GNMA/USDA Financing Legal representation for FHA-insured loans, HUD programs, Ginnie Mae securities, and USDA rural housing financing.
- Health Care Capital Finance Legal services for healthcare facility financing and capital stack structuring.
- Cash-Backed Forward Structure Proprietary bond structuring solution that helps affordable housing developers navigate challenging interest rate environments by using short-term Treasury reinvestment to offset bond interest costs while locking in favorable permanent financing rates.
- Banking Legal counsel for banking transactions and financial institution representation.
- Commercial Transactions Legal services for complex commercial business transactions.
- Complex Commercial Litigation Litigation services for complex commercial disputes.
- Construction Legal services for construction law matters.
- Government Contracts Legal counsel for government contracting matters.
- Lobbying & Advocacy Government relations and advocacy services.
- Real Estate Acquisition & Development Legal counsel for real estate purchases and development projects.
- Rebate, Defeasance & Cashflow Legal services for municipal bond rebate compliance, defeasance transactions, and cashflow modeling.
- Renewable Energy Legal counsel for renewable energy project financing and development.
Quantifiable outcome
- Nearly 60% market share in multifamily affordable housing market (2022)
- +3 more outcomes
Companies that use Tiber Hudson
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles4 records
Tiber Hudson technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Tiber Hudson partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered minor and core.
- Baker TillyminorCollaboration on Buzz House podcast series for multifamily housing professionals. Allison King and Kent Neumann of Tiber Hudson joined Baker Tilly's podcast to discuss the cash-backed forward structure innovation for bond-financed affordable housing deals.
- Freddie MaccoreTiber Hudson attorneys regularly represent Freddie Mac in Targeted Affordable Housing transactions, Tax-Exempt Loans, and various multifamily finance programs. Several attorneys have extensive experience with Freddie Mac products from prior in-house roles.
- Fannie MaecoreTiber Hudson represents Fannie Mae in DUS and multifamily affordable housing finance transactions, including M.TEB structures and various affordable housing loan programs.
- Ginnie MaecoreTiber Hudson handles bond transactions credit-enhanced by Ginnie Mae GNMA securitization for multifamily housing construction and permanent financing.
Scale indicators8 records
Recent moves7 records
Expansion highlights6 records
Tiber Hudson competitors and assessment
Company assessmentDirect peers
- Kutak Rock LLP: Kutak Rock is one of the largest U.S. bond counsel firms with a substantial affordable housing and public finance practice. It competes directly with Tiber Hudson for underwriter's counsel and bond counsel mandates on multifamily LIHTC transactions.
- Ice Miller LLP: Ice Miller has a long-standing public finance practice serving as bond counsel and underwriter's counsel on affordable housing and municipal transactions. It competes with Tiber Hudson in Midwestern deals.
- Ballard Spahr LLP: Ballard Spahr's Affordable Housing and Public Finance groups regularly represent lenders, developers, and state HFAs on LIHTC and tax-exempt bond transactions, directly overlapping with Tiber Hudson's core clientele and service lines.
- Hawkins Delafield & Wood LLP: Hawkins is the largest dedicated public finance firm in the U.S., regularly ranked among the top bond counsel firms. It is a primary competitor to Tiber Hudson in tax-exempt housing bond and broader municipal financings.
- Bryant Rabbino LLP: Bryant Rabbino is a New York-based public finance boutique specializing in tax-exempt bond counsel and underwriter's counsel roles. It overlaps with Tiber Hudson on affordable housing and municipal bond transactions, particularly in the Northeast.
- Orrick, Herrington & Sutcliffe LLP: Orrick has a sizable public finance practice with strong affordable housing and renewable energy finance capabilities. It serves similar institutional clients (developers, lenders, GSEs) on tax-exempt bond and LIHTC transactions.
Broad incumbents
- DLA Piper: DLA Piper is a global law firm with a real estate finance and capital markets practice that includes public finance and affordable housing capabilities. It is a broader competitor for institutional lender and developer mandates.
- Pillsbury Winthrop Shaw Pittman LLP: Pillsbury has a public finance practice covering tax-exempt and taxable municipal financings, with experience in affordable housing transactions. It is a broader incumbent serving similar institutional clients as Tiber Hudson.
- Norton Rose Fulbright: Norton Rose Fulbright is a global law firm with a public finance and banking practice that includes affordable housing bond and FHA-insured financing work. It overlaps with Tiber Hudson on lender's counsel and bond counsel roles.
- Squire Patton Boggs: Squire Patton Boggs is a global law firm with a public finance practice that handles tax-exempt bond financings, including affordable housing. It serves many of the same institutional clients as Tiber Hudson but operates across many other practice areas.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Tiber Hudson social profiles
Digital presenceTiber Hudson compliance and trust
Trust signalCompliance1 record
Tiber Hudson financial estimates
Financial estimateRevenue estimate
Valuation estimate
Tiber Hudson leadership team
Management profileNumber of profiles
Profiles17 records
Tiber Hudson funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Tiber Hudson M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Tiber Hudson
What does Tiber Hudson do?
Tiber Hudson is a boutique law firm that provides specialized legal counsel for tax-exempt and taxable debt financings, with a primary focus on bond-financed affordable multifamily housing and healthcare facility transactions. The firm represents underwriters, lenders, borrowers, bond purchasers, issuers, and government agencies in LIHTC transactions, FHA/HUD/GNMA/USDA financings, public finance, and related real estate and construction matters, and has developed the proprietary Cash-Backed Forward Structure for complex affordable housing deals.
Is Tiber Hudson a public or private company?
Tiber Hudson is a private company. It is classified as management employee owned and is currently operating.
When was Tiber Hudson founded?
Tiber Hudson was founded in 2017. It employs 11 to 50 people.
Where is Tiber Hudson based?
Tiber Hudson is headquartered in Washington, United States, in the North America region.
How does Tiber Hudson make money?
Three revenue lines are on record. Legal Services - Underwriter's Counsel is the primary driver. The others are legal Services - Bond Counsel and legal Services - Transactional.
Who are Tiber Hudson's main competitors?
Direct peers on record are Kutak Rock LLP, Ice Miller LLP, Ballard Spahr LLP, Hawkins Delafield & Wood LLP, Bryant Rabbino LLP and Orrick, Herrington & Sutcliffe LLP. Broad incumbents are DLA Piper, Pillsbury Winthrop Shaw Pittman LLP, Norton Rose Fulbright and Squire Patton Boggs.
Does Tiber Hudson have an API?
No public API is recorded for Tiber Hudson.
What industry is Tiber Hudson in?
Tiber Hudson's product category is Legal Services (Affordable Housing & Public Finance). Its primary akta.pro industry code is FSALAKAF, Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans). Its NAICS code is 541110 and its SIC code is 8111.