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Journal of Affordable Housing | July 26, 2021
Washington, DC Affordable Housing & Real Estate partner and Housing Regulatory team leader Richard Price and associate Rebecca Simon contributed this article discussing recent developments in the U.S. Department of Agriculture’s Rental Housing Service programs, funding issues that have created challenges to preservation, and preservation strategies that have been used to overcome, in part, the funding challenges.
New York Law Journal | July 16, 2021
This roundup of notable New York State legal moves includes the arrivals of Rochester associates Mauricio Cuellar, Steve Fantuzzo, and Matthew King, all of the Affordable Housing & Real Estate group.
Spectrum News | July 15, 2021
Los Angeles office managing partner Justin Thompson, of the Affordable Housing & Real Estate group, is quoted throughout this article discussing some of the legal hurdles and general challenges companies could face as they plan to roll out drone delivery.
The Deal | July 15, 2021
In two separate articles, the publication highlighted the firm for advising American International Group, Inc. in the pending sale of a $5.1 billion affordable housing portfolio to Blackstone Real Estate Income Trust. Washington, DC Community Development Finance partner Liz Young is noted in one of the stories for leading the NP deal team.
In addition to Liz, the NP team includes Affordable Housing & Real Estate partner Dara Histed, Project Finance & Public Finance partner Carla Young, Community Development Finance senior counsel Jeff Lesk, and Corporate partner John Partigan, all of Washington, DC; Global Finance partner Amanda Darwin, Affordable Housing & Real Estate associates Julie Stande and Ali Walendziak, and Community Development Finance associate Nury Aguasvivas, all of Boston; Affordable Housing & Real Estate associate Emily Schwebke and Project Finance & Public Finance resident attorney Jacalyn Smith, both of Chicago; Manchester Affordable Housing & Real Estate associate Talia Burghard; Long Island Affordable Housing & Real Estate paralegal Lori Esposito; and Los Angeles Corporate paralegal Mina Gonzaque-Taylor.
Crain’s Chicago | July 12, 2021
This column of notable executive moves includes Chicago Community Development Finance associate Kate Michalski and her arrival to the firm.
Bloomberg CityLab | July 01, 2021
In this article, New York City Affordable Housing and Real Estate partner Meghan Altidor discusses how California and New York are turning hotels into housing.
Power Finance & Risk | June 30, 2021
This article on the Internal Revenue Service’s one-year extension for renewable energy projects to qualify for federal tax credits quotes Washington, DC Community Development Finance partner Shariff Barakat for his outlook on the bifurcation of the safe harbor and the “continuous effort” rule.
Massachusetts Lawyers Weekly | June 28, 2021
This special feature highlights Boston co-office managing partner Chris Froeb, of the Affordable Housing & Real Estate group, as a “go to” commercial real estate attorney in the state.
New York Law Journal | June 23, 2021
Cooperatives & Condominiums team leader and New York City Affordable Housing & Real Estate partner Erica Buckley contributed this column on New York state’s mortgage recording tax credit, which offers relief to real estate professionals, and how the governor’s executive order suspending the deadline to take advantage of the credit will alleviate some of the marketplace disruptions caused by COVID-19.
McKnight’s Senior Living | June 22, 2021
The following trade publication covered the appointment of Washington, DC partner Matthew Mullen to lead the Community Development Finance group in their columns of notable executive moves within the industry.
National Housing & Rehabilitation Association/HousingOnline.com | June 22, 2021
The following article highlights NP’s work on a complex financing transaction and status conversion that will provide St. Stephens Retirement Center in San Diego with decades of financial certainty as well as funding to rehabilitate the property. This is the first deal ever in California to utilize the U.S. Department of Housing and Urban Development’s (HUD) “RAD for PRAC” program, which can help owners of eligible seniors housing properties convert existing rental assistance contracts to enable access to private capital for conducting repairs and improvements, as well as maintaining ownership in affordable housing properties. Washington, DC senior counsel Monica Sussman and New York counsel Kathie Soroka led the deal team, which also included Washington, DC associate Brendan Cardella-Koll, all of the Affordable Housing & Real Estate group.
WBUR | June 22, 2021
This article quotes Boston Affordable Housing & Real Estate partner Jeff Sacks related to Jamaica Plain’s Forbes building, where the owners are trying to keep the development affordable and prevent current residents from being displaced.
Affordable Housing Finance | June 21, 2021
The following trade publication covered the appointment of Washington, DC partner Matthew Mullen to lead the Community Development Finance group in their columns of notable executive moves within the industry.
McKnight’s Senior Living | June 21, 2021
The following article highlights NP’s work on a complex financing transaction and status conversion that will provide St. Stephens Retirement Center in San Diego with decades of financial certainty as well as funding to rehabilitate the property. This is the first deal ever in California to utilize the U.S. Department of Housing and Urban Development’s (HUD) “RAD for PRAC” program, which can help owners of eligible seniors housing properties convert existing rental assistance contracts to enable access to private capital for conducting repairs and improvements, as well as maintaining ownership in affordable housing properties. Washington, DC senior counsel Monica Sussman and New York counsel Kathie Soroka led the deal team, which also included Washington, DC associate Brendan Cardella-Koll, all of the Affordable Housing & Real Estate group.
