Sonia Nayak’s practice centers on real estate development and financing, including new markets tax credits, affordable housing and commercial lending.
Much of my work involves bringing private capital to community and affordable housing development projects in California and nationwide. For example, I help investors—large financial institutions, regional banks and funds—leverage unique financing structures and tools to infuse development projects with the capital needed to bring critical services to underserved neighborhoods and communities. These development projects use financing programs such as the federal low-income housing tax credit and new markets tax credit, and include affordable multifamily rental housing complexes, health care facilities, charter schools, cultural and community centers and research and technology incubator facilities.
I also work with developers, particularly in and around the Los Angeles area, helping them to acquire, finance, develop and manage their real estate assets. These assets include office buildings, industrial/manufacturing sites and other commercial real estate properties, as well as multifamily housing developments.
For me, it’s rewarding to drive through my city—or even travel to other parts of the country where projects I’ve worked on are located—and know the story and the people behind these important developments, and to see how these developments can positively impact the surrounding community.
Much of my work involves bringing capital—in the form of new markets tax credit financing—to new businesses looking to operate in low-income neighborhoods throughout the country. My representation includes investors, lenders, community development entities and qualified borrowers.
I also work with investors, financial institutions and developers on low-income housing tax credit transactions, the proceeds of which help finance affordable housing developments. Having formerly worked at AIG SunAmerica, I understand investors’ goals and the legal intricacies necessary to achieve those goals.
In light of recent tax reform, the collaboration between public and private entities will become vital to financing and constructing community development and affordable housing projects.
Affordable Housing Finance | February 10, 2020
This roundup of personnel moves in the affordable housing space highlights the promotions of Los Angeles Community Development partner Sonia Nayak, Washington, DC, Affordable Housing and Real Estate partner Dara Newman Histed, and New York City Affordable Housing and Real Estate partner Dana Roper, all of whom officially joined the NP partnership this month.
Law.com – The Recorder | February 07, 2020
This round-up of personnel moves in the legal industry mentions Los Angeles Community Development Finance partner Sonia Nayak, who officially joined the NP partnership as of Feb. 1.
Bisnow | February 04, 2020
This round-up of executive and transactional news in Southern California notes the promotion of Los Angeles Community Development Finance attorney Sonia Nayak to partner.
The Deal | February 04, 2020
This column of notable executive moves in the legal industry included a write-up on the promotion of Nixon Peabody’s 2020 new partner class: Laura Bacon, Shariff Barakat, Katie Baynes, Robert Fisher, Kimberly Harding, Brian Mahoney, Sonia Nayak, Dara Newman Histed, Morgan Nighan, Chris Porzio, Rachel Pugliese, Dana Roper, and Peter Trimarchi.
Reuters Legal | February 03, 2020
This roundup of personnel moves in the legal industry highlights the 13 members of Nixon Peabody’s 2020 new partner class: Laura Bacon, Shariff Barakat, Katie Baynes, Robert Fisher, Kimberly Harding, Brian Mahoney, Sonia Nayak, Dara Newman Histed, Morgan Nighan, Chris Porzio, Rachel Pugliese, Dana Roper and Peter Trimarchi.
Los Angeles Business Journal | April 07, 2019
Nixon Peabody Community Development Finance counsel Sonia Nayak has been recognized as one of the top women lawyers in the city on Los Angeles Business Journal’s annual list.
University of the Pacific, McGeorge School of Law, J.D.
University of California, Irvine, B.A., Political Science
Sonia is a member of the California State Bar and a member of the Los Angeles and San Francisco County Bar Associations