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.
Affordable Housing Finance | April 22, 2019
Boston Community Development Finance partner Forrest Milder discusses opportunity zones and housing in this video from the AHF Live Forum.
Bloomberg Tax | April 22, 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 | March 29, 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 21, 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 City Affordable Housing & Real Estate partner Aaron Yowell is quoted in this story for representing client Concern for Independent Living on a deal to build a new $25 million affordable housing project for veterans on Long Island.
Commercial Observer | January 22, 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.
Massachusetts Lawyers Weekly | December 27, 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.
Bloomberg Tax | November 29, 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 16, 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 16, 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 05, 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.
Capital Tonight | September 27, 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 19, 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.
Law360 | September 04, 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.
Massachusetts Lawyers Weekly | August 16, 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.”
TaxCredit Advisor | July 01, 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”
Habitat | June 18, 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.
The Real Deal | June 13, 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.
The Real Deal | June 01, 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.
American Lawyer | May 24, 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.
City & State New York | March 27, 2018
New York City affordable housing strategic policy advisor Deborah VanAmerongen has been named one of the New York’s most remarkable women for her work on housing policy.
Affordable Housing Finance | March 27, 2018
New York City affordable housing strategic policy advisor Deborah VanAmerongen provides thought leadership on New York City and state funding for public housing.
The Villager | March 09, 2018
New York City affordable housing partner Erica Buckley is mentioned in this article for representing the board of the West Village Houses complex as it transitions from an HDFC co-op to a normal co-op.
Affordable Housing Finance | December 18, 2017
Nixon Peabody is mentioned in this article for working with Silver Street Development Corp. to leverage the federal Rental Assistance Demonstration (RAD) program to increase the number of affordable housing units in a New Jersey senior housing community.
Affordable Housing Finance | December 04, 2017
Washington DC tax credit finance and syndication partner Rick Goldstein is quoted in this article on the differences between the Senate and House tax bills in their impact on affordable housing in the U.S.
National Mortgage News | December 01, 2017
Washington DC tax credit finance and syndication partner Rick Goldstein is quoted this article on how the tax reform plan would impact affordable housing in the U.S.
Law360 | November 28, 2017
New York City affordable housing partner Aaron Yowell counseled Park Management Inc. in its $53 million acquisition of a seven-floor apartment building in the Bronx serving lower-income renters.
Bisnow | November 28, 2017
Washington DC affordable housing associate Susanna Mitchell was quoted in this article for her outlook on how a decrease in the corporate tax rate could make it more difficult to strike deals with investors for affordable housing projects.
Affordable Housing Finance | November 17, 2017
This article covers Affordable Housing Finance’s recent annual AHF Live: The Affordable Housing Developers Summit in Chicago and quotes Washington, DC tax credit finance and syndication partner Rick Goldstein discussing the proposed tax reform bill.
American Banker | November 15, 2017
Washington DC tax credit finance and syndication partner Rick Goldstein provides commentary about private activity bonds in the following coverage about how the proposed tax reform bill will impact affordable housing.
CNBC | November 14, 2017
Washington DC tax credit finance and syndication partner Rick Goldstein provides commentary about private activity bonds in the following coverage about how the proposed tax reform bill will impact affordable housing.
PBS | November 14, 2017
Washington DC tax credit finance and syndication partner Rick Goldstein provides commentary about private activity bonds in the following coverage about how the proposed tax reform bill will impact affordable housing.
POLITICO New York | November 03, 2017
Washington DC tax credit finance and syndication partner Rick Goldstein is quoted in this article about the impact of the House Tax Reform Bill on affordable housing.
Habitat | November 01, 2017
This article quotes New York City affordable housing partner Erica Buckley regarding Major Bill de Blasio’s $250M offering plan to preserve Mitchell-Lamas in the city.
Habitat | September 07, 2017
New York affordable housing partner Erica Buckley is quoted in this article about the state of the Mitchell-Lima affordable housing program in New York.
Affordable Housing Finance | August 29, 2017
Affordable Housing Finance named Los Angeles affordable housing associate Ed Campbell one of the 2017 Young Leaders, which recognizes six individuals under 40 who play a vital role in affordable housing across the U.S.
Crain’s New York | August 21, 2017
New York City affordable housing partner Erica Buckley provides commentary on the complications that arise when apartments exit affordable housing programs.
Law360 | August 02, 2017
Washington DC affordable housing partner Richard Price is quoted in this article about the Senate Finance Committee's hearing regarding the potential increased availability of affordable housing tax credits.
The Cooperator | July 27, 2017
New York City affordable housing partner Erica Buckley provides third-party commentary about a proposed regulation by New York City’s Housing Preservation and Development department (HPD).
Law360 | June 30, 2017
The following coverage includes the arrival of New York City affordable housing partner Erica Buckley to Nixon Peabody.
Real Estate Weekly | June 30, 2017
The following coverage includes the arrival of New York City affordable housing partner Erica Buckley to Nixon Peabody.
The Real Deal | June 29, 2017
New York City affordable housing partner Erica Buckley is quoted in this article about a new rule change proposed by the Department of Housing Preservation and Development that will limit how air rights are distributed to developers.
The Deal | June 12, 2017
This coverage includes the arrival of New York City affordable housing partner Erica Buckley to Nixon Peabody.
Law360 | June 08, 2017
This feature discusses how Erica’s extensive experience, particularly in 421-A tax exemptions and the Martin Act, having previously served as the chief regulator of the Real Estate Finance Bureau of the NY Attorney General’s office, will bolster NP’s affordable housing practice.
New York Law Journal | June 08, 2017
This feature discusses how Erica’s extensive experience, particularly in 421-A tax exemptions and the Martin Act, having previously served as the chief regulator of the Real Estate Finance Bureau of the NY Attorney General’s office, will bolster NP’s affordable housing practice.
Bloomberg BNA | June 06, 2017
This article mentions New York affordable housing partner Erica Buckley’s arrival at Nixon Peabody.
Affordable Housing News | June 06, 2017
This article mentions New York affordable housing partner Erica Buckley’s arrival at Nixon Peabody.
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.
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.
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.
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. Click here to read the full article.
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.
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.
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.
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.
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.
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.
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.
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).
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.
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.
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.
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.
Affordable Housing Finance | August 01, 2016
Nixon Peabody is mentioned in this article for representing Hudson Valley Property Group in an affordable housing acquisition in New Jersey.
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.
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Affordable Housing Blog |