Bloomberg Law | June 14, 2021
This column of notable legal news highlights the appointment of Washington, DC partner Matthew Mullen to lead the Community Development Finance group.
Power Finance & Risk | June 09, 2021
This article mentions NP for advising DIF Capital Partners’ infrastructure fund on its agreement to acquire the Kingfisher wind farm in Oklahoma. The deal team includes Washington, DC Community Development Finance partner Shariff Barakat, Rochester Corporate partner Lori Green, Buffalo Global Finance partner Martha Anderson, and Rochester Corporate associate Aya Hoffman.
Also contributing to the deal were New York City Corporate partner Rick Cox; Manchester partner Mark Beaudoin and San Francisco partner Alison Torbitt, both of the Affordable Housing & Real Estate group; and Washington, DC partners Elizabeth Whittle and Bob Daileader and counsel Ken Weiner, all of the Project Finance & Public Finance group.
Washington Business Journal | June 01, 2021
This article mentions NP for advising the American Bankers Association on the lease of its new 87,000-square-foot headquarters. Washington, DC office managing partner Colette Dafoe and Chicago associate Emily Schwebke, both of the Affordable Housing & Real Estate group, negotiated the lease on behalf of ABA while Rochester Affordable Housing & Real Estate partner Darren Miller led negotiations on construction and architect agreements for the build-out.
The Daily Record | May 28, 2021
Rochester office managing partner Jared Lusk, of the Affordable Housing & Real Estate group, is quoted extensively in this article on how the professional services industry is preparing for a post-COVID world, discussing the rise in remote work, and the resiliency and openness to new ideas the industry has shown over the past 18 months.
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.
Rochester Business Journal | April 23, 2021
This feature story on growth and expansion of NP client REV LNG LLC, which specializes in renewable energy project development and mobile energy services, quotes Rochester office managing partner Jared Lusk, of the Affordable Housing & Real Estate group, for NP’s close partnership and collaboration with REV LNG CEO David Kailbourne to help grow the company.
Washington Business Journal | April 15, 2021
This article on clean technology in the Washington, DC region details New Partners Community Solar’s roots within our firm, as well as the organization’s mission, and quotes New Partners CEO Herb Stevens and President Jeff Lesk, both senior counsel with the Community Development Finance group in DC.
Bloomberg Tax | April 13, 2021
In this article about new proposed IRS rules for foreign investors in opportunity zones, Boston Community Development Finance partner Forrest Milder is quoted on the challenges these investors could face in trying to benefit from the tax breaks.
Rochester Business Journal | April 09, 2021
Rochester Affordable Housing & Real Estate associate Sarah Lobe and senior environmental health engineer Libby Ford contributed this article on the proposed environmental rights amendment to the Bill of Rights of the New York State Constitution, on which New Yorkers will vote in November.
Law360 | April 01, 2021
This article on notable moves in real estate law includes Chicago Affordable Housing & Real Estate partners Jim Mayer’s and Mike Kuppersmith’s move to the firm.
Reuters Legal | March 22, 2021
This national column of notable legal moves includes Chicago Affordable Housing & Real Estate partners Jim Mayer’s and Mike Kuppersmith’s move to the firm.
Los Angeles Times | March 22, 2021
Los Angeles office managing partner Justin Thompson, of the Affordable Housing & Real Estate group, participated in a virtual roundtable discussion on COVID-19’s impact on commercial real estate, market-driving trends, and what’s on the horizon for the industry.
Law360 | March 19, 2021
Cooperatives and Condominiums practice team leader and New York City partner Erica Buckley is featured in this Q&A article on her outlook for New York’s affordable and middle-market residential sectors during the pandemic. This story is part of a series spotlighting female real estate leaders during Women’s History Month.
City & State | March 16, 2021
Cooperatives & Condominiums practice team leader and New York City Affordable Housing & Real Estate partner Erica Buckley is included in this list of attorneys influencing New York’s political and government spheres.
Chicago Daily Law Bulletin | March 15, 2021
This column of notable legal news includes Chicago Affordable Housing & Real Estate partners Jim Mayer’s and Mike Kuppersmith’s move to the firm.
The American Lawyer | March 12, 2021
This article on the uptick in hiring of transactional partners among Big Law firms includes Chicago Affordable Housing & Real Estate partners Jim Mayer’s and Mike Kuppersmith’s move to the firm.
Bloomberg Law | March 11, 2021
This column of notable legal news includes Chicago Affordable Housing & Real Estate partners Jim Mayer’s and Mike Kuppersmith’s move to the firm.
Newsday | March 10, 2021
This article on New York Gov. Cuomo’s COVID-19 Emergency Protect Our Small Businesses Act quotes Long Island Affordable Housing & Real Estate counsel Michael Webb on the law’s eviction safeguards for small businesses and landlords, the businesses that the law applies to, and exceptions for evictions.
Regulatory Compliance Watch | March 08, 2021
In this article on how opportunity zones have attracted examiner interest, Boston Community Development Finance partner Forrest Milder is quoted on IRS guidelines around opportunity zones, the delays caused by COVID, and what constitutes a qualified asset.
