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Real Estate & Community Development



Future-focused, business-grounded advice and thoughtful solutions to help you structure, negotiate, and close the most complicated real estate and finance deals.

Our Approach

Every business venture involves real estate. Whether you’re building a 30-acre corporate campus, or launching a new venture from your home office, your property-related choices will have a pivotal effect on your bottom line.

With the right team helping you make these important and long-lasting decisions, you can make the right real estate choices to support your business growth.

We innovate. We anticipate. And we resolve sticky problems.

Clients rely on us to pinpoint the opportunities among the issues they face in tomorrow’s real estate marketplace. At any given moment, you’ll find us working on a variety of deals, properties, and asset classes. Our hard-earned experience gives us an intuitive understanding of your business goals and the speed and creativity to get you there with minimum fuss.

Who we work with

  • Clients who change landscapes, improve neighborhoods, and buy, sell or lease any kind of real property
  • Firms involved in real estate finance and capital markets
  • Businesses engaged in exchanging distressed debt or that are involved in real estate workouts
  • Companies that work with affordable housing and tax credit financing

Exercise of property right, or zoning by another name?

Massachusetts Lawyers Weekly | April 20, 2017

Boston affordable housing partner Jeff Sacks and Manchester commercial litigation associate Chris Minue were included in this article which focuses on a legal battle to bring new affordable housing units to the city of Newton, a suburb of Boston.

Nixon Peabody steers $78M Bronx apartment deal

Law360 | April 18, 2017

New York City affordable housing partner Joseph Lynch is mentioned in this article as representing nonprofit HP Michelangelo Housing Co. Inc. in its acquisition of an apartment complex in the Bronx for $78.1M.

SVN Affordable arranges $30.5M sale of section 8 multifamily property in metro Baltimore

Real Estate Business | April 06, 2017

This article mentions Nixon Peabody as Millennia Housing Development’s Department of Housing and Urban Development counsel in its acquisition of a 303-unit affordable housing property in Maryland for $30.5M.

Q&A: The future of DC affordable housing

Bisnow | April 05, 2017

This Q&A with Washington DC office managing partner Jeff Lesk is about the future of affordable housing and community development amid looming tax reforms and potential cuts to federal programs.

Millennia adds to its portfolio

Affordable Housing Finance | April 04, 2017

Nixon Peabody is mentioned in this article as Millennia Housing Development’s Department of Housing and Urban Development counsel in its acquisition of a 303-unit affordable housing property in Maryland for $30.5M.

Radio broadcast segment

WNYC-FM | March 28, 2017

New York City affordable housing partner Joseph Lynch is mentioned in this radio broadcast segment discussing how the Trump Administration’s tax reform may affect affordable housing projects.

Trump's tax plan isn't even law and already it's taken a toll on city's affordable housing projects

Crain’s New York Business | January 18, 2017

New York City office managing partner and affordable housing partner Joe Lynch is quoted in this article about how the Trump administration’s proposed corporate tax cuts are already affecting affordable housing developers in New York City who use tax credits to finance their projects.

The current: ten things to know when combining renewable energy and low-income housing tax credits

Novagradac: Journal of Tax Credits | January 10, 2017

Boston tax credit finance and syndication partner Forrest Milder authored this article about ten things people should keep in mind when combining low-income housing tax credits (LIHTC) and renewable energy tax credits (RETC).

An open letter to Dr. Ben Carson: Nixon Peabody’s Deborah VanAmerongen shares her thoughts for the next HUD secretary

Affordable Housing Finance | January 04, 2017

In this open letter to U.S. Department of Housing and Urban Development (HUD) secretary nominee Dr. Ben Carson, New York City affordable housing strategic policy advisor Deborah VanAmerongen shares her insights on working with HUD and advice for the future.

2017 predictions: What’s ahead for the affordable housing industry?

Affordable Housing Finance | January 04, 2017

This story focuses on the 2017 affordable housing industry outlook. New York City affordable housing strategic policy advisor Deborah VanAmerongen is quoted discussing the Low Income Housing Tax Credit program.

Nixon Peabody funds biggest CRE solar panel installation in DC

Bisnow | December 22, 2016

Washington DC office managing partner Jeff Lesk is quoted in this feature story about DC’s first large-scale downtown commercial Community Solar project on the roof of Nixon Peabody’s Washington DC office. This article focuses on the innovation and uniqueness of the NP Solar project. 

