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Affordable Housing



With our robust and extensive network, we help shape housing industry policy so we can anticipate issues, cut through complex regulations and keep affordable housing investments moving forward.

Our approach

Affordable housing and community development raise intricate legal challenges that can be difficult to unravel. Today’s economic and public funding climate present even further complexity so it’s critical to work with attorneys who understand the business of affordable housing and have the creativity to get deals closed.

With one of the largest affordable housing groups in the country, Nixon Peabody offers unparalleled knowledge in this field.

Our attorneys and advisors have worked in legal and policy positions at HUD and the IRS and state housing agencies—and have been involved with every major federal affordable housing initiative in the last 40 years. This experience, coupled with the key strategic relationships we continue to forge gives our clients a special advantage as we bring dynamic deals and parties together.

From Section 8 contract expiration, RAD renewal and opt-out, to mortgage restructuring, Mark-to-Market, prepayment and preservation transactions, Section 236 decouplings (and re-decouplings), as well as development and construction of new affordable housing, we keep your investments moving forward. We also provide help on financing mechanisms such as tax-exempt bonds and low-income housing, new markets, historic and solar tax credits.

Who we work with

  • Developers, owners and operators in local markets and nationally. We’ve worked with every kind of housing from communities designed for the elderly and those needing supportive services to housing for veterans, using every type of financing resource.
  • Nonprofit or municipal developers or housing operators, from housing authorities to community groups to churches and synagogues.
  • Government entities including local and state housing authorities and finance agencies.
  • National housing trade organizations. We assist in their efforts to promote and preserve the integrity of affordable housing nationwide and its financing mechanisms.
  • We’ve even assisted non-governmental organizations (NGOs) with affordable housing finance and programs outside of the United States.

Foreign opportunity zone investors face hurdles under new rules

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.

New York seeks constitutional right to clean air and water

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.

Real estate lawyers on the move

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.

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.

News

Water online | March 26, 2021

This online news website, focusing on water and wastewater, included Albany Affordable Housing & Real Estate counsel Beth Morss’ move to the firm.

Career tracker

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.

Commercial real estate: strategies and updates

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.

The 2021 Law Power 100

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.

People

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.

Hire up: Transactional partners in demand with economy poised to take off

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.

Wake up call

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.

NY law shields small firms and landlords from eviction and foreclosure

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.

SECs Division of Examinations asks about opportunity zones

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.

On the move

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.

OCC rule misaligned with some tax equity safe harbors

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.

People on the move

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.

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.

The year of big tax changes

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.

Power 100 List 2021

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.

Lawyers on the Move

New York Law Journal | February 25, 2021

Long Island partner Tara Daub is included in this column of notable legal moves in New York for her appointment to Labor & Employment practice group leader. Long Island Labor & Employment counsel David Tauster; New York City counsels Julia Casteleiro and Abby Patterson, and Long Island counsel Mike Webb, all in the Affordable Housing & Real Estate group; and Buffalo Complex Commercial Disputes counsel Erik Goergen are also included for their promotions to counsel.

CA vapor intrusion guidance evaporates hope for urban residential redevelopment

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.

Wake Up Call

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.

More Types of Investors Are Targeting Affordable Housing

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.

Law firm forms practice group to tackle state AG probes

Massachusetts Lawyers Weekly | February 04, 2021

This feature article on the formation of NP’s State Attorneys General team quotes Boston Government Investigations & White Collar Defense partners Bill Codinha and Rob Fisher throughout the story on the team’s work both in Massachusetts and across the country. The article also quotes Litigation chair Scott O’Connell and mentions the team’s co-leaders, Affordable Housing & Real Estate partner Erica Buckley and Government Investigations & White Collar Defense partner Travis Hill, both in New York City.

Personnel file

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.

Court permits drawdown on letter of credit and rejects tenant's impossibility of performance argument

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.

Wake up call

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 Lawyers for the Public Interest Names Anthony Karefa Rogers-Wright as Director of Environmental Justice

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.

2Life Communities Names Jeff Sacks as Chairman of the Board

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.

Lessons Learned in 2020

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.

COVID to Remain the Top Issue in 2021

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 Financial Completes Boston Capital Acquisition

Affordable Housing Finance | December 29, 2020

In this article on the acquisition of NP client Boston Capital’s low-income housing tax credit fund portfolio by Boston Financial Investment Management, the firm was mentioned for the work by New York City Corporate partner Dick Langan and associates Shaziah Singh and Vincent Tennant.

Rental Struggles, Life Science Boom Marked Boston Real Estate in 2020

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.

Approach to LIHTC Regulations Should Be Reconsidered, Individuals Say

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.

Congress Gives Boost to Affordable Housing, Hotel Occupancy Misses the Holiday Spirit, Personal Income Falls

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.

Landlords Fear Tenant Wins in Lease Disputes May Snowball

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.

Notable Women in Law

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.

Rockport Provides HUD Refi on Queens Senior Housing

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.

Rockport Closes on $74M Refi' to Upgrade Queens Senior Housing

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.

When HDFC Shareholders Want To 'Go Private'

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.

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.

REV LNG grows renewable energy business locally

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.

Avanath Acquires Boston Workforce Housing

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.

MRM Research Roundup: End-of-October 2020 Edition

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.

Avanath Capital Management Acquires 207-Unit Workforce Housing Community in Boston

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.

Joint Venture Buys Jersey City Affordable Apartment Portfolio for $127M

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.

Hudson Valley Property Group and Nuveen Acquire New Jersey Portfolio

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.