Capital Region Chamber | March 08, 2021
This column of notable moves in New York’s Capital Region includes Albany Affordable Housing & Real Estate counsel Beth Morss’ move to the firm.
New York Law Journal | March 08, 2021
In the latest installment of her “Ask the Former Regulator“ column, Cooperatives & Condominiums team leader and New York City Affordable Housing & Real Estate partner Erica Buckley discusses the Multiple Dwelling Law and the proposed law to allow the conversion of a hotel to a for-sale condominium.
Law360 | March 08, 2021
This contributed article, which examines the OCC’s finalized rule governing national banks’ ability to participate in equity-based finance structures involving tax credits, was authored by Project Finance & Public Finance partner Ellen Friedman and Global Finance senior counsel Larry Fruchtman, both in New York City; Community Development Finance partner Forrest Milder in Boston; and Community Development Finance partners Michael Goldman and Shariff Barakat, both in Washington, DC.
Newsday | March 04, 2021
Long Island Affordable Housing & Real Estate counsel Michael Webb was included in this column of notable executive news on Long Island for his promotion to counsel.
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.
Tax Credit Advisor | March 01, 2021
This article quotes Boston Community Development Finance partner Forrest Milder on the 4 percent Low-Income Housing Tax Credit floor included in COVID-19 legislation, specifically related to parties that acquired used facilities in 2020 with 2021 bonds.
Rochester Business Journal | February 26, 2021
Rochester office managing partner and Affordable Housing & Real Estate partner Jared Lusk has been named to the publication’s “Power 100 List 2021”. The accolade also includes a short Q&A article on Jared’s proudest accomplishments, community involvement, and important lessons he’s learned.
Bloomberg Law | February 18, 2021
San Francisco Affordable Housing & Real Estate partner Alison Torbitt contributed this article on how the California Environmental Protection Agency’s vapor intrusion guidance may impact residential development on the state’s brownfields.
Innovate Long Island | February 17, 2021
This morning roundup of notable business news in Long Island includes the launch of the Long Island office’s “What’s New” virtual workshop series, designed to keep participants up-to-date with the fast-paced, post-pandemic changes across law and industry.
Bloomberg Law | February 17, 2021
This roundup of notable legal industry news and people moves includes Nixon Peabody’s promotion of 12 attorneys to counsel.
WealthManagement.com | February 09, 2021
This article, on how investors are finding more ways to invest in affordable housing, quotes New York City Affordable Housing & Real Estate strategic policy advisor Deborah VanAmerongen on how geography comes into play with tax credits and investments made by private equity firms and developers.
Banker & Tradesman | February 01, 2021
This roundup of appointments and executive moves across the Massachusetts real estate and banking sectors covers Boston Affordable Housing & Real Estate partner Jeff Sacks’ appointment as chairman of the board for Boston-based developer, owner, and operator 2Life Communities.
Real Estate Finance Journal | February 01, 2021
New York Affordable Housing & Real Estate counsel Richard Shore contributed this article analyzing the recent decision in Backal Hospitality Group, LLC v. 627 West 42nd Retail LLC and what it means for commercial tenants and landlords and future proceedings related to the nonpayment of rent during COVID-19.
Bloomberg Law | February 01, 2021
The launch of the firm’s State Attorneys General practice team is included in this roundup of notable legal news. The team is led by New York Affordable Housing & Real Estate partner Erica Buckley; New York partner Travis Hill and Boston partners Bill Codinha and Rob Fisher, of the Government Investigations & White Collar Defense group.
New York Law Journal | January 28, 2021
The launch of the firm’s State Attorneys General practice team is included in this roundup article of notable legal news. The team is led by New York Affordable Housing & Real Estate partner Erica Buckley; New York partner Travis Hill and Boston partners Bill Codinha and Rob Fisher, of the Government Investigations & White Collar Defense group.
Seniors Housing Business | January 28, 2021
This article covers Boston Affordable Housing & Real Estate partner Jeff Sacks for being named chairman of the board for Boston-based developer, owner, and operator 2Life Communities. The article highlights Jeff’s work in Massachusetts to transform outdated public housing projects into vital communities for low-income residents.
Affordable Housing Finance - Lessons Learned in 2020 | January 04, 2021
New York City Affordable Housing & Real Estate strategic policy advisor Deborah VanAmerongen is quoted in Affordable Housing Finance’s 2021 outlook and 2020 year-end articles. Deborah is quoted for her perspective on the exponential growth in the need for affordable housing and how the adjustments by industry practitioners to the “new normal“ improved efficiency.
Affordable Housing Finance | January 04, 2021
New York City Affordable Housing & Real Estate strategic policy advisor Deborah VanAmerongen is quoted in Affordable Housing Finance’s 2021 outlook and 2020 year-end articles. Deborah is quoted for her perspective on the exponential growth in the need for affordable housing and how the adjustments by industry practitioners to the “new normal“ improved efficiency.
Boston Business Journal | December 29, 2020
This article, which discusses office and retail space remaining empty and landlords beginning to sue for rent payment, mentions the formation of NP’s Commercial Lease Disputes practice team in anticipation of a potential wave of cases. Boston Affordable Housing & Real Estate partner Matthew Lynch, Providence Complex Commercial Disputes partner Jeff Brenner, and Washington, D.C. Complex Commercial Disputes partner Vernon Johnson co-lead the new practice team.
