Marty Siroka has more than 30 years of experience working on structured financing transactions. He has an extensive background in public finance; real estate financing; multifamily and hospital staff housing development; federal, state and local government housing programs; and mortgage insurance. He represents multifamily residential developers, owners and managing agents, underwriters, tax credit syndicators, borrowers and lenders, mortgage bankers, real estate equity investors and individuals forming partnerships and limited liability companies to acquire, own and operate real estate or conduct real estate-related businesses.
Marty drafts and reviews bond documents, offering statements, investment agreements, mortgage loan documents, and partnership and limited liability company agreements. He negotiates with underwriters, bond insurers, banks, government agencies, credit rating agencies and developers, and conducts closings of complex bond and mortgage transactions and real estate sales transactions. Marty has been involved in hundreds of multifamily housing bond and note offerings and has focused on the financing of “80/20” rental developments. He has also worked on a broad array of issues involving the low-income housing tax credit, and he has significant experience in dealing with rental developments subject to New York State’s Mitchell Lama Law and Redevelopment Companies Law (Article 5). In addition, he has extensive experience in rental projects involving Federal Housing Authority (FHA) insurance and Federal Section 8 and Section 236 subsidies.
Previously, Marty served for more than 11 years as vice president and general counsel of the New York City Housing Development Corporation. He also served as vice president and general counsel for the Housing New York Corporation and the New York City Residential Mortgage Insurance Corporation, and as deputy general counsel for the Historic Districts Council (HDC). Before joining HDC, Marty served as deputy general counsel to the city of New York Department of Housing Preservation and Development, where he supervised all legal matters for the division responsible for the maintenance, operation and disposition of more than 9,000 city-owned residential buildings, which accommodated more than 100,000 tenants.