Affordable senior housing coming to Boston suburb

Multi-Housing News | November 22, 2016

Nixon Peabody is mentioned as legal counsel representing the developers of Hearth at Four Corners, a 54-unit affordable senior community in Dorchester, MA. Boston affordable housing partner Jeff Sacks is lead counsel on this project.

Industry leaders cautiously optimistic post-election

Affordable Housing Finance | November 21, 2016

New York City Affordable Housing strategic policy advisor Deborah VanAmerongen is quoted in this article about impacts the election may have on the New York City affordable housing industry. In the article, Deborah emphasizes that President-elect Trump knows real estate finance, is from New York, and likely understands the importance of affordable housing programs.

Manufactured triggering of right of first refusal upheld

Massachusetts Lawyers Weekly | November 10, 2016

Boston Affordable Housing partner Jeffrey Sacks was quoted in this article about a homeowner’s rehab case regarding the exercise of right of first refusal under Section 42(i)(7).

Boston business leaders react to news of President-elect Donald Trump

Boston Business Journal | November 09, 2016

This article is a roundup of Boston-area business leaders’ reactions to the outcome of the U.S. presidential election. Boston Real Estate partner Chris Froeb comments on the impact the Trump administration may have on the Boston real estate community.

Multifamily finance experts: No national bubble, but concern about some markets

Bisnow | October 21, 2016

Washington DC Affordable Housing partner Meghan Altidor participated in an affordable housing trends panel discussion at Bisnow's Multifamily Annual Conference.  She was quoted in this article noting new players such as those in the private equity space who are now getting involved in a number of affordable housing deals.

Why Boston's One of the Toughest Places to Develop Affordable Housing

Bisnow | October 05, 2016

Boston Affordable Housing partner Jeff Sacks is mentioned in this article about a recent panel he moderated focused on the challenges of affordable housing in the Boston area.

421-a's Gone, So Affordable Housing's Getting Creative

Bisnow | September 12, 2016

New York City affordable housing partner Aaron Yowell is quoted in this article that looks at the increasing need for affordable housing in New York City and how it’s becoming harder to get this done—especially in light of the loss of the 421-a tax exemption program.

Wrestling with Disparate Impact: Fair Housing Developments a Year After Supreme Court’s Decision

Tax Credit Advisor | September 01, 2016

Washington DC Affordable Housing partner Harry Kelly authored this column discussing the various consequences of a Supreme Court decision regarding disparate impact liability.

De Blasio housing plan shapes up as historic-scale 'trade-off'

Politico | July 27, 2016

Nixon Peabody is mentioned in this article looking at the impact of New York City Mayor Bill de Blasio’s ambitious affordable housing plan.

High LIHTC Pricing, Low Yields Lead to Investor Pushback

Journal of Tax Credits | July 07, 2016

Washington, DC, Affordable Housing partner Richard Price is quoted in this feature article that discusses results of a survey of investors and syndicators on the state of low-income housing tax credit (LIHTC) housing.

City Securities' lesser-known sibling sells

Indianapolis Business Journal | July 02, 2016

Washington, DC, Tax Credit Finance & Syndication partner Rick Goldstein is quoted in this article discussing the sale of client, CREA, and how industry supply and demand is driving interest.

Texas Housing Bias Row May Affect Developer Building Plans

Law360 | June 15, 2016

Washington, DC, affordable housing partner Harry Kelly is quoted in this feature story that looks at Texas’s housing agency to derail a suit accusing it of discrimination in allocating tax credits for affordable housing developments. The coverage notes that this is a test of the U.S. Supreme Court’s recognition of unintentional discrimination claims under the Fair Housing Act.

Why More Regional Banks Want to Syndicate Tax Credits

American Banker | June 09, 2016

Boston tax credit finance and syndication partner Tom Giblin provides commentary in this article discussing increasing interest among regional banks in expanding into syndication of low-income housing credits.

Developers add affordable units, retail to supportive-housing projects to make them more desirable

Crain's New York Business | June 07, 2016

New York City affordable housing strategic policy advisor Deborah VanAmerongen is quoted in this article regarding recent zoning changes designed to make mixed-use developments more feasible in the state.

