Overview David Abromowitz, a Director and Co-Chair of the firm's Real Estate group, conducts a broad national practice leading complex development and financing transactions, representing for-profit, non-profit and governmental organizations. Growing clients frequently turn to David for advice in all aspects of their operation and strategic planning. He is nationally known for particular expertise in many areas of affordable housing and economic development, including Section 42 multifamily residential properties, active adult and assisted living communities, revitalized public housing and HOPE VI matters, Section 236 and Section 8 financings, community land trusts, and other multi-layered public and private financings. Representative Experience · Sale for national REIT of 14 property, 1,200 unit apartment portfolio involving numerous subsidy, regulatory and structuring issues · $160 Million securitized refinancing of 1,283 unit apartment complex involving subordination of three public loans and ground lease negotiations to meet rating agency requirements. · Counsel to John Hancock Financial Services on the sale of the Hancock Tower and related buildings to Beacon Capital Partners as well as on the subsequent repurchase of the Brown and Berkeley Buildings from Broadway Partners. · $700 Million Boston Convention and Exposition Center project for the Boston Redevelopment Authority, including land assembly, relocation and multi-party development arrangements. · Master-planned development of 3,000 acre former Digital Equipment Corporation campus into 2,500 home planned unit development (including multiple hotel/conference centers, and Rees Jones and Jack Nicklaus designed golf course) for Pinehills LLC. · Tax credit equity investments for various national syndicators, including numerous tax credit partnerships throughout the Southeast, Mid-West and Mid-Atlantic, and multi-property fund of 14 properties in 7 states. · Multiple acquisition/rehab resyndications for non-profit sponsors of Section 8, Section 236 and other older assisted projects using both housing and historic tax credits. · Portfolio transaction for Section 236 and Section 8 owner involving all aspects of over 3,000 units of HUD-assisted housing. · Over $400 Million of bridge and fund financings representing one of the premier national low income housing tax credit syndicators. Professional and Community Involvement · Senior Fellow, Center for American Progress · Board of Directors, MassDevelopment · Secretary, National Housing & Rehabilitation Association · Board, Equity Trust (1996-present) · Board, National Housing and Rehabilitation Association (1997-present) · Co-Chair, Governor Deval Patrick's Housing Transition Working Group (2006-2007) · Co-Chair and founding member, Lawyers Clearinghouse on Affordable Housing and Homelessness (Co-Chair, 1993-1998) Board, YouthBuild USA (1998-present) Chair, ABA Forum on Affordable Housing and Community Development (1996-1997) and Board Member (1987-1998) · American Bar Association Forum on Affordable Housing and Community Development · Past President, Congregation Eitz Chayin · Former Chair, Goulston & Storrs Pro Bono Committee (overseeing Firm's award-winning pro bono program) (1997 - 2007) Awards and Recognition · Martindale Hubbell Peer Review Rated AV Preeminent TM · Massachusetts Super Lawyer, 2009-2011 · Honored by National Economic Development and Law Center, 2004 Speaking Engagements · Keynote Speaker, National Community Land Trust Conference, Albuquerque, New Mexico, 2010 · Featured Speaker, Neighborworks America National Conference, Atlanta, Georgia, 2009 · Panelist, "Green Initiatives in Affordable Housing," Boston Bar Association, 2009 · Presenter, "Public Service Opportunities in the Private Sector", Harvard Law School, 2003 · Presenter, National Association of Black Realtors, "Making Affordable Assisted Living a Reality", Louisville, KY, 2000 · Presenter, Real Estate Finance Association forum, 1999 Advisories January 2011
State Tax Credit Encourages Expansion of Market Rate Housing Stock February 2010
Affordable Housing Preservation Law Imposes New Notice Requirements, Right of First Refusal and Right of First Offer January 2010
PACE Bond Financing for Energy Projects Gaining Favor, Adopted in New York August 2009
Broad Housing Tax Credit Consensus Reached May 2009
HUD Issues Notice of Funding Availability for Energy and Green Retrofits to Section 202, Section 811 and Section 8 Housing May 2009
New Energy Efficiency Coordination Between HUD and DOE March 2009
FY 2009 Appropriations Mixed Bag for Housing Programs, FY 2010 Looking Brighter March 2009
Neighborhood Stabilization Program Update February 2009
Affordable Housing and Economic Development Notes July 2008
The Housing and Economic Recovery Act of 2008 March 2008
Deepening Credit Crisis - Legal Developments Publications & Mentions July 2011
"Pagos iniciales podría sabotear la compra de vivienda (Down payments could sabotage homeownership)," ImpreMedia June 2011
"Which Way Out?," Apartment Finance Today June 2011
"Why Public Spending Matters," New York Times March 2011
"Local Commercial Real Estate Could Get Boost from Israeli Investors," Banker & Tradesman October 2010
"A Responsible Market for Rental Housing Finance ," Center for American Progress July 2010
"Making the Community Reinvestment Act More Effective," Center for American Progress April, 2010
"Homeownership Done Right," Center for American Progress March 2010
"Crossing the Finish Line: Exchange Funds Push Massachusetts Deal Forward", Tax Credit Adviser February 2010
The Next Housing Crisis February 2010
"A Path to Homeownership," Center for American Progress September 2009
"Groups Agree to LIHTC Stimulus Plan" January 2009
"Striving For Green Affordable Housing," GlobeSt.com February 2008
"Addressing Foreclosures: A Great American Dream Neighborhood Stabilization Plan," Center for American Progress January 2008
"A Foreclosure-Free Option," Boston Globe Seminars & Events April 2011
The Future of the GSEs in Multifamily Housing March 2011
The Boston - Israel Connection: Innovation, Growth, and its Impact on Real Estate Interactive Media November 2010
A Small Town Take on The Great Recession |