With our robust and extensive network, we help shape housing industry policy so we can anticipate issues, cut through complex regulations and keep affordable housing investments moving forward.
Affordable housing and community development raise intricate legal challenges that can be difficult to unravel. Today’s economic and public funding climate present even further complexity so it’s critical to work with attorneys who understand the business of affordable housing and have the creativity to get deals closed.
With one of the largest affordable housing groups in the country, Nixon Peabody offers unparalleled knowledge in this field.
Our attorneys and advisors have worked in legal and policy positions at HUD and the IRS and state housing agencies—and have been involved with every major federal affordable housing initiative in the last 40 years. This experience, coupled with the key strategic relationships we continue to forge gives our clients a special advantage as we bring dynamic deals and parties together.
From Section 8 contract expiration, renewal and opt-out, to mortgage restructuring, Mark-to-Market, prepayment and preservation transactions, Section 236 decouplings (and re-decouplings), as well as development and construction of new affordable housing, we keep your investments moving forward. We also provide help on financing mechanisms such as tax-exempt bonds and low-income housing, new markets, historic and solar tax credits.
Who we work with
- Developers, owners and operators in local markets and nationally. We’ve worked with every kind of housing from communities designed for the elderly and those needing supportive services to housing for veterans, using every type of financing resource.
- Nonprofit or municipal developers or housing operators, from housing authorities to community groups to churches and synagogues.
- Government entities including local and state housing authorities and finance agencies.
- National housing trade organizations. We assist in their efforts to promote and preserve the integrity of affordable housing nationwide and its financing mechanisms.
- We’ve even assisted non-governmental organizations (NGOs) with affordable housing finance and programs outside of the United States.
- Industry leaders cautiously optimistic post-election
Affordable Housing Finance | November 21, 2016
New York City affordable housing strategic policy advisor Deborah VanAmerongen is quoted in this article about impacts the recent election may have on the New York City affordable housing industry. In the article, Deborah emphasizes that President-Elect Trump knows real estate finance, is from New York, and likely understands the importance of affordable housing programs.
- Multifamily finance experts: No national bubble, but concern about some markets
Bisnow | October 21, 2016
Washington, DC, affordable housing partner Meghan Altidor participated in an affordable housing trends panel discussion at Bisnow's Multifamily Annual Conference. She was quoted in this article noting new players such as those in the private equity space who are now getting involved in a number of affordable housing deals.
- Why Boston's One of the Toughest Places to Develop Affordable Housing
Bisnow | October 5, 2016
Boston affordable housing partner Jeff Sacks is mentioned in this article about a recent panel he moderated focused on the challenges of affordable housing in the Boston area.