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Introduction
My focus
My practice focuses on representing purchasers and developers in the acquisition, construction, rehabilitation, and financing of multifamily affordable housing properties, including developments financed with loans insured by the Federal Housing Administration (FHA). As part of this representation, I work with clients to obtain regulatory approvals from the Department of Housing and Urban Development (HUD) and other federal and state/local agencies.
My previous experience includes advising large institutional lenders in all phases of loan originations for the development of multifamily housing properties. I also previously served as an attorney-advisor for HUD. My experience there informs my practice and has provided me with an understanding of the federal programs relevant to multifamily housing, healthcare, and other FHA-insured loan transactions.
Looking ahead
As the costs to build and rehabilitate multifamily housing continue to rise all over the country, I see a growing focus by federal and local policymakers to expand subsidies and other tools available to owners and developers. I look forward to working with clients to navigate ever-changing housing market conditions and utilize new resources to maintain and preserve the aging affordable housing stock and build new critically needed housing.
In the news
- New York Real Estate Journal
WinnCompanies secures funding for $137 million rehabilitation of 508-unit Pines of Perinton housing community
May 16, 2023This article on WinnCompanies securing funding for the rehabilitation of the Pines of Perinton complex in the Rochester area mentions NP for advising WinnCompanies on issues related to the US Department of Housing and Urban Development, New York State regulatory compliance, federal and state housing and historic tax credits, and financing and environmental issues. The NP deal team was led by Affordable Housing & Real Estate partners Steve Wallace of Washington, DC and Meghan Altidor of New York City. The team also included Boston Community Development Finance partner John Cornell, and from the Affordable Housing & Real Estate practice: Washington, DC partner Nate Cushman, Albany counsel Dana Stanton, New York City associate Michelle Cafarelli Kabat, Albany associate Kelly Sprague, Washington, DC senior paralegal Christine Brosonski, New York City paralegals Brian Murphy and Olivia Logan, and New York City law clerk Jeremy Busch.
- Rochester Business Journal
Pines of Perinton to undergo $137 million renovation
April 14, 2023This article on WinnCompanies securing funding for the rehabilitation of the Pines of Perinton complex in the Rochester area, mentions NP for advising WinnCompanies on issues related to the US Department of Housing and Urban Development, New York State regulatory compliance, federal and state housing and historic tax credits, and financing and environmental issues. The NP deal team was led by Affordable Housing & Real Estate partners Steve Wallace of Washington, DC and Meghan Altidor of New York City. The team also included Boston Community Development Finance partner John Cornell, and from the Affordable Housing & Real Estate practice: Washington, DC partner Nate Cushman, Albany counsel Dana Stanton, New York City associate Michelle Cafarelli Kabat, Albany associate Kelly Sprague, Washington, DC senior paralegal Christine Brosonski, New York City paralegals Brian Murphy and Olivia Logan, and New York City law clerk Jeremy Busch.
- Real Estate Weekly
WinnCompanies secures funding for $137M rehab of the historic Pines of Perinton affordable housing complex
April 12, 2023This article, which covers WinnCompanies securing funding for the rehabilitation of the Pines of Perinton complex in the Rochester area, mentions NP for advising WinnCompanies on issues related to the US Department of Housing and Urban Development, New York State regulatory compliance, federal and state housing and historic tax credits, and financing and environmental issues. The NP deal team was led by Affordable Housing & Real Estate partners Steve Wallace of Washington, DC and Meghan Altidor of New York City. The team also included Boston Community Development Finance partner John Cornell, and from the Affordable Housing & Real Estate practice: Washington, DC partner Nate Cushman, Albany counsel Dana Stanton, New York City associate Michelle Cafarelli Kabat, Albany associate Kelly Sprague, Washington, DC senior paralegal Christine Brosonski, New York City paralegals Brian Murphy and Olivia Logan, and New York City law clerk Jeremy Busch.
Admitted to practice
New York
Education
University of California, Berkeley School of Law, J.D.
Hunter College of The City University of New York, B.A., magna cum laude
Professional activities
- American Bar Association
- American Constitution Society
Recognition
- Selected, through a peer-review survey, for inclusion in Best Lawyers: Ones to Watch 2025 in the field of Real Estate Law
Insights And Happenings
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View AllAaron J. Yowell
Partner
Chief Innovation Officer- New York
- Office:+1 212.940.3161
- ayowell@nixonpeabody.com
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