Urban Redevelopment



We think the future is urban.

As new opportunities open up in the Urban Redevelopment sector, ambitious clients willing to take a step into the future look to us for partnership in rebuilding and re-imagining the possibilities for our 21st century cities.

Our approach

Currently a small percentage of the real estate market, urban infill and redevelopment are rapidly growing sectors in the industry. Multiple models are inspiring this progress: university towns, stadiums, the arts and city centers with affordable housing and multi-modal transit.

In every case, government participation is key to driving successful projects, creating sophisticated and multi-layered partnerships.

Every year Nixon Peabody negotiates and structures hundreds of complex real estate and financing deals. Our collective knowledge and global resources help you anticipate and capture opportunities, prepare for and manage risks, forecast and overcome obstacles.

The clients we work with and projects we guide are helping to shape and contribute to the richness of the cities in which we live, work and thrive.

Who we work with

  • Developers, both large and small, with a vision of healthier, walkable, livable communities.
  • Financial institutions investing in urban redevelopment, whether as a part of their Community Reinvestment Act (CRA) requirements or as part of their forward-thinking business plan.
  • Nonprofits and municipalities striving to improve their neighborhoods.

N.J. senior community undergoes RAD transformation

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.

Senate passes tax bill as housing advocates work to preserve bonds

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.

How tax reform could devastate the affordable housing market

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.

Blank Rome, Nixon Peabody steer $53M loan for Bronx apartments

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.

The incredible shrinking Mitchell-Lama program

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.

Consensus forming on housing credits, but hurdles remain

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.

People on the move

Bloomberg BNA | June 06, 2017

This article mentions New York affordable housing partner Erica Buckley’s arrival at Nixon Peabody.

People on the move

Affordable Housing News | June 06, 2017

This article mentions New York affordable housing partner Erica Buckley’s arrival at Nixon Peabody.

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.

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).

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