Alex Rosso is counsel in the Affordable Housing group. He represents developers and lenders in acquiring, rehabilitating and financing affordable housing projects nationwide.
I focus on real estate transactions involving all aspects of affordable housing development, including the acquisition, financing, construction and preservation of multifamily housing. The projects I work on typically involve mixed financing comprised of equity and debt funding sources. These projects typically receive low-income housing tax credits and tax-exempt bond proceeds, and many receive a combination of subordinate debt from federal, state or local programs. I have also closed transactions combining low-income housing tax credits with new markets tax credits and historic rehabilitation tax credits.
My experience in closing hundreds of multifamily real estate transactions insured by the U.S. Department of Housing and Urban Development (HUD), including construction, acquisition and refinancing loans utilizing multiple financing structures, gives me substantial knowledge and understanding of the Federal Housing Administration (FHA) insurance programs, including Sections 207, 221(d)(4) and 232, as well as related HUD regulatory programs, including the transfer of an FHA-insured loan pursuant to HUD’s Transfer of Physical Asset (TPA) requirements and HUD approvals for the assignment of Section 8 contracts.
I am also experienced in acquisition and refinancing loans to be purchased by Fannie Mae and Freddie Mac, including both market rate and affordable transactions.
As the demand for multifamily housing continues to grow, developers and owners of multifamily housing are confronted with the challenges of finding new, creative ways to leverage public and private resources. Many federal, state and local programs are devoting new resources to the development and preservation of affordable housing and the opportunity for developers who are able to successfully navigate the transactional and regulatory framework to access these resources is unprecedented. Additionally, interest rates are currently at historic lows, which creates significant opportunities for long-term financing products such as FHA.
New York YIMBY | August 04, 2021
This article covers Camber Property Group&rsquos latest acquisition of an affordable housing apartment in the New York City neighborhood of Harlem. The deal will extend affordability protections for the maximum 40-year term through a new U.S. Department of Housing and Urban Development contract and an agreement with the City of New York. NP is mentioned for the work by New York City partner Aaron Yowell, strategic policy advisor Deborah VanAmerongen, and associate James Allen, and Boston counsel Alexander Rosso, all in the Affordable Housing & Real Estate group, for advising Camber Property.
Commercial Observer | May 10, 2021
New York City Affordable Housing & Real Estate partner Joe Lynch is mentioned in this article for representing Silver Street Development in its joint venture partnership with LIHC Investment Group to rehabilitate the Marble Hall Apartments low-income housing development. The deal team also included Washington, D.C. partner Steve Wallace, Boston counsel Alex Rosso, and New York City associate Alex Hohauser, all of the Affordable Housing & Real Estate group.
Bloomberg Law | February 17, 2021
This roundup of notable legal industry news and people moves includes Nixon Peabody’s promotion of 12 attorneys to counsel.
Seniors Housing Business | October 06, 2020
The following article cover NP’s role in securing financing deals for client Wollaston Lutheran Housing, allowing the affordable-housing provider to substantially upgrade two properties in Quincy, MA. Boston Affordable Housing & Real Estate partner Jeff Sacks led the deal team, which also included Boston associates Ali Walendziak and Alexander Rosso, and Washington, DC counsel Anthony Ruvolo, all of the Affordable Housing & Real Estate group.
REBusinessOnline | October 05, 2020
The following article cover NP’s role in securing financing deals for client Wollaston Lutheran Housing, allowing the affordable-housing provider to substantially upgrade two properties in Quincy, MA. Boston Affordable Housing & Real Estate partner Jeff Sacks led the deal team, which also included Boston associates Ali Walendziak and Alexander Rosso, and Washington, DC counsel Anthony Ruvolo, all of the Affordable Housing & Real Estate group.
Connect Media CRE | October 05, 2020
The following article cover NP’s role in securing financing deals for client Wollaston Lutheran Housing, allowing the affordable-housing provider to substantially upgrade two properties in Quincy, MA. Boston Affordable Housing & Real Estate partner Jeff Sacks led the deal team, which also included Boston associates Ali Walendziak and Alexander Rosso, and Washington, DC counsel Anthony Ruvolo, all of the Affordable Housing & Real Estate group.
Senior Housing News | July 22, 2020
Nixon Peabody client Hebrew SeniorLife (HSL) was included in this roundup of notable deals for closing on the financing of two Boston-area properties that will help the organization with its post-pandemic future. Affordable Housing & Real Estate partner Jeff Sacks, and associates Ali Walendziak and Alexander Rosso were mentioned for representing HSL in the Randolph financing. Jeff Sacks and Affordable Housing & Real Estate associate Julie Hancock Stande were noted for representing HSL in the Brookline transaction. All the attorneys are based in Boston.
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.
George Washington University Law School, J.D.
Hobart College, B.A.
Connecticut
District of Columbia
Maryland
Massachusetts
