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Joseph J. Lynch



Joseph Lynch is a partner in the New York City office and represents for-profit and not-for-profit developers of multifamily housing. He has a particular focus on new development and preservation transactions with complex public and private financing. Joe has extensive knowledge about the New York State Private Housing Finance Law, advising clients on various tax exemptions and their benefits, in addition to financing (FHA, LIHTC, Freddie Mac, and Fannie Mae), restructuring, and dissolutions. He advises clients on all areas of affordable housing and real estate including development, construction, financing, sales, regulatory matters, and joint ventures.

Joe is also the team leader of the Nixon Peabody Affordable Housing Transaction team.

What do you focus on?

Affordable Housing is a Real Estate Business with a Regulatory Overlay

Affordable housing is a complex and constantly evolving business. The intricacies of federal, state, and local regulations, and their contradictions, can be difficult to navigate. My focus is analyzing all these rules and regulations and developing a roadmap for my clients that allows for a smoother development process for their properties and, as importantly, helps to achieve their economic and mission-driven goals.

It’s important to remember that affordable housing is real estate. In addition to the regulatory issues, the development of affordable housing is always a real estate transaction with the same legal issues as in conventional real estate, and it is my job to ensure the real estate transaction is in line with the affordable housing restrictions and regulations.

What we offer is up-to-date knowledge of affordable housing issues. The landscape nationally and on a local level is always changing, and our extensive experience with the agencies, as well as the volume of transactions we handle, ensures that we have the advantage of knowing the latest trends and methods to maximize benefits to our clients.

What do you see on the horizon?

COVID-19 has dramatically changed the country’s landscape in many ways. Recovery will require a number of resources, including an increase in affordable housing. Federal and local governments are dedicating the necessary attention and capital to address the housing shortage. Our Affordable Housing team is staying on top of all the latest changes in the industry.

Presentations

  • “The Journey of NYC Affordable Housing,” AABANY Real Estate Committee virtual conference, June 23, 2021
  • “NHRA COVID-19 Member Town Hall Lessons for Closing Transactions in 2020 and Beyond,” September 17, 2020
  • “New York State/New York City Housing Officials,” Institute for Responsible Housing Preservation: Affordable Housing Preservation Symposium, New York, NY, January 22, 2020 (moderator)

Partners secure $71M to acquire, preserve affordable Westchester rental

Real Estate Weekly | May 10, 2021

This article, on Silver Street Development’s joint venture partnership with LIHC Investment Group to rehabilitate low-income housing development Marble Hall Apartments, mentions the firm for the work by New York City Affordable Housing & Real Estate partner Joe Lynch in representing Silver Street.

Rehab starts on New York affordable senior housing

Multi-Housing News | March 30, 2021

This article on the $35.8 million rehabilitation of an affordable housing community for seniors in White Plains, NY, mentions the firm for the work of New York City Affordable Housing & Real Estate partner Joe Lynch and strategic policy advisor Deborah VanAmerongen as borrower counsel.

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.

Breaking Ground Begins Transformation of Former Jehovah's Witnesses Hotel

Affordable Housing Finance | December 02, 2020

This article on the conversion of 90 Sands St.—a well-known building in New York City and former Jehovah Witnesses’ hotel—into affordable and supportive housing mentions the firm for the work of New York City Affordable Housing & Real Estate partner Joe Lynch, strategic policy advisor Deborah VanAmerongen, and associate Julia Casteleiro in representing Breaking Ground, New York’s largest supportive housing developer.

Nonprofit to convert former Brooklyn hotel to apartments

Multi-Housing News | November 24, 2020

The following articles highlight the conversion of 90 Sands St.—a well-known building in New York City and former Jehovah Witnesses’ hotel—into affordable and supportive housing. The firm was mentioned for the work by New York City Affordable Housing & Real Estate partner Joe Lynch, strategic policy advisor Deborah VanAmerongen, and associate Julia Casteleiro in representing Breaking Ground, New York’s largest supportive housing developer.

This week's N.Y. deal sheet

Bisnow | November 24, 2020

This article on the conversion of 90 Sands St.—a well-known building in New York City and former Jehovah Witnesses’ hotel—into affordable and supportive housing mentions the firm for the work of New York City Affordable Housing & Real Estate partner Joe Lynch, strategic policy advisor Deborah VanAmerongen, and associate Julia Casteleiro in representing Breaking Ground, New York’s largest supportive housing developer.

Jehovah's Witnesses' former DUMBO hotel to begin conversion to low-income housing

Brooklyn Daily Eagle | November 23, 2020

The following article highlights the conversion of 90 Sands St.—a well-known building in New York City and former Jehovah Witnesses’ hotel—into affordable and supportive housing. The firm was mentioned for the work by New York City Affordable Housing & Real Estate partner Joe Lynch, strategic policy advisor Deborah VanAmerongen, and associate Julia Casteleiro in representing Breaking Ground, New York’s largest supportive housing developer.

Affordable developer secures financing for Watchtower hotel conversion

Real Estate Weekly | November 23, 2020

The following article highlights the conversion of 90 Sands St.—a well-known building in New York City and former Jehovah Witnesses’ hotel—into affordable and supportive housing. The firm was mentioned for the work by New York City Affordable Housing & Real Estate partner Joe Lynch, strategic policy advisor Deborah VanAmerongen, and associate Julia Casteleiro in representing Breaking Ground, New York’s largest supportive housing developer.

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.

JV Completes $53M Redevelopment of Bronx Senior Community

Multi-Housing News | August 06, 2020

This article on Fort Schuyler House, a 138-unit affordable senior housing community in the Bronx, mentions NP for the work of New York City Affordable Housing & Real Estate partners Joe Lynch and Meghan Altidor, and strategic policy advisor Deborah VanAmerongen representing the developer in the deal.

Contact

Joseph J. Lynch

Partner

New York

Phone: 212-940-3717


Fax: 866-856-4927

Brooklyn Law School, J.D.

Fordham University, B.A.

New York

New Jersey

Joseph was selected, through a peer-review survey, for inclusion in The Best Lawyers in America© 2022 in the field of Real Estate Law.

Joe is a member of the New York Bar Association and the New York City Bar Association and is a board member of the Citizens Housing Planning Council.  He has served on the Mitchell Lama Task Force of the Committee on Low Income and Affordable Housing of the Real Property Section of the New York State Bar Association and the Housing and Urban Development Committee of the New York City Bar.

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