Matthew V. Carrigg - Real Estate lawyer - Nixon Peabody LLP

Matthew V. Carrigg



Matthew Carrigg is a partner in Nixon Peabody’s Affordable Housing and Real Estate Group. Matthew focuses his practice on various commercial and private real estate transactions. He represents borrowers and lenders, commercial real estate developers, and private companies.

What do you focus on?

I focus my practice on all aspects of commercial real estate matters. I have assisted lenders, borrowers, and business clients in connection with commercial real estate transactions. I have experience in drafting buy-sell agreements, and reviewing and negotiating commercial leases, commercial real estate titles, surveys, and traditional and special-purpose entity formations.

Bond/Tax Credit Transactions

I have substantial experience with 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. I regularly represent purchasers, developers, and borrowers on developments with multiple layers of financing.

Acquisition/Disposition/Leasing/M&A

I have substantial experience in all facets of acquisition, disposition, leasing, and mergers and acquisitions. I regularly assemble and lead real estate teams to undertake sophisticated due diligence projects.

Real Property Tax

On real property tax matters, I advise various taxpayers and not-for-profits on real estate tax appeals and other real property tax matters, including payments in lieu of tax (PILOT) agreements for commercial and industrial property owners, and real estate tax exemptions and tax abatements for not-for-profits and housing companies, including the assessment of affordable housing projects under Real Property Tax Law 581-a.

What do you see on the horizon?

Despite persistent economic uncertainty, I have seen growth in the commercial lending markets, and I expect that trend to continue.

Representative Experience

  • A developer in connection with the acquisition and financing of multiple market-rate apartment complexes in Greensboro, North Carolina
  • A developer in a transaction to develop an affordable housing and supportive housing property for low-income seniors and homeless adults in Queens, New York
  • A developer in connection with the financing and rehabilitation of a 100% affordable residential development in Queens that preserved 100 units of studio and one-bedroom apartments for low-income seniors, including formerly homeless individuals, in the Jamaica neighborhood
  • A developer in connection with a 9% new construction and 9% rehab with USDA rural housing debt and Section 811 and Section 521 rental subsidy
  • The borrower in connection with a term loan with respect to certain property in Aurora, New York
  • The borrower in connection with its refinance of 90 residential multifamily apartment units in Amherst, New York
  • The owner in the $26 million redevelopment of Flower City Apartments in the City of Rochester, NY, which consists of 149 units spread across four separate buildings
  • The developer in connection with its acquisition, development, and financing of the rehabilitation of a former mill in Hornell, New York, into 23 units of market-rate housing
  • The developer—a faith-based provider of affordable housing—in connection with the ground lease, development, and financing for the construction of a 135-unit affordable housing project for low-income seniors with supportive services in Brooklyn, New York
  • A developer in connection with its acquisition, rehabilitation, and financing of a 144-unit affordable housing facility in Front Royal, Virginia
  • An affordable housing rehabilitation company in connection with its acquisition, development, and financing of the rehabilitation of a 137-unit affordable housing facility in Potsdam, New York
  • The developer in connection with its acquisition, development, and financing of the rehabilitation of five separate affordable housing and facilities in three counties around the greater Pittsburgh, Pennsylvania, metro area
  • A developer in connection with its development and financing of the rehabilitation of a 376-unit affordable housing facility known as Southeast Towers in Rochester, New York
  • A hospital in connection with its acquisition of an urgent care facility in Clifton Park, New York
  • A property management company in connection with its financing of the acquisition of an 84-unit, market-rate multifamily facility in Amherst, New York
  • A developer in the acquisition, renovation, and rehabilitation of 70 late-19th-century row houses containing more than 200 units, with 40 supportive housing units, in Albany, NY
  • The developer in connection with its acquisition, development, and financing of a new affordable housing facility in Penn Yan, New York
  • A development, construction, and property management company in connection with its acquisition, development, and financing of the rehabilitation of a 63-unit affordable housing facility known as Thurston & Chili Apartments in Rochester, New York
  • A development, construction,and property management company in connection with its acquisition, development, and financing of the construction of a 114-unit affordable housing facility known as Penfield Square Apartments in Penfield, New York
  • A developer in the acquisition, renovation, and rehabilitation of an old school plus new construction in Schenectady, New York, for a project comprising 25 units in the school renovation and 30 new construction units
  • A developer in connection with its acquisition, development, and financing of the construction and rehabilitation of a 54-unit affordable housing facility in Syracuse, New York
  • A developer in connection with its acquisition and financing of the construction of a 72-unit affordable housing facility in Rochester, New York
  • A state-sponsored investment fund in the closing of a revolving construction facility (including the closing of various individual project loans with respect to said facility) in connection with the construction of various solar projects in New York
  • The seller in connection with its sale of an office complex in Henrietta, New York
  • A developer in connection with its development and financing of the rehabilitation of a 129-unit affordable housing development in White Plains, New York

