A seasoned practitioner in the public finance arena, William M. Lofton navigates clients through a wide range of complex finance and corporate transactions. As bond counsel or disclosure counsel to many Northern and Central California local governmental entities, Bill goes beyond traditional services to address governmental objectives and challenges with creative approaches and fully compliant solutions. Bill also serves as underwriter's counsel and represents several investment banking institutions in connection with public finance matters.
Bill thrives on developing financing programs that help governmental entities pursue ongoing initiatives. For example, he developed a nationally publicized financing structure that enabled a Bay Area city to complete an urban infill subsidized lease-to-own condominium project. An innovative problem solver, he developed a means by which a large State pension fund could issue letters of credit supporting bond issues.
Over his three decades of municipal bond practice, Bill has helped numerous governmental entities develop financing programs for multifamily housing, industrial development bonds and infrastructure projects. Active in a number of industry working groups, Bill draws on his broad experience to advise finance industry participants on legislative, policy and practice matters.
A frequent speaker at conferences, Bill has addressed municipal finance issues ranging from disclosure practices, to ethical issues arising in finance representations. As part of his service to the National Association of Bond Counsel and the ABA Public Law Subcommittee on State and Local Obligations, he has led numerous panel discussions related to the development and implementation of the continuing disclosure regime for municipal bonds.
Bill was honored when the US Navy asked him to be its only civilian presenter at a Navy conference for Bay Area governmental entities to discuss the Navy’s process for transfer of closed naval facilities to these governments, including, Treasure Island, Hunters Point, the Alameda Naval Air Station and the Mare Island submarine repair facility.
Bill has represented a number of professional associations and associations in formation, governance and administrative matters. Most recently he advised a civic non-profit in connection with raising capital through crowdfunding.