Affordable Housing Developers Build War Chests to Buy Properties

National Real Estate Investor | October 14, 2020

This article, on how developers and investors dedicated to preserving affordable housing are raising capital to bid for properties, quotes New York Affordable Housing & Real Estate strategic policy advisor Deborah VanAmerongen for her thoughts on buyers’ potential opportunities to purchase several types of properties.

Nuveen JV buys 400-unit affordable apartment portfolio

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.

Nixon Peabody Arranges $48.8M in Financing to Upgrade Two Wollaston Affordable Communities Near Boston

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.

MassHousing Provides $28.9M Loan for Refinancing of Multifamily Asset in Metro Boston

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.

Nixon Peabody Secures $29M Refinancing for Affordable Housing Development in Quincy

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.

Real Estate Syndications - What You Need to Know

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.

Outcomes from pandemic make Rochester an appealing location for new business

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.

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.

Affordable Developers Look to Older Apartment Buildings

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.

Apartment Developers Scout Adaptive Reuse Possibilities

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.

Understanding Cash Controls for HUD-Assisted Multifamily Properties

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.

Forty Under 40

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.

How Cities Could Help and Hurt Affordable Housing Development

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.

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.

HUD Makes COVID-19 Relief Funds Available

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.

Transactions & Financings

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.

Relief for Condominium Sponsors Due to the COVID-19 Pandemic

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.

Addressing the Threat of Homelessness

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.

INSIGHT: RAD Road to Recovery—HUD Program, Tax Credit Offer Stable Investments

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.

West Village Houses Co-op Transitions From HDFC to Market Rate

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.

Three Steps to Real Estate Recovery

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.

Biotechnology Innovation Organization taps new CEO

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.

City's tax shortfall stems from the lack of homeownership

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.

The rent: To pay or not to pay? Amid coronavirus, that is the question for business across Chicago

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.

How COVID-19 is affecting affordable housing (so far)

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.

Industry experts Barrack, Penner sound off on the coronavirus crisis

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.

Caution required if co-op and condo boards enlist volunteers

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.

Key takeaways from HUD’s FAQs on COVID-19

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.

The 2020 Law Power 100

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.

Regulators extend comment period for CRA changes

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.

On the Move

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.

People on the Move

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.

People on the Move

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.

Women in Housing and Financing hosts NYC affordable housing panel

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.

LGBT Affordable Senior Housing Opens in Brooklyn

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.

Clarifying the Law on Escrow Accounts and Certificates of Occupancy

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.

Medford nonprofit, Jericho developer open housing for vets

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.

Career Tracker

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.

The Generals’ Next War

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.

Investors urged to look at multiple benefits of opportunity zones

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.

Martin Act amendments: Threshold for effective offering plan

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.

Inside Bernie Sanders’ $2.5T housing plan

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.

ATB clarifies tax method for ‘entry fee communities’

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.

People on the Move

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.

NYC Real Estate Week in Review

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.

Citizens committee gets new board member

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.

New York Rent Law Sparks Response from Real Estate Industry

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.

Mod rehab and RAD: The time might be now

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.

Real estate lawyers on the move

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.

Experts delve into Opportunity Zones and housing

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.

Opportunity zone rules leave out data reporting, penalty details

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.

Senior housing looks more like luxury apartments today, but it can be harder to build

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.

Wellfleet housing ‘can happen here’

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.

Getting off the ground

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.

Episode 23: How the Mobility Revolution is Reshaping Real Estate Development

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.

Nixon Peabody promotes 4 to partner

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.

Top 5 Ways to Use Opportunity Zone Funds in LIHTC Deals

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.

The Unicorn Watch New Black Partners

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.

Out of the comfort zone: Newbies take to opportunity zones

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.

2019 Notable Women in Law

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.

Planning agency can challenge foreclosure

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.

INSIGHT: A dozen things you should know about setting up an opportunity fund

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.

10 takeaways from AHF Live

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.

Private developers will soon maintain 62,000 NYCHA apartments

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.

NYC real estate week in review

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.

IRS provides guidance on opportunity zones

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.

Insight: Twenty hot topics about opportunity zones

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.

Maintaining quality in affordable housing

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.

What would Attorney General Letitia James mean for real estate?

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. 

NYC real estate week in review

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.

SJC limits public funding of church preservation

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.”

Forming opportunity funds: Expecting startups by year-end

TaxCredit Advisor | June 30, 2018

Chief Innovation Officer Aaron Yowell, also a New York City Affordable Housing and Real Estate partner, is quoted in this article discussing the pace of progress on forming opportunity funds. Click here to read the full article: “Forming opportunity funds: Expecting startups by year-end

Size matters: fishy ways of measuring of co-ops and condos

Habitat | June 17, 2018

New York City affordable housing and real estate partner Erica Buckley is quoted in this article on the varying standards for measuring square footage in for-sale units in New York City.

At star-studded 443 Greenwich, condos are smaller than advertised

The Real Deal | June 12, 2018

New York City affordable housing and real estate partner Erica Buckley is quoted in this article discussing the debate within the city’s real estate market over how to measure the square footage of condominium units and co-ops.

Sizing up the AG contenders

The Real Deal | May 31, 2018

New York City affordable housing and real estate partner Erica Buckley, who was formerly chief of the Real Estate Finance Bureau in the state attorney general’s office, is quoted in this story for her perspective on how a new leader will change the office’s approach to housing law.

Nixon Peabody beefs up NY real estate group with new partner, new practice

American Lawyer | May 23, 2018

Affordable housing and real estate partner Erica Buckley and project finance and public finance partner Roddy Devlin are both quoted in this article announcing an expansion of our real estate practice in New York City.

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