Search
  Share Print Page

Contact

Services

Education

Admissions

Affiliations

Video

 

JOHN L. KELLY

John Kelly represents for-profit and nonprofit owners and operators of multi-family housing that has a government overlay. He has more than 30 years of experience in affordable housing and is a longtime advocate at state and national levels.

What do you focus on?

My practice focus is on three primary areas:

Acquisitions

I have represented clients in the purchase and sale of government-assisted housing. Recently I helped a major New York City developer acquire a state-regulated 1,600-unit property using tax credits, bonds, city and state subsidies and real estate tax exemptions.

Financings

I have assisted clients in the financing of existing properties and the construction of new projects. Recently I represented a developer in financing the construction of a 176-unit project on a ground lease from the City of New York with bonds, tax credits, letter of credit, redirected Medicare funds and other public subsidies.

Regulatory approvals

I assist clients in navigating the plethora of regulations in the affordable housing industry.

I am presently assisting a client obtain the city and state approvals required to move a 318-unit project from a state-regulated program, which limited the owners’ return, to a city regulated program, which is substantially less restrictive.

What do you see on the horizon?

I am watching the collision of the rising local awareness of the need for affordable housing and gridlock in Congress. Federal resources are shrinking, so local governments will have to create new strategies.

Media Clips

  • Looser Rules Pave Way for NYC Affordable Housing Projects
    Law360 | October 2, 2014
    New York City Affordable Housing partners Joe Lynch and John Kelly are quoted in this feature article on the New York City Department of Housing Preservation and Development’s plans to streamline affordable housing project development.
  • Developers, Attorneys Embrace De Blasio's $41B Housing Plan
    Real Estate Law360 | May 6, 2014
    New York Affordable Housing partner John Kelly comments on the New York City mayor’s new affordable housing plan. John’s comments focus on mandatory inclusionary zoning and the mayor’s goal of making diverse housing possible in every neighborhood.
  • Push Begins to Jumpstart Mitchell-Lama in New York State
    Wall Street Journal | February 6, 2014
    New York City Affordable Housing partner John Kelly discusses efforts in New York to revive the 1950s-era Mitchell Lama program.
  • . . . View all . . .
  • Personal Notes on Lawyers
    New York Law Journal | July 12, 2012

    New York City Affordable Housing partner John Kelly is highlighted for being named chairman of the board of governors of the National Housing Conference.

  • Personal Notes on Lawyers
    New York Law Journal | December 9, 2011

    This coverage notes that New York City Affordable Housing partner John Kelly has received the Clara Fox Award for Outstanding Achievement from the New York Housing Conference and the National Housing Conference.

Ideas

Press

Events

John L. Kelly