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Meghan C. Altidor



Meghan Altidor represents nonprofit and for-profit developers in acquiring, constructing, rehabilitating and operating affordable housing developments around the country. Ms. Altidor frequently speaks about housing issues at national conferences such as IPED, IRHP, and NYSAFAH. Meghan has been lead counsel on an extensive number of notable public housing partnership transactions on behalf of developers, nonprofits, equity participants, and housing authorities, including most recently successful closings on nearly 7500 units through the New York City PACT Program.

What do you focus on?

Bond/Tax Credit Transactions

I focus on complex financings of affordable housing developments that include tax-exempt bonds, low-income housing tax credits and often other federal, state and local government subsidies. My typical deal is representing the purchaser and borrower to finance a development with multiple interconnected layers of financing, but I also represent lenders, investors, housing authorities and clients disposing of affordable housing assets. My practice covers all aspects of development from dirt real estate to securing regulatory approvals such as HUD RAD conversion approvals and nonprofit asset transfer approvals. Recognizing that the planning of complex transactions often involves significant time commitments and financial risks, I enjoy working with clients to mitigate or reduce the risk of unpredictable legal costs and budgeting inaccuracies.

Joint Ventures

Affordable housing deals often involve partnerships, and I help my clients navigate public-private partnerships and joint ventures between nonprofit and for-profit firms. Some examples of this practice include structuring tax exemption eligibility and negotiating tax credit and debt guaranty obligations among partners in affordable housing transactions.

Community Involvement

From my training as an urban planner to my first legal work representing a tenant association to secure its rights under the DC Tenant Opportunity to Purchase Act, I have committed my career to thinking about how affordable housing can transform the lives of those who live in it. I am particularly interested in legal issues nonprofits face, supportive housing models and various efforts to rethink public housing, such as the RAD program. I am active with several affordable housing boards and advisory groups and am an adjunct professor at Georgetown University Law Center.

Hotel Conversion and Shelters

Since the start of the pandemic, I am focusing more and more on the conversion of hotels to affordable housing and shelter development and financing. Many states and cities are creating innovative financing programs to capitalize on opportunities to transform distressed hotel assets into affordable housing resources. Likewise, the demand for transitional housing solutions means that we are joining our clients in increasing our focus on developing shelters for individuals and families experiencing homelessness.