Officials, Experts Weigh in on Stalled State Housing Measures

City & State | May 01, 2016

New York City office managing partner and affordable housing attorney Joe Lynch is featured in this article discussing the 421-a program, which incentivizes developers for building a multi-unit residential projects.

Viewpoint: New housing resources generated through bonds

Boston Business Journal | April 29, 2016

Boston affordable housing partner Jeff Sacks authored this op-ed about the lack of affordable rental housing in Massachusetts.

Spend Your Vacation in an Old Model T Factory

Bloomberg Pursuits | April 22, 2016

Washington, DC, Tax Credit Finance & Syndication partner David Schon is included in this story about how former industrial sites such as a tractor depot, a Pabst bottling works, and a former Ford automobile plant are turning into luxury hotels.

2nd Shoe Drops: HUD Warns Crime Screening May Violate FHA

Law360 | April 22, 2016

Washington, DC, affordable housing partner Harry Kelly authored this column discussing disparate impact liability under the Fair Housing Act, explaining how the HUD Office of General Counsel (OGC) guidance applies those principals and raising some questions about the soundness of OGC’s position on criminal background screening.

Gold Coast Development Scaled Way Down After Major Legal Battle with City

DNAinfo: Chicago | March 28, 2016

Chicago partner Chuck Bernardini is quoted in this feature article discussing the issue of zoning and development in Chicago.

Affordable Housing Deals Are Getting More Plentiful, But More Complex

Bisnow (DC) | March 28, 2016

This feature story recaps the Affordable Housing Forum which focused on creating and improving affordable housing communities. Washington, DC, office managing partner Jeff Lesk, Affordable Housing partner Monica Sussman and Tax Credit Finance & Syndication partner David Schon are featured.

Two Nixon Peabody Affordable Housing Attorneys Join Partnership

HousingOnline Weekly | February 03, 2016

This article from the National Housing and Rehabilitation Association highlights Affordable Housing partners Meghan Altidor and Aaron Yowell for their election to the partnership.

Renewable Energy Industries Receive Extensions to Tax Credit Equity Deadlines

Journal of Tax Credits | February 01, 2016

Boston Tax Credit Finance & Syndication partner Forrest Milder contributed this article regarding the new Consolidated Appropriations Act and Protecting Americans from Tax Hikes Act and their effects on renewable energies industry.

First RAD Component 2 Deals Using PBRA Contracts Close

Affordable Housing Finance | January 19, 2016

Affordable Housing practice group leader Stephen Wallace and Affordable Housing strategic policy advisor Deborah VanAmerongen are featured throughout this article highlighting Nixon Peabody’s successful closing of the first four Rental Assistance Demonstration (RAD) Component 2 preservation projects using 20-year Sec. 8 Project-Based Rental Assistance (PBRA) contracts in the nation.

The Current: New Audit Rules Could Have Broad Impact

Journal of Tax Credits | January 01, 2016

Boston Tax Credit Finance & Syndication partner Forrest Milder explains the potential ways the Bipartisan Budget Act of 2015 could impact the rules that apply to federal income tax audits of partnerships.

Congress Looks to Make Rents More Affordable

Washington Post | December 21, 2015

This article discusses the recent tax bill cleared by Congress, which makes the Low-Income Housing Tax Credit more generous and easier to finance the construction of affordable rental housing. Washington, DC, Tax Credit Finance & Syndication partner Rick Goldstein, one of the leading advocates, is quoted in the piece. The article notes that Nixon Peabody “has one of the nation’s leading legal practices that specializes in tax credits and real estate development.”

Can Multifamily Developers Fix the Affordable Housing Crisis?

Real Estate Bisnow | December 04, 2015

This feature story discusses Washington, DC’s efforts to improve the state of the city’s affordable housing. The topic was the main focus at Bisnow’s Multifamily Annual Conference. Washington, DC, office managing partner Jeff Lesk and Affordable Housing practice group leader Steve Wallace are featured within the story.

New HUD Fair Housing Proposal: Broad Expansion of Harassment Claims, Scope of Liability?

Law360 | November 23, 2015

Washington, DC, Affordable Housing partner Harry Kelly authored this column discussing a proposed Department of Housing and Urban Development rule clarifying two types of harassment claims under the Fair Housing Act and its potential impact.

