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Bradley Arant Boult Cummings, LLP

Paul Compton

Paul Compton

Partner

Bradley Arant Boult Cummings, LLP
Alabama, U.S.A.

tel: 205.521.8381
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Profile

Paul Compton has broad experience in innovative commercial financing transactions, particularly those involving tax credits (federal and state, LIHTC, historic, state industrial incentive, new markets, work opportunity and CAPCO). Paul’s practice largely involves the participation of depository institutions in these types of transactions and through this he has a deep understanding of the regulatory environment in which banks operate.

Paul has been active in the new markets tax credit program since its inception in connection with the formation of community development entities, applications to the CDFI fund, “captive” and leveraged QEI investments, first mortgage QLICIs to operating and real estate QALICBs, leveraged lending to CDEs and the workout of troubled QLICIs.

Similarly, Paul has worked with low income housing tax credits, in more than 200 transactions, over 20+ years. He has represented direct equity investors, construction and permanent lenders, developers, and public housing authorities. The transactions have included tax exempt bond financing, HOME loans, FHA loans, agency loans, AHP grants, CDBG funding, mezzanine financing, Georgia state low income housing tax credits, historic tax credits, and the use of condominium structures. Paul also has experience on behalf of lenders in foreclosures and work-outs involving LIHTC supported properties.

Paul is general counsel to the Alabama Affordable Housing Association, counsel of record to The Alabama Consumer Finance Association and is Alabama Chair of the American Bar Association Forum on Affordable Housing and Community Development. He is a member of, and regularly advises, the Alabama Bankers Association.

Paul is a graduate of the University of Virginia School of Law and the University of Alabama College of Commerce and Business Administration. He also attended the London School of Economics and Political Science and is a 1983 Harry S. Truman Scholar.

Bar Admissions

  • Alabama, 1989
  • Georgia, 2004

Education

  • University of Virginia School of Law, J.D., 1989, Articles Review Editor, Virginia Journal of International Law
  • University of Alabama, B.S., 1985, summa cum laude; Austin Cup Award for Outstanding Student in College of Commerce & Business Administration; Outstanding Economics Student; Harry S. Truman Scholar; National Merit Scholar
  • London School of Economics and Political Science, , 1984
Areas of Practice
Blogs

BuildSmart
Bradley Arant Boult Cummings, LLP 

Significant issues can arise during the three phases of the design and construction process. Effective planning, performance and completion are critical to the success of any construction project. So is informed counsel that addresses a variety of business issues, including mergers and...

Family Business Advocates
Bradley Arant Boult Cummings, LLP 

Bradley’s Family Business Advocates Blog is a resource for family business owners and advisors. All business owners must plan ahead, think strategically and manage risk in order for their businesses to thrive. Family business owners must also manage family dynamics in the business, build...

It Pays to Be Covered™
Bradley Arant Boult Cummings, LLP 

Bradley’s It Pays to Be Covered™ Blog discusses insurance law developments and industry trends in property and casualty insurance, including the growing cyber insurance market, coverage for drones, and blockchain exposures. We also address practical risk management strategies of interest to risk...

Patent 213
Bradley Arant Boult Cummings, LLP 

Patent law, like most things in life, is subject to change. Changes to patent laws not only impact investment in your existing IP, but directly shape strategies to protect your freedom to operate. The Patent 213 blog provides up-to-date, insightful analysis of the evolution in the written...

Tennessee Appellate Review
Bradley Arant Boult Cummings, LLP 

A successful appeal depends on counsel’s substantive understanding of appellate rules, procedures, and strategies. The Tennessee Appellate Review blog is a resource for commentary and insights on the latest state and federal appellate news. Join the conversation as we analyze decisions from the...

The Law of Order
Bradley Arant Boult Cummings, LLP 

Bradley’s The Law of Order blog serves as a general parliamentary procedure resource, providing information about creation and revision of governing documents (constitutions, bylaws, or rules), application of Robert’s Rules of Order and other procedural authorities in a variety of contexts (such as...

Underwritten
Bradley Arant Boult Cummings, LLP 

Underwritten covers topics related to life, health, disability and long-term care insurance. Our team of experienced attorneys and authors offers insight on the issues insurers face as they seek to serve their policyholders and to mitigate risk. The blog covers significant court decisions,...

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