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.
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.
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.
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.
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.
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.
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.
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.
Affordable Housing Alert | 04.26.21
Affordable Housing | 11.09.20
Affordable Housing Alert | 11.05.20
Affordable Housing Alert | 05.28.20
Affordable Housing Alert | 04.03.20
Real Estate | 03.04.20
Affordable Housing Alert | 09.06.19
08.19.21 | Virtual Event
11.05.20 | Virtual Event
10.03.19 | New York, NY
09.24.19 | Rochester, NY
02.06.19 | New York, NY
09.26.18 | Albany, NY
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
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.