Currently, his practice focuses on affordable and cooperative housing. Burt has been involved extensively in secured and unsecured financing transactions for housing developments from both, a lender’s and a borrower’s perspective, involving both regulated and unregulated housing. In addition, his extensive experience includes dealing with city, state, and federal housing agencies on behalf of regulated housing developments.
Burt has represented and advised housing developments on widely diverse activities, including financing; requests for financing proposals; corporate and regulatory aspects of low income housing tax credit financing, privatization of government regulated cooperatives, apartment purchase procedures, applications, interview procedures, and legal compliance, including anti-discrimination laws. He also handles specialized real estate transactions, including sales to New York City for perpetual parkland use, sales of commercial condominium units, not-for-profit corporation transactions, easements and licenses of real property, and sales to foreign governments of real property.
Burt is also experienced in advising housing developments concerning specialized issues, such as electricity submetering, governmental investigations, regulatory compliance, placements of apartments into trusts, sales of apartments for commercial uses, advising on cooperative corporate governance, including disputed elections, directors’ responsibilities and other maintenance and operation issues, and drafting governing documents (certificates of incorporation, by-laws, proprietary leases, occupancy agreements and house rules). He also advises cooperatives about estate and trust matters affecting them.
Burt returned to private practice in 1990, after 12 years with Bank Hapoalim B.M., much of that as head of its U.S. Legal Department, where he gained expertise in areas as diverse as domestic and international commercial lending, federal and state bank regulatory compliance, interstate and international transactions, and bank operations and management. His banking practice has included areas such as commercial lending, wire transfers, funds transfer systems, federal and state banking and consumer regulations compliance, fidelity bond claims, money laundering and fraud issues, and bank secrecy and commercial aspects of bankruptcy matters.
After law school, Burt clerked for two federal judges in the U.S. District Court for the Eastern District of New York.
Norris McLaughlin, P.A. Member to Headline Photo Exhibit
Norris McLaughlin, P.A.Closes First Multi-Family Grant Under NYC Build It Back
Norris McLaughlin, P.A.Testifies in Opposition to Proposed Cooperative Legislation
Burt Allen Solomon Exhibits Photography, Some Things Seen in Israel
Norris McLaughlin, P.A.Closes Over $150 Million Financing Package for Mutual Redevelopment Houses
Burt Allen Solomon Exhibits Photography at Amalgamated Houses in The Bronx
Burt Allen Solomon Exhibits Photography at The Framing Mill
NEWLY ADOPTED NEW YORK NON-PROFIT REVITALIZATION ACT OF 2013
NEW STATUTORY SHORT FORM POWER OF ATTORNEY FOR NEW YORK
•“Newly Adopted New York Non-Profit Revitalization Act of 2013, ” NM Client Memorandum, June 9, 2014
•Quoted, “Get to Know Your Board: Looking at Board Roles & Responsibilities,” The Cooperator, August 2013
•“New Statutory Short Form Power of Attorney for New York,” Cooperative (“Co-op”) and Condominium Law Alert, April 2011
•Quoted, “ Know Your Board: Understanding Roles & Responsibilities, ” The Cooperator, August 2009
•“New Laws Affecting Our Co-Coops,” Coordinating Council of Cooperatives, New York, New York, February 12, 2011
(Also at New York, New York Office)
•American Bar Association
•Affordable Housing & Community Development Law Section
•Business Law Section
•Real Property Law Section
•New Jersey State Bar Association
•Banking Law Section
•Real Property Law Section
•Probate and Trust Law Section
•Corporate and Business Law Section
•New York State Bar Association
•New York City Bar Association
•Banking Law Committee, 1986-1989
•New York County Lawyers Association
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