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Introduction
Alex Rosso is a partner in the Affordable Housing group. He represents developers in acquiring, rehabilitating and financing affordable housing projects nationwide.
My focus
Affordable Housing Development
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.
HUD
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.
Fannie Mae/Freddie Mac
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.
My practice is focused on projects located in Massachusetts, New York, and the Washington, DC, area.
Looking ahead
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, as we continue to recover from the COVID-19 pandemic, there is an increased recognition of the need for more affordable housing, which we look forward to working with clients and industry partners to bring to market.
Insights
- “What's new with HUD Programs and Funding, including combining with LIHTC,“ Texas Housing Conference 2022, July 25, 2022
- “MAP Guide Update and Lesson Learned from Remote Closings,“ 2022 Forum on Affordable Housing Annual Meeting, May 26, 2022
- “Land Security is Food Security,“ 7th Massachusetts Urban Farming Conference, March 5, 2021
Admitted to practice
Connecticut
District of Columbia
Maryland
Massachusetts
Education
George Washington University Law School, J.D.
Hobart College, B.A.
Professional activities
- Citizens’ Housing & Planning Association, Production and Preservation Committee
- Urban Farming Institute, Pro bono counsel
Recognition
- Received a Best Lawyers: Ones to Watch 2023 recognition in the field of Real Estate Law.
In the News
- Affordable Housing Finance
People on the move
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.Feb 17, 2022 - McKnight’s Senior Living
People in the news
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.Feb 8, 2022 - New York YIMBY
$30 million acquisition of the Johanna Apartments preserves affordable housing Harlem, Manhattan
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.Aug 4, 2021 - Commercial Observer
Silver Street, LIHC spearheading NY affordable housing rehab after $55M buy
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.May 10, 2021 - Bloomberg Law
Wake Up Call
This roundup of notable legal industry news and people moves includes Nixon Peabody’s promotion of 12 attorneys to counsel.Feb 17, 2021 - Seniors Housing Business
Nixon Peabody Arranges $48.8M in Financing to Upgrade Two Wollaston Affordable Communities Near Boston
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.Oct 6, 2020 - REBusinessOnline
MassHousing Provides $28.9M Loan for Refinancing of Multifamily Asset in Metro Boston
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.Oct 5, 2020 - Connect Media CRE
Nixon Peabody Secures $29M Refinancing for Affordable Housing Development in Quincy
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.Oct 5, 2020 - Senior Housing News
Transactions & Financings
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.July 22, 2020 - Bisnow
D.C. Opportunity Zone Developer Closes Financing, To Break Ground Soon On 191 Apartments
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.April 24, 2020 - Law360
3 Firms Steer $1B Real Estate Portfolio Deals Through Feb.
Boston M&A and corporate transactions partners Linda Ji and Jack Fainberg were noted as representing Chinese companies Cindat Capital Management Ltd. and Union Life Insurance Co. in a joint venture to invest $930 million in a real estate portfolio held by U.S. health care company Welltower Inc. The full deal team included partners Allen Lynch, Colette Dafoe, and Sean Clancy, and associates Dustin Hawks, Julia Walcott, and Alexander Rosso.March 9, 2017
Insights And Happenings
View AllProfessionals in the Practice Area
View AllDeborah VanAmerongen
Strategic Policy Advisor / Deputy Practice Group Leader, Affordable Housing & Real Estate- New York
- Office:212.940.3054
- dvanamerongen@nixonpeabody.com
-