Tax credit programs help provide incentive for preserving historic downtown buildings

Crain's Detroit Business | November 14, 2015

Partner and co-leader of the firm’s Historic Rehabilitation Tax Credit team David Schon provides commentary throughout this feature article on how tax credit programs are driving the preservation of historic buildings.

New York City's pension investment wish list held back by political, fiduciary hang-ups

DebtWire | October 30, 2015

New York City Affordable Housing strategic policy advisor Deborah VanAmerongen provides commentary in this piece discussing New York City’s pension investment in affordable housing.

Tax Credits Bring Updated Housing to Boston Veterans

Journal of Tax Credits | October 01, 2015

This feature story highlights the New England Center for Homeless Veterans’ (NECHV) efforts to rehabilitate an existing apartment community serving formerly homeless and at-risk veterans in Boston. Affordable Housing partner Jeff Sacks is quoted in the piece and noted as development counsel and key player in structuring the financing.

Fair housing case may push 'disparate impact' limits

Massachusetts Lawyers Weekly | September 21, 2015

Boston Affordable Housing partner Jeff Sacks provides commentary in this article discussing the decision by the Massachusetts Supreme Judicial Court to hear an appeal that could be a national test case probing the limits of a recent U.S. Supreme Court decision validating fair-housing claims on a “disparate impact” basis.

HUD's New Rule on Disclosure Requirements is a Good Start

Law360 | August 24, 2015

Washington, DC, Affordable Housing partner Tatiana Gutierrez authored this column discussing the U.S. Department of Housing and Urban Development’s long-awaited proposed rule revising the process which governs disclosure requirements for HUD participants.

Does it Pay to Follow Guidance that Doesn't Apply?

Novogradac Journal of Tax Credits | August 01, 2015

Boston Tax Credit Finance & Syndication partner Forrest Milder authored this column discussing Internal Revenue Code (IRC) Section 48, which provides an investment tax credit (ITC) for many kinds of energy property.

HUD's New Regulation Affirmatively Furthers Fair Housing

Law360 | July 17, 2015

Washington, DC, Affordable Housing partner Harry Kelly authored this column discussing long-awaited, final regulation implementing the Fair Housing Act’s “affirmatively furthering fair housing” (AFFH) provisions.

Experts discuss how green buildings are changing DC

Elevation DC | July 07, 2015

This feature story discusses how Washington, DC, has become a leader in the green building movement. Washington, DC, office managing partner Jeff Lesk and partner and chief innovation officer Herb Stevens are quoted and pictured in the piece.

5 Takeaways from Albany's Last-Minute Property Deal

Law360 | June 26, 2015

New York City Affordable Housing partner John Kelly and New York City Affordable Housing strategic policy advisor Deborah VanAmerongen are quoted in this article on New York lawmakers’ last minute legislative package concerning affordable housing rules and the 421-a residential tax incentive and its impact.

Supreme Court Affirms Disparate Impact in Fair Housing

Affordable Housing Finance | June 25, 2015

As the Supreme Court winds down its current term, Washington, DC, Affordable Housing partner Harry Kelly discusses the much-awaited decision comes in the Texas Department of Housing and Community Affairs (TDHCA) v. Inclusive Communities Project (ICP) case involving low-income housing tax credits (LIHTCs).

Justices Set Tougher Standard For FHA Bias Claims

Law360 | June 25, 2015

Washington, DC, Affordable Housing partner Harry Kelly provides commentary on the Supreme Court’s Texas Department of Housing and Community Affairs (TDHCA) v. Inclusive Communities Project (ICP) case decision involving low-income housing tax credits (LIHTCs).

Lawyer's long history with Center for Homeless Veterans hits new high

Massachusetts Lawyers Weekly | June 21, 2015

Nixon Peabody’s efforts in a recapitalization project for the New England Center for Homeless Veterans are featured in this article. Boston Affordable Housing partner Jeff Sacks led this complex real estate transaction, which includes Historic Tax Credits as well as affordable housing components.

Private Developers Must Step up to Preserve Affordable Housing

Real Estate Bisnow (DC) | June 18, 2015

Washington, DC, office managing partner and Tax Credit Finance & Syndication attorney Jeff Lesk moderated a panel on Washington's affordable housing program. Washington, DC, Affordable Housing partner Michael Reardon was a panelist.

