What’s trending in Affordable Housing



September 05, 2017

Affordable Housing Blog

Author(s): Erica F. Buckley, Ari Glatt, Richard Michael Price

Updated NY condo/co-op disclosure requirements close a “loophole,” two recent articles explore key issues in providing housing to low-income families. Here’s what’s trending in affordable housing and community development.

Condominiums and Cooperatives

Updated NY condo/co-op disclosure requirements close a "loophole" involving wire transfers

The New York Attorney General’s Real Estate Finance Bureau recently published a policy memorandum clarifying how a revision to the FinCEN Geographic Targeting Order (GTO) affects disclosure requirements for New York City co-op and condo offering plans.—Erica F. Buckley and Ari Glatt

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HUD

Helping poor families/appreciating landlords

Two recent articles explore key issues in providing housing to low-income families. The August 10 Washington Post notes increasing demand for the very programs the Trump administration seeks to limit. The August 4 Washington Post op-ed piece seeks to encourage owners to work with poor renters.—Richard Michael Price

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Upcoming Events

Rural Housing Coalition — 2017 Affordable Housing & Community Development Conference

Location: Lake Ontario Event & Conference Center | Oswego, NY

Date: September 11–13, 2017

Speaker: Richard Price

Topics include: The Future of Rural Tax Credits: This workshop will explore the future of the tax credit as a vehicle for financing multifamily development in rural areas of upstate. Other workshops will discuss multi-family housing development, NYSERDA affordable solar pre-development funding program, program and project compliance and more.

NP Housing Issues in Focus: What’s Next—Evaluating Homeownership Options in Light of Current City and State Housing Policies

Location: NP’s NYC office | New York, NY

Date: September 12, 2017

Speaker: Erica Buckley

Topics include: A panel discussing the current state of the for-sale market in New York City.

NYSAFAH — Upstate NY Conference

Location: Hotel Henry Urban Resort | Buffalo, NY

Date: September 27, 2017

Speaker: Meghan Altidor

Topics include: One-day conference covering topics including the community impact of affordable housing developments, the NYS Downtown Revitalization Initiative (DRI), current state of investor and debt markets, effects of state mandates on construction costs and more.

IRHP Affordable Housing Preservation Conference

Location: Four Seasons | Las Vegas, NV

Date: September 27–28, 2017

Speakers: Steve Wallace, Monica Sussman, Deborah VanAmerongen, Richard Price, Tatiana Gutierrez, Nate Cushman, Ed Campbell

Topics include: Multi-day conference covering topics related to affordable housing preservation.

The foregoing has been prepared for the general information of clients and friends of the firm. It is not meant to provide legal advice with respect to any specific matter and should not be acted upon without professional counsel. If you have any questions or require any further information regarding these or other related matters, please contact your regular Nixon Peabody LLP representative. This material may be considered advertising under certain rules of professional conduct.

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