Point Capital & J.P. Morgan
TSA was enlisted to help navigate an application to the Foreign Investment Review Board to exempt a major investment in student housing from new fees imposed under a package of federal housing affordability reforms, on behalf of the US institutional investor and its local development partner.
Key deliverables
Working within a tight statutory timeframe, TSA escalated the matter to Ministerial level to confirm the decision-making framework and critical stakeholders.
Our team arranged and facilitated engagement with senior executives in Treasury, articulating clearly and concisely the case for exemption in scenarios where productive housing investment is in the national interest and aligned with federal and state policy objectives.
TSA’s intervention was successful, resulting in exemption from a fee which would have been prohibitive to the project’s development.
Treasury issued a new guidance note on the treatment of future FIRB applications aligned with national interests and policy objectives.