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Introduction
Jeremy Busch represents a wide variety of clients in affordable housing whose diverse aims include the acquisition, rehabilitation, and preservation of low-income residential units.
My focus
I focus my practice on transaction management, helping clients get to closing with minimal friction. I research and negotiate complex title issues, working to ensure that our clients don’t have to contend with competing possessory interests post-closing. I’ve worked on a variety of transactions across the country involving local housing finance agencies, industrial development agencies, and governmental regulatory bodies. Currently, a substantial portion of my practice involves ground lease acquisitions under the New York City Housing Authority’s Permanent Affordability Commitment Together initiative, an implementation of the United States Department of Housing and Urban Development’s Rental Assistance Demonstration program.
Looking ahead
As the country contends with deteriorating post-war affordable housing stock, state and local governments will develop new programs to incentivize preservation of existing units and low-income unit scarcity will precipitate new government-backed tax credit and subsidy regimes to promote new construction in neighborhoods not historically zoned for residential properties. Renewed focus on increased street homelessness and an aging U.S. population will inspire new initiatives to provide a full array of social services to accompany low-income housing, creating new multi-modal partnerships between developers and nonprofits.
In the news
- New York Real Estate Journal
Merchants Capital provides $348M in Fannie Mae financing for rehabilitation of 87 Brooklyn NYCHA properties
Feb 15, 2024This article, which covers developers securing $348 million in financing to rehab 87 New York City Housing Authority buildings in Brooklyn, mentions NP as one of the organizations that advised on the transaction—representing a developer joint venture of BRP Companies, Fairstead, and Urbane. The NP team was led by New York City Affordable Housing & Real Estate partner Meghan Altidor, and included Strategic Policy Advisor and AHRE deputy practice leader Deborah VanAmerongen, partners Dana Roper of Washington, DC and Darren Miller of Rochester, Rochester counsel Jennifer Berrios, New York City associates Jeremy Busch and Avery Ryou, and New York City senior paralegal Pam Villacis and paralegal Brian Murphy, all of the AHRE practice.
Education
City University of New York School of Law, J.D.
Vassar College, B.A.
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Partner
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- Office:+1 212.940.3161
- ayowell@nixonpeabody.com
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