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.

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.

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.

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.

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.

Spread of autonomous vehicle technology fosters opportunities for lawyers

The American Lawyer | December 05, 2018

Los Angeles Office Managing Partner Justin Thompson is quoted in this article, discussing how the increasing prevalence of autonomous vehicles will affect zoning regulations, parking counts and urban development.

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.

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.

N.J. senior community undergoes RAD transformation

Affordable Housing Finance | December 17, 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 03, 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 | November 30, 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 27, 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 06, 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 01, 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 05, 2017

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

People on the move

Affordable Housing News | June 05, 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 03, 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 03, 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.

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