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JEFFREY W. SACKS

Jeff Sacks is a leading community development attorney. His clients include large community development corporations, senior housing providers and housing authorities as well as a variety of large institutional service providers. He often represents nonprofit organizations that are embarking on major real estate projects to allow them to deliver their services in new and innovative ways.

What do you focus on?

Low-income housing tax credits and historic rehabilitation tax credits

I assist my clients in using federal low-income housing and historic tax credits to develop affordable housing and mixed-use developments. Given the multiple funding sources necessary to complete any project today including federal resources from HUD as well as state and local funds, I work with our developer clients to assure that all of these funders work together to allow for the successful completion of these projects with the most efficient deal structure.

New markets tax credits

Some of my largest and most complex projects have involved substantial investments in very poor communities utilizing the new markets tax credit program. These projects, which have included major new urban medical centers, a supercomputing project as well as smaller educational facilities, can be the catalyst for additional neighborhood investment and substantial job creation.

Public housing

I have worked with a range of public housing authorities in the transformation of some of the most outdated public housing projects in the Commonwealth into new and vital communities that continue to serve their low-income residents. I have been a public housing authority commissioner for more than twenty years and recently I have devoted significant efforts to the modernization and reform of the Commonwealth’s public housing system.

Nonprofit organizations

Much of my work involves advising nonprofit boards of directors about the most efficient and effective legal and financial approaches to fulfilling their corporate missions. A central part of my work is framing the legal options and documentation to boards of directors.

Community preservation

I served as the first chair of the Newton Community Preservation Committee and have worked with that program for more than ten years. This unique state and local partnership provides funding exclusively for community housing, open space preservation, historic preservation and recreation facilities in cities and towns across the Commonwealth.

What do you see on the horizon?

I am working on new types of joint ventures among nonprofit organizations and governmental agencies to improve the delivery of housing and other community services. In a period of dwindling direct government support for community development activities, consolidation of services and the creation of new service delivery models are crucial with organizations working together in new ways.

Media Clips

  • Ex-Chelsea Office McLaughlin's Sentencing Postponed
    Boston Globe | June 15, 2013

    This coverage highlights Nixon Peabody's pro bono representation of the Chelsea Housing Authority as it seeks restitution against its former executive director, who has already pled guilty to fraud charges. Nixon Peabody’s legal team includes Government Investigations & White Collar Defense partner Bill Codinha and associate Ronaldo Rauseo-Ricupero, Affordable Housing partner Jeff Sacks, counsel Neil Moynihan, and paralegal Joanne Sylvester.

  • Amid Gentrification, Affordable Units in Chinatown
    Boston Globe | January 23, 2013

    As the redevelopment of the Hong Lok House, a Boston affordable housing project, progresses, Boston Affordable Housing partner Jeff Sacks discusses the complexities of the financing.

  • Gov. Patrick Proposes Reform to Public Housing Authorities
    WBZ-TV (Boston) | January 10, 2013

    This broadcast TV segment notes Massachusetts Governor Deval Patrick's plans to announce legislation that would radically consolidate oversight and management of the state’s public housing stock into regional entities. Boston Affordable Housing partner Jeff Sacks, a commissioner on the Newton Housing Authority, speaks at the governor’s press conference and is quoted in the accompanying story.

Press

Jeffrey W. Sacks