Tax Notes | December 28, 2020
Boston Community Development Finance partner Forrest Milder co-authored this letter to the IRS, republished by Tax Notes, related to income averaging regulations for low-income housing tax credits.
CoStar News | December 23, 2020
Boston Community Development Finance partner Forrest Milder and Washington, D.C. Affordable Housing & Real Estate partner Richard Price comment on the low-income housing tax credit rate being fixed at 4% in Congress’ recently passed spending bill, and what that could mean in practical terms.
Law360 | December 23, 2020
This article on how commercial landlords are navigating rent disagreements with tenants quotes Commercial Lease Disputes team co-leader and Boston Affordable Housing & Real Estate partner Matthew Lynch on the unusual nature of the current environment, and the potential for judges in some instances to read outside the four corners of the lease.
Crain’s New York | December 21, 2020
Cooperatives & Condominiums team leader and New York City partner Erica Buckley is featured in this article for being named one of the city’s “Notable Women in Law“ for the third year in a row.
Connect CRE | December 18, 2020
The firm was mentioned in this article on the FHA Section 223(f) refinancing loan for Israel Senior Citizen Housing I and II, an apartment complex for the elderly in the Far Rockaway neighborhood of Queens, NY. Washington, D.C. partner Susanna Mitchell and New York City strategic policy advisor Deborah VanAmerongen, both of the Affordable Housing & Real Estate group, advised JASA Corporation in the deal.
Real Estate Weekly | December 16, 2020
The firm was mentioned in this article on the FHA Section 223(f) refinancing loan for Israel Senior Citizen Housing I and II, an apartment complex for the elderly in the Far Rockaway neighborhood of Queens, NY. Washington, D.C. partner Susanna Mitchell and New York City strategic policy advisor Deborah VanAmerongen, both in the Affordable Housing & Real Estate group, advised JASA Corporation in the deal.
New York Law Journal | December 11, 2020
In the latest installment of her “Ask the Former Regulator“ column, New York City Affordable Housing and Real Estate partner Erica Buckley discusses whether a housing development fund company that operates as a housing cooperative can go private and what factors shareholders need to consider.
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.
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.
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.
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.
WROC-TV News 8 | November 18, 2020
This broadcast segment features Rochester office managing partner Jared Lusk, of the Affordable Housing & Real Estate group, and longtime client REV LNG CEO David Kailbourne discussing how the company has grown in the renewable energy sector while also making a positive impact on the Rochester community.
Multi-Housing News | November 03, 2020
The following article covers client Avanath Capital Management’s acquisition of a 207-unit apartment community in Boston, a complex transaction that will preserve Morton Village as an affordable housing property for many years to come. The stories mention NP for the firm’s work as legal counsel and name members of the deal team, New York City partner Tatiana Gutierrez, Boston partners Jeff Sacks and Ruth Silman, and associate Ali Walendziak, all of the Affordable Housing & Real Estate group.
Modern Restaurant Management | November 02, 2020
This roundup of current industry issues to watch highlights several thought leadership pieces from NP’s recently published fourth-quarter Food & Beverage Crystal Ball. The publication summarizes trends provided by San Francisco partner Alison Torbitt and counsel Ian O’Banion, both of the Affordable Housing & Real Estate Group; Rochester Corporate associate Isaac Figueras; and San Francisco Labor & Employment associates Rachel Conn and Maritza Martin.
Yield PRO | November 02, 2020
The following article covers client Avanath Capital Management’s acquisition of a 207-unit apartment community in Boston, a complex transaction that will preserve Morton Village as an affordable housing property for many years to come. The stories mention NP for the firm’s work as legal counsel and name members of the deal team, New York City partner Tatiana Gutierrez, Boston partners Jeff Sacks and Ruth Silman, and associate Ali Walendziak, all of the Affordable Housing & Real Estate group.
NJBiz | October 22, 2020
This article mentions the firm for representing Hudson Valley Property Group LLC in its partnership with Nuveen Investments for the purchase of a 412-unit affordable apartment portfolio in Jersey City. The deal team included New York partner Aaron Yowell and strategic policy advisor Deborah VanAmerongen, Boston partner Chris Froeb, and Washington, D.C. partner Susanna Mitchell, all of the Affordable Housing & Real Estate group.
Affordable Housing Finance | October 21, 2020
This article mentions the firm for representing Hudson Valley Property Group LLC in its partnership with Nuveen Investments for the purchase of a 412-unit affordable apartment portfolio in Jersey City. The deal team included New York partner Aaron Yowell and strategic policy advisor Deborah VanAmerongen, Boston partner Chris Froeb, and Washington, D.C. partner Susanna Mitchell, all of the Affordable Housing & Real Estate group.
Real Estate Weekly | October 13, 2020
This article mentions the firm for representing Hudson Valley Property Group LLC in its partnership with Nuveen Investments in the purchase of a 412-unit affordable apartment portfolio in Jersey City. The deal team included New York partner Aaron Yowell and strategic policy advisor Deborah VanAmerongen, Boston partner Chris Froeb, and Washington, D.C. partner Susanna Mitchell, all of the Affordable Housing & Real Estate group.
