We are a recognized leader in guiding commercial real estate owners, developers and lenders through the Affordable New York Housing Program and its predecessor program, 421-a.
For clients contemplating financing and acquisition transactions, we counsel on the feasibility of their transactions and provide formal eligibility opinions. We also guide clients through the application process and help them stay in compliance, working closely with associate commissioners at the New York City Department of Housing Preservation and Development (HPD).
Additionally, the members of our government relations group are a valuable resource to clients facing non-compliance investigations by the New York State Attorney General’s Office and the Office of the New York City Comptroller.
Members of our team are also regularly called on to educate financial institutions, brokerage firms, title insurance companies and major industry groups on the nuances of both programs.