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Introduction
My focus
I represent developers in connection with all aspects of condominium construction and conversion projects. This includes preparing offering plans, exhibits, and no-action letter applications, reviewing construction loan documents and loan subordination documents, and drafting and negotiating contracts of sale. I also draft governing documents for homeowners’ associations and condominiums and coordinate with architects, consultants, the New York State Attorney General’s Office, and the New York City Department of Finance to certify project compliance and completion.
I previously interned at the Real Estate Finance Bureau of the New York State Attorney General’s Office, where I reviewed offering plans and amendments to ensure compliance with the Bureau’s regulations and policies.
Looking ahead
The worsening climate crisis is prompting world governments to adopt policies to drastically reduce fossil fuel emissions. On May 18, 2019, the New York City Council passed Local Law 97 of 2019 (“Local Law 97”), requiring certain New York City buildings to reduce greenhouse gas emissions. Local Law 97 will affect approximately 50,000 existing residential and commercial buildings in New York City. Property owners, including condominium and cooperative boards, will need assistance navigating the requirements of Local Law 97 and ways to finance any required building repairs or replacements to comply. I look forward to helping Nixon’s clients in this developing area, especially as it relates to New York City cooperatives and condominiums.
Insights
- “An Overview of the Affordable Neighborhood Cooperative Program from A to Z,” NYSBA's CLE Event, October 15, 2024
In the news
- The Real Deal
Brooklyn co-op escapes Mitchell-Lama with first-ever HDFC conversion
July 3, 2024The following article reports on Brooklyn’s Cadman Towers becoming the first-ever Mitchell-Lama co-op to convert to a Housing Development Fund Corporation (HDFC) co-op under the City of New York’s Article 2 to Article 11 Program. New York City Affordable Housing & Real Estate partner Erica Buckley, leader of the firm’s Cooperatives & Condominiums and State Attorneys General teams, is quoted in the coverage. Erica helped develop the Article 2 to Article 11 Program in her prior role with the state attorney general’s office. In addition to Erica, the NP team working on the Cadman Towers conversion includes associate Natan Szegedi, department attorney Nichole Thomas, senior paralegals Stephen DuRie and Will Truskowski, and Co-op and Condo support specialist Jordan Giordano, all of the AHRE practice and New York City office.
- Habitat Magazine
Cadman Towers is first Mitchell-Lama co-op to convert to an HDFC
July 2, 2024The following article reports on Brooklyn’s Cadman Towers becoming the first-ever Mitchell-Lama co-op to convert to a Housing Development Fund Corporation (HDFC) co-op under the City of New York’s Article 2 to Article 11 Program. New York City Affordable Housing & Real Estate partner Erica Buckley, leader of the firm’s Cooperatives & Condominiums and State Attorneys General teams, is quoted in the coverage. Erica helped develop the Article 2 to Article 11 Program in her prior role with the state attorney general’s office. In addition to Erica, the NP team working on the Cadman Towers conversion includes associate Natan Szegedi, department attorney Nichole Thomas, senior paralegals Stephen DuRie and Will Truskowski, and Co-op and Condo support specialist Jordan Giordano, all of the AHRE practice and New York City office.
- Habitat
Affordable co-ops and condos could be coming to New York
This article, covering New York Governor Kathy Hochul’s proposal to replace a soon-to-expire property tax incentive program with the new Affordable Neighborhoods for New Yorkers (ANNY), quotes and links to a recent client alert written by Cooperatives & Condominiums team leader and partner Erica Buckley and department attorney Nichole Thomas, both of the Affordable Housing & Real Estate group in New York City.Jan 24, 2022
Admitted to practice
New York
Education
Brooklyn Law School, J.D.
Adelphi University, B.A.
Professional activities
- Member of the Commercial Real Estate Women Network, New York Chapter (CREW-NY).
- Member of the Brooklyn Journal of Corporate, Financial & Commercial Law staff from 2013–2014 and appointed symposium chair from 2014–2015.
Insights And Happenings
View AllProfessionals in the Practice Area
View AllErica F. Buckley
Partner / Leader, Cooperatives & Condominiums / Leader, State Attorneys General- New York
- Office:+1 212.940.3733
- ebuckley@nixonpeabody.com
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Richard J. Shore
Counsel- New York
- Office:+1 212.940.3050Mobile:+1 917.435.7997
- rshore@nixonpeabody.com
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