Seniors Housing Business | October 06, 2020
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.
REBusinessOnline | October 05, 2020
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.
Connect Media CRE | October 05, 2020
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.
WRCN 103.9 FM Long Island Radio | October 04, 2020
Cooperatives & Condominiums practice team leader and New York Affordable Housing & Real Estate partner Erica Buckley was featured in this radio segment focusing on the Martin Act (one of the most exhaustive securities laws in the country), New York State filings and compliance, and investigation and enforcement by the New York Attorney General.
Rochester Business Journal | October 02, 2020
In this article on Rochester’s mix of housing and real estate developments, Rochester Affordable Housing & Real Estate associate Matt Carrigg is quoted for his outlook on the uptick in affordable housing developments, and interest from local and out-of-state developers.
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.
Affordable Housing Finance | September 22, 2020
This article quotes New York Affordable Housing and Real Estate strategic policy advisor Deborah VanAmerongen on a potentially historic opportunity to address the affordable housing crisis by accessing some older properties not originally built as affordable housing.
National Real Estate Investor | September 16, 2020
In this article on apartment developers and their outlook on the real estate market, New York Affordable Housing & Real Estate strategic policy advisor Deborah VanAmerongen is quoted on the possible use of hotels for affordable housing.
Affordable Housing Finance | September 10, 2020
Washington, D.C. Affordable Housing & Real Estate partner Richard Price contributed this article which breaks down some of the complexities of managing the Department of Housing and Urban Development’s multifamily programs.
Rochester Business Journal | September 04, 2020
Rochester Affordable Housing & Real Estate partner Ashley Champion is recognized as one of Rochester Business Journal’s 2020 “Forty Under 40” honorees.
GlobeSt | August 31, 2020
In this article, Los Angeles Affordable Housing & Real Estate partner Ed Campbell comments on the impact that construction, public-private partnerships, local impact fees, and other community conditions are having (and will have) on California’s affordable housing industry.
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.
Affordable Housing Finance | July 28, 2020
This article on the $224 million in supplemental payments that the Department of Housing and Urban Development is making available to owners of properties receiving project-based rental assistance links to New York City Affordable Housing & Real Estate counsel Kathie Soroka and strategic policy advisor Deborah VanAmerongen’s client alert on the topic.
Senior Housing News | July 22, 2020
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.
New York Law Journal | July 16, 2020
In her latest “Ask the Former Regulator” column, New York City Affordable Housing & Real Estate partner Erica Buckley examines some of the limited relief afforded to condominium sponsors under the recent executive orders signed by Governor Andrew Cuomo.
Affordable Housing Finance | June 23, 2020
In this article detailing progress and challenges that housing programs face in their fight against homelessness, New York City Affordable Housing & Real Estate strategic policy advisor Deborah VanAmerongen provides her perspective on why affordability remains one of the biggest challenges.
Bloomberg Tax | June 23, 2020
New York City Affordable Housing & Real Estate counsel Kathie Soroka contributed this article on how the Department of Housing and Urban Development’s Rental Assistance Demonstration program can be combined with low-income housing tax credits to provide stable investment opportunities in uncertain times.
Habitat | June 08, 2020
This feature article on New York City’s first-ever Housing Development Fund Corporation cooperative dissolution and reconstitution to free-market status quotes Cooperatives & Condominiums practice team leader Erica Buckley and mentions Affordable Housing & Real Estate counsel Ruben Ravago, both of New York City, for advising West Village Houses.
Bloomberg Tax | June 05, 2020
This article quotes Boston Community Development Finance partner Forrest Milder on new Treasury guidance related to opportunity zone investors, noting what he’s been seeing in the space as well as issues that remain unaddressed.
Pacific Coast Business Times | May 29, 2020
Los Angeles office managing partner and Affordable Housing & Real Estate partner Justin Thompson wrote this article about how the COVID-19 pandemic has impacted commercial real estate and steps that the industry can take towards recovery.
Politico | May 14, 2020
This roundup of lobby hires mentions that apartment industry advocacy group National Multifamily Housing Council has hired Washington, DC, Affordable Housing and Real Estate partner Richard Price to lobby on amendments to the CARES Act.
Crain’s New York | April 29, 2020
Cooperatives & Condominium practice team leader Erica Buckley contributed this op-ed on New York City’s real estate landscape during the pandemic, offering her outlook and appeal for affordable housing and home ownership.
Bisnow | April 23, 2020
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.
Chicago Tribune | April 01, 2020
In this front-page article in the Chicago Tribune, Chicago Affordable Housing and Real Estate partner David Allswang provided comments that commercial landlords are bracing for a significant drop in rent payments in April amid the coronavirus crisis, citing anecdotal data from commercial property owners in London.
Affordable Housing Finance | March 31, 2020
Washington, D.C. Affordable Housing and Real Estate partner Richard Price shares his perspective on the early impact of COVID-19 on the affordable housing industry, including how the federal government should respond.
Commercial Observer | March 28, 2020
Los Angeles office managing partner Justin Thompson, of the Affordable Housing and Real Estate practice group, says there is no modern comparison to California’s blanket moratorium on evictions during the coronavirus crisis.
