Web Analytics
About Elizabeth

Insightful public finance guidance for nonprofits

Elizabeth Blutstein provides public finance counsel, specializing in tax-exempt bond transactions for nonprofit, tax-exempt 501(c)(3) organizations. She also has extensive experience with many aspects of conduit qualified private activity bond tax-exempt financing transactions. Liz counsels 501(c)(3) borrowers across many industries, including:

  • Hospitals, clinics, multimember health care systems and senior living facilities
  • Educational institutions
  • Cultural facilities

Experience in Action

  • Advises clients on tax-exempt and taxable financing transactions, as well as post-issuance tax compliance matters. The insight clients seek on this front includes private use analysis; remedial action requirements and management contract review; ongoing document compliance matters, including review of master trust indenture covenants and requirements; continuing disclosure obligations; and reporting requirements.
  • Serves as bond counsel and underwriter’s counsel in conduit bond transactions of local housing authorities, community development authorities and redevelopment authorities on tax-exempt financings for affordable housing, senior living facilities, health care facilities and cultural facilities.
  • Represents lenders as purchaser’s counsel or as underwriter’s counsel in privately placed or publicly offered tax-exempt or taxable debt transactions.


  • Served as bond counsel and issuer’s counsel for the Wisconsin Health and Educational Facilities Authority.


Professional Recognitions

  • Best Lawyers® "Lawyer of the Year" (2017, 2019: Public Finance Law) 
  • Best Lawyers in America® (2008–present: Public Finance Law)
  • Milwaukee Business Journal "40 Under 40"

Professional & Civic Activities

  • American Bar Association, member
  • State Bar of Wisconsin, member
  • Illinois State Bar Association, member
  • National Association of Bond Lawyers, member
  • Healthcare Financial Management Association, member
  • Women in Public Finance, Wisconsin chapter, member

News & Insights


Bar Admissions

Back to Main Content

We use cookies to provide you with the best user experience on our website and to analyze statistics related to our website. To understand more about how we use cookies, or for instructions to change your preference and browser settings, please see our Privacy Notice. Please note that if you choose to reject cookies, doing so may impair some of our website's functionality.