Presentations

  • “Getting Started: Assessing the Market and working with your tax credit agency and developers,” IPED’s Learn the Basics: Housing Tax Credits 101, Boston, MA, March 24, 2022

People on the move

Affordable Housing Finance | February 17, 2022

This column on notable moves within the affordable housing space spotlights the practices and promotions of Affordable Housing and Real Estate partners Lori Bowman and Matt Carrigg in Rochester, and Alex Rosso and Julie Hancock Stande in Boston as part of the firm’s 2022 new partner class.

On the move

The New York Daily Record | February 16, 2022

Affordable Housing & Real Estate partners Lori Bowman and Matt Carrigg and Corporate partner Isaac Figueras, all of Rochester, are featured in this column of notable promotions and moves for their elevations as part of the firm’s new partner class.

Recent hirings and promotions of New York attorneys

New York Law Journal | February 08, 2022

Affordable Housing & Real Estate partners Lori Bowman and Matt Carrigg and Corporate partner Isaac Figueras, all of Rochester, are featured in this roundup for their promotions to partner.

People in the news

McKnight’s Senior Living | February 08, 2022

This roundup of industry moves and promotions features the elevation of Rochester partners Lori Bowman and Matt Carrigg and Boston partners Alex Rosso and Julie Hancock Stande, all of the Affordable Housing & Real Estate practice, as part of NP’s new partner class.

Time to look at assessed values of affordable multi-housing developments

Rochester Business Journal | January 14, 2022

Rochester Affordable Housing & Real Estate associate Matt Carrigg contributed this article outlining the process in New York for evaluating an affordable housing property’s assessed value as tax season approaches. The article addresses the rules and best practices for developers, owners, and purchasers of affordable multi-family housing developments when preparing for assessment.

Commercial real estate experts: ‘Planning is key’ in today's market

Rochester Business | November 12, 2021

This article, part of the publication’s special report on “Commercial Real Estate & Lending,” extensively quotes Rochester Affordable Housing & Real Estate associate Matt Carrigg for his outlook on how labor shortages, caused by COVID, are impacting the industry. Matt also provides best practices for developers in navigating new challenges in the industry.

National Standard Abstract provides title insurance for CB Emmanuel 30 million rehabilitation project

New York Real Estate Journal | March 02, 2021

This article, focusing on the slated project to preserve Calvary Baptist Church Senior Housing’s studio and one-bedroom apartments for low-income seniors, mentions the firm for the work by New York City partner Joe Lynch and strategic policy advisor Deborah VanAmerongen and Rochester associate Matt Carrigg, all in the Affordable Housing & Real Estate group, in advising CB Emmanuel.

Outcomes from pandemic make Rochester an appealing location for new business

Rochester Business Journal | October 02, 2020

In this article on Rochester’s mix of housing and real estate developments, Rochester Affordable Housing & Real Estate associate Matt Carrigg is quoted for his outlook on the uptick in affordable housing developments, and interest from local and out-of-state developers.

Catholic Charities Starts Work on New Queens Development

Real Estate Weekly | September 28, 2020

This article on the ground-breaking of Bishop Valero Residence, an affordable housing development for low-income seniors and formerly homeless adults, quotes New York Affordable Housing & Real Estate partner Joe Lynch for leading the team that advised Catholic Charities Progress of Peoples Development Corporation. The deal team also included Rochester Affordable Housing & Real Estate partner Darren Miller and associate Matt Carrigg.

Contact

Matthew V. Carrigg

Partner

Rochester

Phone: 585-263-1214


Fax: 844-823-8123

Syracuse University College of Law, J.D.

St. Lawrence University, B.A., Government, cum laude

New York

  • Named to the 2022 list of “Ones to Watch” by The Best Lawyers in America© for Real Estate Law in Rochester, NY
  • United Way of Broome County, former board member and assistant treasurer; Investment, Finance and Executive committees
  • Metro Interfaith Housing Management Corporation, board member
  • New York State and Broome County bar associations 
  • Rochester Childfirst Network
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