Nixon Peabody's Tenney Advises on Private Investment in Texas Affordable Housing

Inside Counsel | May 12, 2015

New York City Tax Credit Finance & Syndication partner Katie Tenney is highlighted in this column on women partners achieving major legal accomplishments. Katie is investor counsel for a conversion of public housing to privately owned affordable housing under the U.S. Department of Housing Urban Development Rental Assistance Demonstration program.

De Blasio's 421-A Plan Could Drive Another Deal Rush

Law360 | May 08, 2015

New York City Affordable Housing strategic policy advisor Deborah VanAmerongen is quoted in this article on New York City’s long-awaited proposal to extend the 421-a residential development benefit.

3 Political Fights That Threaten Key Tools for Property Deals

Law360 | April 27, 2015

New York City Affordable Housing strategic policy advisor Deborah VanAmerongen is quoted in this article discussing key political battles developers are closely watching.

El Paso Closes Largest RAD Deal

Affordable Housing Finance | April 15, 2015

This coverage notes Nixon Peabody as counsel to Hunt Capital Partners, a developer involved in the largest Rental Assistance Demonstration (RAD) project in the nation. New York City Tax Credit Finance & Syndication partner Katie Tenney led the legal team. Click here for the firm’s press release on the deal.

Let the Sun Shine In 

Chicago Daily Law Bulletin | March 25, 2015

Chicago Madison Tax Credit Finance & Syndication partners Jeff Rambach and Andrew Tripp authored this column discussing the use of federal tax credits to finance solar energy facilities.

China: The Wild, Wild East

Seniors Housing Business | March 01, 2015

Boston Real Estate partner and leader of the firm’s Seniors Housing team Allen Lynch authored this column discussing China as the new frontier for the U.S. seniors housing and care industry.

The Current: Systems Using Solar–What Qualifies for the Credit?

Journal of Tax Credits | January 07, 2015

Boston Tax Credit Finance & Syndication partner Forrest Milder authored this article discussing  ambiguity in the definition of Section 48 of the Internal Revenue Code.

What Makes a Great Neighborhood?

Elevation DC | December 08, 2014

This article discusses how Washington, DC, has in the past and is still working to build strong communities. The content of the article comes from the “Creating Great Neighborhoods” panel discussion hosted by Elevation DC and our DC office. Washington, DC, office managing partner Jeff Lesk is quoted and pictured.

City to Shoulder More Public Benefit Costs

The Real Deal | November 13, 2014

New York City office managing partner and Affordable Housing attorney Joe Lynch is named as the moderator of a panel during the Massey Knakal Realty Services Multifamily Summit. Panelists included Vicki Been, Commissioner of the city’s Department of Housing Preservation & Development, BFC Partners’ Donald Capoccia, Dunn Development’s Martin Dunn and L&M Development’s CEO Ron Moelis.

People on the Move: Attorney Joins Moelis Institute Board

Affordable Housing Finance | November 10, 2014

This column notes that New York City affordable housing associate Aaron Yowell has joined the advisory board of the Moelis Institute for Affordable Housing Policy, which aims to improve the effectiveness of affordable housing policies and programs.

Looser Rules Pave Way for NYC Affordable Housing Projects

Law360 | October 02, 2014

New York City Affordable Housing partners Joe Lynch and John Kelly are quoted in this feature article on the New York City Department of Housing Preservation and Development’s plans to streamline affordable housing project development.

Shining Lights: Five Illustrious Industry Leaders Are the 2014 Inductees to the Affordable Housing Hall of Fame

Affordable Housing Finance | October 01, 2014

Washington, DC, Tax Credit Finance & Syndication partner Rick Goldstein is prominently featured among this year’s Affordable Housing Hall of Fame honorees.

The Art of Dissolution, Winding Up, and Cancellation of a LLC

Affordable Housing Finance | September 16, 2014

Washington, DC, Commercial Litigation partner Le Dolan authored this column discussing the three stages of a limited liability company’s demise.

Industry Leaders Head into Affordable Housing Hall of Fame

Affordable Housing Finance | August 26, 2014

Washington, DC, Tax Credit Finance & Syndication partner Rick Goldstein is featured along with the four other inductees into the Affordable Housing Hall of Fame.

What is Affordable Housing?

WNYC-FM (NPR affiliate, New York City) | August 15, 2014

New York City Affordable Housing strategic policy advisor Deborah VanAmerongen discusses New York City Mayor De Blasio’s new, high-profile affordable housing plan.

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