Habitat | March 26, 2020
New York City Affordable Housing and Real Estate partner Erica Buckley and counsel Ruben Ravago co-wrote this contributed article, based on their NP client alert, about the key issues condo boards and co-ops must consider before enlisting the assistance of volunteers during a pandemic.
Affordable Housing Finance | March 16, 2020
New York City Affordable Housing and Real Estate Strategic Policy Advisor Deborah VanAmerongen analyzes new COVID-19 guidance from the Department of Housing and Urban Development for owners and managers of HUD-assisted housing.
City and State | March 09, 2020
New York City Affordable Housing and Real Estate partner Erica Buckley appears on this City and State 2020 Law Power List, recognizing New York’s most politically powerful lawyers.
Washington Lawyer | March 01, 2020
This in-depth profile of New Partners Community Solar features Nixon Peabody’s role in the project and quotes Washington, DC, Community Development Finance senior counsel Jeff Lesk and senior counsel Herb Stevens.
National Mortgage Professional | February 20, 2020
This article is about the Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency’s decision to extend the public comment period regarding proposed changes to the Community Reinvestment Act, and it mentions Nixon Peabody for New York City Affordable Housing and Real Estate partner Tatiana Gutierrez’s pro bono work as part of the team helping the National Housing Conference develop a detailed response.
Brick Underground | February 19, 2020
This article features New York City Affordable Housing & Real Estate partner Erica Buckley talking about the process for condo and co-op owners who may want to buy a second unit in the same building to combine with their current home.
Law360 | February 19, 2020
New York City Corporate partner Rick Cox provides commentary in this article about how managers of qualified opportunity funds can minimize conflicts of interest through organizational documents.
Albany Times Union | February 15, 2020
This roundup of personnel moves in the Albany business community highlights the promotion of Albany Affordable Housing and Real Estate partner Peter Trimarchi, who is part of NP’s new partner class for 2020.
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.
Albany Business Review | January 31, 2020
This round-up of personnel moves in the Albany area features Albany Affordable Housing and Real Estate partner Peter Trimarchi, who is part of NP’s new partner class for fiscal 2020.
New York Real Estate Journal | January 21, 2020
This article highlights New York City Affordable Housing and Real Estate partner Tatiana Gutierrez, who served as moderator of a Social Impact Investing in Housing panel at NP’s office. Tatiana is a board member for Women in Housing and Financing, Inc., which convened the panel.
Bloomberg Tax | January 06, 2020
Boston Community Development Finance partner Forrest Milder wrote this contributed article analyzing the recently finalized IRS regulations governing opportunity zones.
Affordable Housing Finance | December 26, 2019
Boston Community Development Finance partner Forrest Milder wrote this contributed article analyzing the final IRS regulations governing opportunity zones, the tax-advantaged investment opportunity created by Congress in 2017.
Multi-Housing News | December 19, 2019
This article about the opening of Stonewall House in Brooklyn—New York State’s first LGBT-friendly affordable elder housing—mentions Nixon Peabody for advising BFC Partners on the development.
New York Law Journal | December 18, 2019
In her latest “Ask the Former Regulator” column, New York City Affordable Housing and Real Estate partner Erica Buckley answers a question from a condominium sponsor in New York City who is beginning to sell condo units with only a temporary certificate of occupancy.
Corporate Counsel | December 16, 2019
This article, covering six tips for general counsel to fortify their corporate reputations, cites New Partners Community Solar Corporation as an example of effectively collaborating with others for greater impact. The authors mention Nixon Peabody’s collaboration with the District Department of Energy & Environment, Brookfield Properties, National Housing Trust Community Development Fund, Enterprise Community Partners, and Sol Systems in forming NP Community Solar.
Long Island Business News | November 21, 2019
This story highlights Nixon Peabody’s work on a deal to open a 135-unit supportive and affordable housing development for homeless veterans and low-income families in Brooklyn. Partner Aaron Yowell, partner-elect Dana Roper, and strategic policy advisor Deborah VanAmerongen, all of the Affordable Housing & Real Estate Group in New York City, were part of the deal team. Aaron is quoted in the article.
Reuters Legal | November 12, 2019
This roundup of personnel moves in the legal industry highlights the promotions of Complex Commercial Disputes partner Kathleen Ceglarski Burns and Affordable Housing and Real Estate partner Chris Froeb to co-OMPs of the Boston office.
Best Lawyers | October 21, 2019
San Francisco Affordable Housing & Real Estate partner Alison Torbitt wrote this contributed article analyzing the increasing appetite among employees and investors for corporate social responsibility and environmental, social and governance standards. Alison also writes about how companies’ general counsels can participate in these initiatives.
Rochester Business Journal and The Daily Record | October 11, 2019
This story quotes Rochester Affordable Housing and Real Estate partner Bruce Baker on the variety of different ways for investors to take advantage of opportunity zones, in Rochester and across the country.
New York Law Journal | September 30, 2019
In the latest installment of her “Ask the Former Regulator” column, New York City Affordable Housing and Real Estate partner Erica Buckley analyzes new legislative language that changes the threshold for effective offering plans on rental conversions.
