Steven Ald:
A Legacy of Excellence in New York Real Estate Development

Navigating complex financing, securing tax credits, and building stronger New York communities for over 30 years.

Contact Steven Ald

Experienced Developer for Affordable Supportive Housing Projects

When the stakes are high and the financing is complex, developers and non-profits turn to Steven Ald, Esq. Based in New York, Steven Ald has spent over 30 years at the forefront of affordable supportive housing development.

From securing the first ever Low Income Housing Tax Credit funding for NYS Office of Mental Health housing to managing $35M+ multi-family developments, Steven’s career is defined by a deep understanding of New York State housing agencies and the intricate legal frameworks that govern them.

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Evergreen Lofts in Buffalo NY

Comprehensive Development Services

Steven Ald Lawyer in New York, specializing in affordable housing and large real estate projects.

  • Expertise in LIHTC (Low-Income Housing Tax Credits), NYS Housing Trust Fund, Historic Tax Credits, and Brownfield Tax Credits.

  • Strategic guidance through the various NYS funding agency's processes for Low-Income Housing Tax Credits (LIHTC), from "Concept Paper" to full application, construction closing, rent-up, stabilization, and converting to permanent loan status.

  • Navigating municipal regulations, such as variances, site plan approval, and Payment-In-Lieu-of-Tax (PILOT) agreements, to clear the path for innovative New York developments.

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By The Numbers

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Of Supportive Housing Development
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of Multi-Family Housing Developed
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in Capital Project Value Managed
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Admitted to New York State Bar

Pioneering LGBTQ-Affirming Housing in Buffalo

One of Steven Ald’s most significant contributions to the New York legal landscape was serving as the primary developer for the first-ever LGBTQ-affirming Low Income Housing Tax Credit (LIHTC) project in Buffalo. This project required masterful negotiation of partnership agreements and a nuanced understanding of Federal and State funding requirements. For Steven Ald, it wasn't just a closing—it was a milestone for inclusive housing in New York.

Serving the Entire State of New York

While Steven is deeply rooted in the Western New York affordable housing development community, his reach extends across the state. He has been instrumental in the development and closing of significant housing projects in:

  • Western NY: Buffalo, Jamestown, Dunkirk

  • Finger Lakes: Rochester, Ithaca

  • Downstate: Long Island and Brooklyn