Nicholas P. Tsimortos

Nick is an associate in the Real Estate practice and a member of the Affordable Housing and Entertainment & Sports industry teams.

With a deep understanding of complex government regulations, Nick represents private and publicly held companies in the development of large-scale affordable housing projects across the U.S. Handling both transactional and regulatory aspects of affordable housing projects, he helps clients navigate the complicated federal approval requirements that surround projects involving government-held debt and subsidies from the Department of Housing and Urban Development (“HUD”) and USDA Rural Development.

Nick has significant experience in obtaining authorization from USDA Rural Development for the prepayment and transfer of debt held by the agency. He combines his knowledge of the intricacies of USDA regulations with his close government relationships to expedite approvals on behalf of his clients. Further, Nick is dedicated to preserving USDA’s rural housing portfolio by working toward new policies that will attract more rural developers.

Nick is also experienced in obtaining HUD approval for the assignment and long-term renewal of project-based Section 8 contracts. Additionally, he assists clients in complying with the Tenant Opportunity to Purchase Act (“TOPA”), which provides tenant organizations an opportunity to purchase a project that is being sold.

In recognition of emerging trends, Nick’s practice also involves advising clients on environmental, social, and governance (“ESG”) compliance matters. As ESG compliance becomes increasingly important to corporations and investors, he assists his clients in developing additional disclosures and understanding the government’s evolving role in this space as it relates to the affordable housing sector.

Nick’s public policy and regulatory skillset uniquely positions him to represent developers in a legal capacity while also supporting important changes. Drawing from his years of experience in government, Nick works closely with national trade organizations on advocacy efforts surrounding new federal and state housing legislation in an effort to shape policies impacting the affordable housing industry and his clients.

As the government becomes more concerned with the nation’s lack of affordable housing, Nick is keeping a watchful eye on the substantial development opportunities and new regulations affecting his clients’ affordable housing projects.