Jessica M. Valentino is an associate in the Affordable Housing group that represents nonprofit and for-profit developers across the country in transactional matters involving multifamily affordable housing.
I work with clients to structure and close affordable housing transactions involving the new construction, preservation, acquisition and operation of multifamily properties. Often these deals feature low-income housing tax credits, tax-exempt bonds and a mix of other federal, state and local government subsidies. I enjoy anticipating issues and guiding clients through overlays of debt and equity and public and private financing to contribute to stronger housing nationally.
Transactions in the affordable housing industry often depend on partnerships between multiple parties, including nonprofit organizations, government agencies and for-profit firms. The transactions I find most rewarding require a high level of collaboration, such as RAD private-public partnerships. I draw from my prior experience in government, lawyering for one of the leading issuers of affordable housing bonds (NYSHFA) and, in the private sector, previously specializing in corporate matters.
Despite continued political and fiscal uncertainty, affordable housing advocates remain committed to creative, resourceful solutions. We are seeing unprecedented deals involving complex combinations of incomes and financing sources, which pose new challenges and opportunities.