We have acted as bond counsel on numerous industrial revenue development and healthcare facility bond issues. In particular, we have acted as bond counsel on various industrial development revenue bond issues to finance manufacturing projects and other tax-exempt facilities. Our work on these projects has included the private placement of these bonds with institutional investors and the issuance of letters of credit to enhance the creditworthiness of these bonds.
In addition, we have represented various hospital systems in the issuance of revenue bonds for the financing of hospital related projects. We have also acted as issuer counsel to various health and educational facility boards and industrial development revenue boards in Tennessee. In the aggregate, we have acted as bond, borrower and issuer counsel on the issuance of approximately $1 billion in tax-exempt bonds over the past 25 years.
We have also acted as counsel to various housing and redevelopment authorities for the issuance of tax increment financing bonds. In Tennessee, tax increment financing is permitted for the redevelopment of blighted and economically distressed areas. We have served as both issuer and borrower counsel on these projects.