Isaac Yilma Partner

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Isaac concentrates his practice on public and infrastructure finance transactions. Isaac serves as bond counsel, disclosure counsel, underwriter’s counsel and issuer’s counsel in connection with a broad range of publicly offered and privately placed tax-exempt and taxable financings across many states for local governments, airports, toll roads and surface transportation, water and sewer systems, tax increment/special assessment districts, sports facilities, colleges and universities and multifamily housing facilities.

Isaac also counsels local governments and private companies in connection with economic development incentives packages for new business investments and expansion projects.


  • Special counsel, bond counsel and disclosure counsel to large development authority in connection with the development and financing of a new NFL stadium.
  • Represented large municipal airport in connection with the establishment of a commercial paper program and the negotiation of a bank credit facility.
  • Bond counsel in connection with the refinancing and extension of high occupancy toll lanes on major interstate highway.
  • Bond counsel to community improvement district in connection with general obligation bonds secured by a tiered revenue stream, including district assessments, tax allocation increments, payments-in-lieu of taxes and special service district (SSD) taxes.
  • Bond counsel to large municipality in connection with a $1.2 billion water and sewer refunding bond issue.
  • Bond counsel and underwriter’s counsel in connection with the issuance of multifamily housing revenue bonds.
  • Counsel to development authorities and developers in connection with incentives for economic development and affordable housing transactions.
  • Underwriter’s counsel in connection with the issuance by a regional water pollution control authority of revenue refunding bonds.
  • Bond counsel to large municipality in connection with the competitive sale of general obligation referendum bonds.
  • Underwriter’s counsel in connection with the issuance of tax increment financing bonds supported by state general fund appropriations.
  • Series bond counsel for a state’s general obligation bond issuance program.