Publications & Presentations

  • “Affordable Housing Industry Update,” Pennsylvania Housing Finance Agency (PHFA) and Nixon Peabody, 11/5/2020 (Speaker)
  • “Preservation Transactions: Getting Your Deal Closed!” Institute for Responsible Housing Preservation: Affordable Housing Preservation Symposium, New York, NY, 1/22/20 (Moderator)
  • “Preservation of 202 Properties Through HUD Rental Assistance Demonstration (RAD) Program Webinar,” Catholic Charities USA, 12/19/19 (Speaker)
  • “Tax and Zoning Policies Around New York,” NYSAFAH, Rochester, NY, 9/25/2019 (Speaker)
  • “Joint Venture Training for CBOs and CDCs at NYCHA PACT Sites,” Enterprise Community Partners, Inc., New York, NY, 7/11/2019 (Speaker)
  • “Holistic Development in Overlooked Areas,” Bisnow DC Metro Affordable Housing Summit, Washington, DC, 3/20/2019 (Speaker)
  • “A Closer Look at RAD,” Housing Issues in Focus, New York, NY, 2/6/19 (Speaker)
  • “Portfolio Assessment and Strategies: Developer Perspective,” IPED Conference: Tax Credit Property Dispositions, Los Angeles, CA, 11/1/18 (Moderator)
  • “Let’s Talk about RAD: CHAP to RCC,” Albany, NY, 9/26/18 (Moderator)
  • “Creatives Resources for Affordable Housing: RAD for PRACs,” Catholic Charities USA Annual Gathering, Buffalo, New York, 9/12/18 (Speaker)
  • “Faith-Based Development Panel,” Enterprise Faith-Based Development Initiative, Washington, DC, 6/28/2018 (Panel member)
  • “HUD PRACs, RAD and more Webinar,” Catholic Charities USA, Webinar, 6/14/2018 (Panel member)
  • “The Federal Overlay: New York City Transactions,” New York State Association of Affordable Housing, New York, NY, 5/15/2018 (Panel member)
  • “Spotlight on New York City and State Supportive Housing Financing,” Housing Issues in Focus, New York, NY, 4/5/2018 (Moderator)
  • “Rental Assistance Demonstration (RAD) Strategies,” NH&RA Annual Meeting, Palm Beach, FL, 2/22/2018 (Panel member)
  • “Mixed Use Development: Rethinking Our Commitment to Community Development,” Hand Mixed-Use Forum, Washington, DC, 2/8/2018 (Moderator)
  • “NY Supportive Housing Updates: the ESSHI Program,” Housing Issues in Focus, New York, NY, 11/8/2017 (Speaker)
  • “Assess Your Rights and Duties at Year 15,” IPED Conference: Tax Credit Property Dispositions, Boston, MA, 10/12/2017 (Speaker)
  • “Building Housing with Big Impact,” Upstate New York State Association for Affordable Housing Conference, Buffalo, NY, 9/27/2017 (Moderator)
  • “Closing Basics: Handling a Closing with Skill and Efficiency,” American Bar Association Affordable Housing Forum, Washington, DC, 5/25/2017 (Speaker)
  • “Preservation Case Study Panel on RAD,” Institute for Responsible Housing Preservation, Chicago, IL, 5/16/2017 (Moderator)
  • “Navigating City Approvals: Tax Exemptions and Deed Restrictions,” New York State Association for Affordable Housing, New York, NY, 5/9/2017 (Moderator)
  • “RAD: A New Strategy for Public Housing,” New York City Bar Association, New York, NY, 5/4/2017 (Moderator)
  • “Affordable Housing Development in DC,” Bisnow DC Region Affordable Housing Conference, Washington, DC, 2/9/2017 (Speaker)
  • “New York Update,” Institute for Responsible Housing Preservation, New York, NY, 1/18/2017 (Speaker)
  • “Affordable Housing Panel,” Bisnow Multifamily Annual Conference, Washington, DC, 10/20/2016 (Speaker)
  • “RAD Update,” CohnReznick Affordable Housing Forum, Philadelphia, PA, 9/21/2016 (Speaker)
  • “Portfolio Assessment and Strategies: Evaluating the Market for Property Dispositions at Year 15 and Earlier -Developer Perspective,” IPED Conference: Tax Credit Property Dispositions, Chicago, IL, 9/15/2016 (Moderator)
  • “Assess Your Rights and Duties at Year 15,” IPED Conference: Tax Credit Property Dispositions, Chicago, IL, 9/15/2016 (Speaker)
  • “The Emerging Landscape: The Rental Assistance Demonstration (RAD) Program,” HAND Affordable Housing Opportunities at the Federal Level, Washington, DC, 9/8/2016 (Moderator)
  • “The Emerging Preservation Landscape: The Rental Assistance Demonstration (RAD) Program,” IPED Conference: Transforming Communities with Affordable Housing, Cleveland, OH, 6/30/2016 (Speaker)
  • “Winning an RFP,” New York State Association for Affordable Housing, New York, NY, 5/10/2016 (Moderator)
  • “The Future of Affordable Housing in NYC,” New York City Bar Association, New York, NY, 5/5/2016 (Speaker)
  • “RAD for PRACs,” Leading Age, Syracuse, NY, 4/13/2016 (Speaker)
  • “Non-Profit Issues,” Nixon Peabody, Rochester, NY, 4/6/2016 (Speaker)
  • “RAD Seminar,” New York Housing Conference, New York, NY, 7/14/2015 (Moderator)

New York May Miss the Window to Convert Hotels to Affordable Housing

Bloomberg CityLab | July 01, 2021

In this article, New York City Affordable Housing and Real Estate partner Meghan Altidor discusses how California and New York are turning hotels into housing.

JV Completes $53M Redevelopment of Bronx Senior Community

Multi-Housing News | August 06, 2020

This article on Fort Schuyler House, a 138-unit affordable senior housing community in the Bronx, mentions NP for the work of New York City Affordable Housing & Real Estate partners Joe Lynch and Meghan Altidor, and strategic policy advisor Deborah VanAmerongen representing the developer in the deal.

D.C. Opportunity Zone Developer Closes Financing, To Break Ground Soon On 191 Apartments

Bisnow | April 23, 2020

This article, which mentions NP for representing the developer in the transaction, covers a $50 million financing deal that enables construction of a new 191-unit residential building in Northeast Washington, D.C. The deal team included Washington, D.C. partner Susanna Mitchell, New York City partner Meghan Altidor, and Boston associate Alexander Rosso, all of the Affordable Housing and Real Estate group.

Contact

Meghan C. Altidor

Partner

New York

Phone: 212-940-3021

Washington, DC

Phone: 202-585-8344


Fax: 866-570-0819

Georgetown University Law Center, J.D., cum laude

Massachusetts Institute of Technology, M.A., Urban Studies and Planning

Georgetown University, B.S., magna cum laude

New York

District of Columbia

In 2017, Meghan was recognized by Bisnow as a woman of influence in commercial real estate for the DC region.

Meghan is on the board of the DC-based organization Housing Association of Nonprofit Developers (HAND) and is also on the board of Project FIND, a NYC-based nonprofit housing operator and service provider. Meghan was a founding board member of the New York Housing Conference Young Leadership Council (2009–2016) and a former board member of the New York City Women in Housing and Finance, Inc. (2008–2012). Meghan is a member of the New York State and New York City bar associations, and the American Bar Association Forum on Affordable Housing and is pro bono counsel to a number of housing nonprofit boards. Meghan taught an affordable housing law course at Georgetown University Law Center as an adjunct professor.

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