(In-Person) Current Issues in Affordable Housing in New York City

Tuesday, May 9, 2023 | 9:00 am – 12:30 pm

Program Co-Chairs:

Rachel D. JaffeGoldstein Hall PLLC

Karol S. RobinsonHerrick, Feinstein LLP

  • This program will provide an inside perspective on the future of affordable housing in New York City.  Seasoned practitioners from the private and public sectors will discuss the role of the city, state and federal governments, in conjunction with for-profit developers and not-for-profit organizations, in building and preserving affordable housing. Participants will learn about the statutory, regulatory and business considerations underlying critical topics in affordable housing.

    Program Fee:
    $99 Member | $199 Nonmember
    Government/Non-Profit/Academic: Free for Members | $70 Nonmember
    Small Law Firm Member & Non-Legal Professional:  $40

  • Panel 1: Senior Housing Today: Successes, Challenges, and Looking to the Future

    Oliver Chase, Moderator
    Partner, Hirschen Singer & Epstein LLP

    Sarah Leitson
    Director, Senior Affordable Rental Apartments (SARA), New York City Department of Housing Preservation and Development

    Jenna Breines
    Director of Real Estate Development, West Side Federation for Senior and Supportive Housing, Inc. (WSFSSH)

    Jeff Fox
    Co-Owner, Foxy Management

    Mohini Mishra
    Vice President, Senior Communities, Selfhelp Community Services, Inc.

    Panel 2: Democratizing Land and Housing Through Community Land Trusts

    Deyanira Del Rio, Moderator
    Co-Director, New Economy Project

    Erica F. Buckley
    Partner, Nixon Peabody LLP

    Stephen Erdman
    Executive Director, Homeownership and Shared Equity, HPD

    Paula Segal
    Senior Staff Attorney, TakeRoot Justice

    Panel 3: The Basics of Tax Exempt Bond Financing 

    Julia Solo, Moderator
    Senior Vice President and Counsel, Federated National Land, LLC

    Moira Skeados
    Senior Vice President, Deputy General Counsel and Secretary, NYC Housing Development Corporation

    Darryl Austin
    Senior Counsel, Goldstein Hall

  • 9:00 am – 9:02 am                   Program Introduction

    9:02 am – 10:02 am                 Panel I: Senior Housing Today: Successes, Challenges and Looking to the Future

                • Background on LIHTC/structure of senior housing; SARA program (income/age eligibility); other HPD senior housing initiatives
                • Non-Profit Developer’s perspective (financing; regulatory; legislation; discussion of specific projects)
                • For-Profit Developer’s perspective and property management (financing; regulatory; legislation; discussion of specific projects; property management of senior housing projects)
                • Social services perspective (aging in place; health & housing; legislation)
                • Legal wrap-up (discussion of applicable documentation)

    10:02 am – 10:12 am               Break

    10:12 am – 11:07 am               Panel II: Democratizing Land and Housing Through Community Land Trusts

                • CLT fundamentals
                • NYC Landscape
                • Policy wins and goals
                • Case Study: East Harlem El Barrio CLT
                  • Mission, origins
                  • 2020 property acquisitions + work since to rehab, develop MHA
                  • Legal, policy, other challenges/dynamics, process for decision-making
                • Case Study: Community Founded CLT for Homeownership
                  • Interboro – 2017 to the present
                  • Overview of Founding Members and Unique Organizational Issues
                  • Affordable Homeownership and CLTS – Why it makes sense
                • A City Perspective on CLTs
                  • HPD’s work with CLTs, including in the context of NYC’s housing plan
                  • Challenges and strategies to working with CLTs at scale
                  • Legal and policy issues

    11:07 am – 11:17 am               Break

    11:17 am -12:20 pm                Panel III: The Basics of Tax Exempt Bond Financing

                • Basics of Tax Exempt Bond Financing – From Application to Closing: How does it work?  How to apply. Who qualifies?  What to expect?
                • Intersection of Low Income Tax Credits with TE Bond Financing? 50% Test? Syndicator/Investor Role.
                • What to Look Out for as Developer’s Counsel. Getting ahead of potential issues.

    12:20 pm – 12:30 pm              Closing Remarks

  • New York: 3.0  Professional Practice
    New Jersey: 3.0 General California: 3.0 GeneralPennsylvania: 2.5 GeneralConnecticut: Available to Licensed Attorneys

  • Sponsoring Association Committee:
    Housing and Urban Development, Rachel D. Jaffe and Karol S. Robinson, Co-Chairs

    Sponsorship Opportunities are Available! Please Contact:
    Yelena Balashchenko, Manager, Business Development & Sponsorships | (212) 382-6608 | ybalashchenko@nycbar.org