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.
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, 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.
- RAD Helps Reposition Struggling Property
Affordable Housing Finance | August 1, 2016
Nixon Peabody is mentioned in this article for representing Hudson Valley Property Group in an affordable housing acquisition in New Jersey.
- 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.
- 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.