Please join Niki Tsismenakis of Goldstein Hall and Jessica Neilan of the Enterprise Community Loan Fund to learn everything you ever wanted to know about guarantees required in an affordable housing transaction, and how these contingent liabilities may impact future ability to borrow capital.
Niki Tsismenakis’ practice largely consists of affordable housing and community development, real estate finance, cooperative and condominium law, and not-for-profit law.Niki, who joined Goldstein Hall in 2010, has experience in projects involving 9% and 4% low-income housing tax credits and New York City Housing Development Corporation and New York State Housing Finance Agency tax exempt and refunded bond programs. She is also knowledgeable in 420-c and Article XI tax abatements, and has represented clients in projects involving scattered-site locations, Year 15 transactions, syndication, and inclusionary air rights. She also provides expertise in Goldstein Hall’s Emerging Developer Program, which helps reduce barriers for new developers and contractors in the affordable housing industry.
In addition to being a WHF Board member, Jessica Neilan is a Loan Officer for Enterprise Community Loan Fund, Inc. (ECLF) where she has worked since July, 2015. In this capacity, she is responsible for structuring, underwriting and closing affordable housing debt transactions that include construction, acquisition, predevelopment and bridge loans primarily for the NYC market. Before her work as a loan officer for ECLF, she worked as an Asset Manager in Enterprise Community Asset Management from May 2014 to 2015. Prior to her move to Enterprise, she worked as a senior project manager in HPD’s Multifamily New Construction Program.