Introduction
David Hornstein is an associate in Nixon Peabody’s Affordable Housing & Real Estate practice group. He works with a range of clients, from developers to public housing authorities, on affordable housing transactions.
My focus
I work with clients on a variety of affordable housing transactions, and I focus my practice on obtaining regulatory approvals from the Department of Housing and Urban Development (“HUD”), as well as other federal, state, and local agencies.
Looking ahead
Rising interest rates will present a challenge for housing developers, so we must look for creative ways to generate affordable housing opportunities.
In the news
- Affordable Housing Finance
HUD delivers a mixed bag of changes to RAD program
Feb 19, 2025Affordable Housing & Real Estate partner Kathie Soroka of New York City, deputy practice leader and strategic policy advisor Deborah VanAmerongen, partner Meghan Altidor of New York City, and associate David Hornstein of Washington, DC contributed this article, which discusses the Department of Housing and Urban Development’s latest guidance related to the Rental Assistance Demonstration program.
- New England Real Estate Journal
Nixon Peabody closes transaction to finance Worcester redevelopment
June 21, 2024This article covers a complex financing transaction that kicked off the first phase of a planned redevelopment of a Worcester (MA) Housing Authority property. Washington, DC Affordable Housing & Real Estate partner Dara Histed is quoted in the coverage for representing Trinity Financial in the transaction. The NP team representing Trinity Financial also included strategic policy advisor and AHRE deputy practice leader Deborah VanAmerongen, New York City partner Kathie Soroka, Boston counsel Karla Chaffee, Boston associate Ali Sisson, Washington, DC associate David Hornstein, and Boston paralegal Vienna Kim, all of the AHRE practice.
- Affordable Housing Finance
Pilot program to preserve rental assistance at rural properties
March 27, 2024Washington, DC Affordable Housing & Real Estate counsel Rebecca Simon is quoted in this article, which covers the pilot program to decouple Section 515 mortgages from Section 521 rental assistance to preserve affordability of rural housing properties. Rebecca discuses why the pilot program is a good first step and what the broader impact could be. The article also references a recent related alert Rebecca co-authored with Washington, DC Affordable Housing & Real Estate counsel Chaundi Randolph and associate David Hornstein.
- CoStar News
Nuveen to buy 12,000-plus apartments in major affordable housing bet
May 11, 2023This article mentions NP for serving as regulatory counsel in Nuveen’s acquisition of a 12,000-unit affordable housing portfolio from Omni Holding Co. The NP deal team was led by New York City Affordable Housing & Real Estate partner Joe Lynch and included Affordable Housing & Real Estate deputy practice leader and strategic policy advisor Deborah VanAmerongen; Boston partner Julie Stande; Washington, DC counsel Patrice Harris; associates James Allen and Avery Ryou of New York City, David Hornstein of Washington, DC, and Ali Sisson of Boston; New York City paralegal Brian Murphy; and New York City affordable housing specialist Antonik Kristofer, all of the Affordable Housing & Real Estate practice.
- Affordable Housing Finance
Nuveen acquires Omni Holding’s affordable housing portfolio
May 10, 2023The following articles mention NP for serving as regulatory counsel in Nuveen’s acquisition of a 12,000-unit affordable housing portfolio from Omni Holding Co. The NP deal team was led by New York City Affordable Housing & Real Estate partner Joe Lynch and included Affordable Housing & Real Estate deputy practice leader and strategic policy advisor Deborah VanAmerongen; Boston partner Julie Stande; Washington, DC counsel Patrice Harris; associates James Allen and Avery Ryou of New York City, David Hornstein of Washington, DC, and Ali Sisson of Boston; New York City paralegal Brian Murphy, and New York City affordable housing specialist Antonik Kristofer, all of the Affordable Housing & Real Estate practice.
- Multi-Housing News
Nuveen buys 12,000-unit affordable portfolio
May 10, 2023The following articles mention NP for serving as regulatory counsel in Nuveen’s acquisition of a 12,000-unit affordable housing portfolio from Omni Holding Co. The NP deal team was led by New York City Affordable Housing & Real Estate partner Joe Lynch and included Affordable Housing & Real Estate deputy practice leader and strategic policy advisor Deborah VanAmerongen; Boston partner Julie Stande; Washington, DC counsel Patrice Harris; associates James Allen and Avery Ryou of New York City, David Hornstein of Washington, DC, and Ali Sisson of Boston; New York City paralegal Brian Murphy, and New York City affordable housing specialist Antonik Kristofer, all of the Affordable Housing & Real Estate practice.
- Affordable Housing Finance
HUD permits more frequent distributions for certain properties
Sep 22, 2022Washington, DC Affordable Housing & Real Estate partner Richard Price and associate David Hornstein contributed this article, which breaks down HUD’s new policy allowing multifamily owners to accept more frequent surplus cash distributions for certain projects.
Admitted to practice
District of Columbia
Maryland
Education
University of Baltimore School of Law, J.D.
University of Maryland, B.A., Criminology and Criminal Justice
Insights And Happenings
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Partner / Chief Innovation Officer- New York
- Office:+1 212.940.3161
- ayowell@nixonpeabody.com
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