The Real Deal | September 17, 2019
New York City Affordable Housing and Real Estate partner Erica Buckley comments on presidential candidate Bernie Sanders’ proposed plan for increased federal funding for community land trusts, an arrangement in which nonprofits acquire land as a permanent location for affordable housing.
Massachusetts Lawyers Weekly | August 22, 2019
Boston Affordable Housing and Real Estate partner Jeff Sacks wrote this contributed article analyzing a ruling by the Appellate Tax Board on the proper method of determining real estate taxes for senior living facilities that use an entry fee model. Boston law clerk Thomas Jackson contributed to the article.
Affordable Housing Finance | August 08, 2019
This roundup of executive moves in the affordable housing space includes the arrivals of two New York City associates, Abigail Patterson and Richard Shore, both of the Affordable Housing and Real Estate practice group.
Law360 | July 16, 2019
This roundup of high-profile activity in the real estate market features partner Aaron Yowell and associate Julia Casteleiro, both of the Affordable Housing and Real Estate practice group in New York City, who provided counsel to Camber Property Group LLC in its $76.25 million purchase of a building and air rights in the Bronx.
New York Nonprofit Media | July 10, 2019
This article highlights New York City Affordable Housing & Real Estate partner Tatiana Gutierrez’s appointment to the Board of Citizens Committee for New York City.
The Real Deal | July 01, 2019
This article features New York City Affordable Housing & Real Estate partner Erica Buckley discussing a new statewide housing law that could have a major impact of landlords’ ability to move forward with condo conversions.
Affordable Housing Finance | June 10, 2019
New York City strategic policy advisor Deborah VanAmerongen and Washington DC partner Nate Cushman, both of the Affordable Housing and Real Estate practice group, co-wrote this contributed article highlighting opportunities under HUD’s Rental Assistance Demonstration program.
The Bond Buyer | June 06, 2019
This article mentions Nixon Peabody as bond counsel to Metropolitan Washington Airports Authority’s sale of $164.31M revenue refunding bonds.
Law360 | May 15, 2019
The following stories highlight the addition of New York City Affordable Housing & Real Estate counsel Shakti Rhys to Nixon Peabody’s Co-ops and Condos practice.
Bloomberg Tax | May 15, 2019
Boston Community Development Finance partner Forrest Milder wrote this contributed article explaining the math behind determining the fair market value of a qualified opportunity fund partnership interest after 10 years.
City & State | May 13, 2019
New York City Affordable Housing and Real Estate partner and Cooperatives & Condominiums team leader Erica Buckley is included in this inaugural list of the 50 most influential lawyers in New York state.
Affordable Housing Finance | April 21, 2019
Boston Community Development Finance partner Forrest Milder discusses opportunity zones and housing in this video from the AHF Live Forum.
Bloomberg Tax | April 21, 2019
Boston Community Development Finance partner Forrest Milder is quoted in this article, discussing possible confusion stemming from the murky definition of “independent contractor” in proposed IRS rules governing opportunity zones.
Bisnow | April 09, 2019
This article highlights Nixon Peabody’s nonprofit, New Partners Community Solar. The piece covers phase one of the program and its continued efforts to partner with Washington, DC, building owners to install solar panels on multiple new sites, which will produce renewable energy to benefit local low-income residents. The piece also notes that Washington, DC, Community Development Finance partner Jeff Lesk will discuss this clean energy initiative at Bisnow’s upcoming Greater DC Solar and Sustainability Summit.
Bisnow | March 28, 2019
Washington, DC managing partner Colette Dafoe is highlighted in this article for her role as moderator of Bisnow’s Greater DC State of Senior Housing event.
Wicked Local Provincetown | March 20, 2019
Boston Affordable Housing & Real Estate partner Jeff Sacks is quoted in this article about a proposed affordable housing development in Wellfleet.
Long Island Business News | March 18, 2019
New York Affordable Housing partner and Chief Innovation Officer Aaron Yowell is quoted in this article, discussing the groundbreaking of Concern for Independent Living’s $25 million, 77-unit affordable housing development in Port Jefferson Station.
The Bond Buyer | March 11, 2019
In a trends article on the municipal bond market, Nixon Peabody is mentioned as bond counsel to the New York Metropolitan Transportation Authority’s anticipated $750M sale of Series 2019A dedicated tax fund bond notes.
CoMotion | March 04, 2019
Los Angeles Affordable Housing and Real Estate Group partner Justin Thompson and associate Garth Bostic discuss the rapidly changing urban mobility landscape and how it will impact real estate development in the future.
New York Law Journal | March 01, 2019
Cooperatives & Condominiums Practice Team Leader Erica Buckley, based in New York City, authored this “Ask the Former Regulator” column. The article discusses “grossing up” and “seller concessions” and what scenarios are permissible under the Martin Act in New York.
The Real Deal | February 19, 2019
New York City Affordable Housing & Real Estate partner Erica Buckley is quoted in this story on the common practice of misnumbering residential floors in luxury condo developments to give the impression of a higher position in the building.
Affordable Housing Finance | February 12, 2019
The promotions of new Nixon Peabody partners Ed Campbell, Nate Cushman, John Marti and Susanna Mitchell are mentioned in this roundup of notable career moves.
Affordable Housing Finance | February 07, 2019
New York City Affordable Housing and Real Estate counsel Kathie Soroka and Boston Community Development Finance partner Forrest Milder contributed this article outlining five ways in which low-income housing tax credit transactions can benefit from opportunity zone funds.
American Lawyer | February 05, 2019
In this article covering African-American attorneys in the newest partner classes of Big Law firms, Nixon Peabody’s 2019 partner class is noted for being 60 percent diverse, and highlights the promotions of Boston Community Development Finance Partner John Marti and Los Angeles Affordable Housing and Real Estate Partner Edward Campbell.
Commercial Observer | January 21, 2019
New York City Affordable Housing & Real Estate partner Aaron Yowell is quoted extensively in this story on how potential investors in opportunity zones are navigating this complex new development vehicle.
Crain’s New York | January 01, 2019
New York City Affordable Housing & Real Estate partners Erica Buckley and Tatiana Gutierrez are featured on this annual list honoring the top women in law in New York.
Massachusetts Lawyers Weekly | December 26, 2018
Boston Affordable Housing & Real Estate partner Jeff Sacks is quoted in this article on the ability of municipal planning agencies to respond to possible foreclosure of affordable housing properties.
The American Lawyer | December 05, 2018
Los Angeles Office Managing Partner Justin Thompson is quoted in this article, discussing how the increasing prevalence of autonomous vehicles will affect zoning regulations, parking counts and urban development.
Bloomberg Tax | November 28, 2018
Boston Community Development Finance partner Forrest Milder wrote this contributed article outlining key details that investors and developers need to know as they utilize the opportunity zone provisions created by the 2017 tax law.
Affordable Housing Finance | November 15, 2018
New York City strategic policy advisor Deborah VanAmerongen, of the Affordable Housing & Real Estate practice group, says the new leadership of the House Appropriations Committee is likely to push the Department of Housing and Urban Development for additional financing for affordable housing.
The Gothamist | November 15, 2018
New York City Affordable Housing & Real Estate counsel Kathie Soroka is quoted extensively in this story about the city’s plan to use the federal Rental Assistance Demonstration program to improve thousands of Section 8 apartments.
Law360 | November 04, 2018
New York City Affordable Housing and Real Estate partner Aaron Yowell and associate Jessica Valentino are mentioned for their representation of Harlem Congregations for Community Improvement in its $29.1 million purchase of two Manhattan apartment buildings.
International Energy Law Review | October 31, 2018
Boston Community Development Finance partner Forrest Milder authored this column about a recent Federal Court of Appeals ruling to overturn the Alta Wind decision, and its possible implications for the energy industry and projects involving government grants or tax credits.
Affordable Housing Finance | October 23, 2018
Boston Community Development Finance partner Forrest Milder is quoted extensively in this article outlining the impact of new IRS guidelines governing the use of the Opportunity Zone program for affordable housing developers.
Bloomberg Law | October 18, 2018
Boston Community Development Finance partner Forrest Milder wrote this contributed article detailing the development incentives available as part of the Opportunity Zones provisions in the 2017 tax law.
The Real Deal | September 30, 2018
New York City Affordable Housing & Real Estate partner Erica Buckley is quoted extensively in this article about how a win for Democratic attorney general candidate Tish James could impact the city’s real estate industry.
Capital Tonight | September 26, 2018
New York City Affordable Housing & Real Estate senior strategic advisor Deborah VanAmerongen was a guest on Spectrum News’ “Capital Tonight” newscast for a panel discussion on affordable housing in upstate New York.
The Real Deal | September 18, 2018
New York City Affordable Housing and Real Estate partner Erica Buckley is quoted in this article about how New York real estate will evolve if nominee Letitia James becomes the next attorney general.
Modern Healthcare | September 11, 2018
In this article on a study by Navigant Consulting that explores the size of health systems and their revenue, Chicago Project Finance and Public Finance partner Tom Fahey is quoted for his outlook on M&A activity.
Law360 | September 03, 2018
This weekly roundup of notable real estate deals mentions New York City Affordable Housing and Real Estate partner Joe Lynch’s work as counsel to affordable housing developer Breaking Ground in its $170 million purchase of a historic building in Brooklyn.
The Real Deal | August 31, 2018
New York City Affordable Housing and Real Estate partner Erica Buckley provides commentary in this article is about the impact of the New York Attorney General Real Estate Finance Bureau’s work to modernize operations, strengthen enforcement and broaden its scope.
Power Finance and Risk | August 15, 2018
Boston Community Development Finance partner Forrest Milder is quoted in this story for his analysis of a recent U.S. Appeals Court decision that could negatively impact the reliability of valuations used in renewable project deals.
Massachusetts Lawyers Weekly | August 15, 2018
Boston Affordable Housing & Real Estate partner Jeff Sacks wrote this contributed article analyzing a recent decision by the Massachusetts Supreme Judicial Court that “likely will lead to greater scrutiny of all historic preservation projects involving church properties.”
Partner
Chair, Project Finance, Infrastructure & Real Estate Department
Phone: 202-585-8289
Partner
Community Development Finance Practice Group Leader
Phone: 202-585-8128
Partner
Practice Group Leader, Real Estate
Phone: 516-832-7542
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