PRACTICE AREAS


Erica F. Buckley focuses on the representation of for-profit and not-for-profit developers and sponsors, tenant associations, cooperative housing corporations and condominium associations, and housing-related businesses in a broad range of real estate matters involving real estate securities, affordable housing, alternative dispute resolution, regulatory compliance and government relations.

Prior to joining Stroock, Ms. Buckley served as Chief of the Real Estate Finance Bureau of the New York State Attorney General's Office, a 45-person Bureau charged with enforcing the Martin Act – New York's blue sky law that regulates the offer and sale of real estate securities, including cooperatives, condominiums, timeshares, senior communities and homeowners associations.  

As Chief, Ms. Buckley overhauled all aspects of the Bureau, having issued numerous guidance documents and regulations, including a cooperative policy statement for owners of occupied buildings to test the market prior to submission of an offering plan, and an exemption application process to permit partial sales of condo units in Low-Income Housing Tax Credit projects with permanently affordable rental housing, and rule-making to require the submission of digital copies of offering plans and amendments.
 
Ms. Buckley led the Bureau’s enforcement activities involving violations of the Martin Act and other applicable New York laws including New York’s Business Corporation Law and New York Executive Law.  Ms. Buckley oversaw the Bureau's 421-a Real Estate Tax Compliance Program, which resulted in the registration of nearly 2,000 units of rent-stabilized housing and the payment of more than $5 million into the City’s AG-Affordable Housing Restitution Fund – a fund innovated by Ms. Buckley.  

Ms. Buckley also reviewed numerous offering plans for complex transactions such as Mitchell-Lama privatizations and occupied conversions in New York City including the Apthorp Condominium. She regularly collaborated with the New York City Department of Housing Preservation and Development, New York State Homes and Community Renewal and other governmental agencies on numerous matters involving affordable housing and tax incentives.

Prior to joining the Attorney General's Office, Ms. Buckley served as General Counsel to the Urban Homesteading Assistance Board – a not-for-profit focused on the development, preservation and support of limited-equity housing cooperatives known as Housing Development Fund Companies.

MEMBERSHIPS

  • Leadership Council, Habitat for Humanity New York City
  • Member, New York State Association for Affordable Housing (NYSAFAH)
  • Member, New York City Bar Association
    • Member, Housing and Urban Development Committee; Chair, 2012-2015
  • Member, Women in Housing and Finance of New York City
  • Member, Housing Committee, Real Estate Board of New York
  • Advisory Board Member, Furman Center for Real Estate/Moelis Institute for Affordable Housing

SPEECHES & EVENTS

  • Panelist, "Fair Housing: Still Fair?" and "Navigating City Approval Processes," 18th Annual New York State Association for Affordable Housing Conference, New York, NY, May 9-10, 2017
  • Speaker, "Current Issues in Affordable Housing in New York City," New York City Bar Association CLE, New York, NY, May 4, 2017
  • Speaker, "New York's Condo Market," Real Estate Finance & Investment Briefing, New York, NY, June 2, 2016 
  • Speaker, "The Future of Affordable Housing In New York City 2016," New York City Bar Association CLE, New York, NY, May 5, 2016
  • Presenter, "Special Briefing for HDFC Shareholders," Honorable Gale Brewer, Manhattan Borough President, New York, NY, December 2015
  • Presenter, "Know Your Rights Forum Co-op/Condo Conversions," Council Member Helen Rosenthal & Assembly Member Linda B. Rosenthal, New York, NY, April 2015
  • Presenter, "Leading the Team to Resolution Through Non-Litigation Strategies," Attorney General Executive Leadership Seminar, Ryebrook, NY, December 2014
  • Facilitator and Planner, "A New Start for the City's Affordable Housing Landscape," New York City Bar Association Roundtable Discussion, New York, NY, December 2013
  • Moderator and Planner, "The Evolution of Affordable Housing in New York City," New York City Bar Association CLE, New York, NY, September 2013
  • Presenter, "Affordable Housing Issues for Cooperatives & Condominiums: Hot Topics 2012," New York State Bar Association, Advanced Topics in Condominiums and Cooperatives CLE, New York, NY, February 2012
  • Presenter, "Attorney General Policies on Housing Development Fund Corporations: Past, Present and Future," New York State Bar Association, Committee on Condominiums and Cooperatives Annual Meeting, New York, NY, June 2011

PUBLICATIONS

  • Co-author, "Good News for Developers: New York Adopts the 421-a 'Affordable Housing NY Program,'" Stroock Special Bulletin, April 13, 2017
  • Co-author, "Governor Cuomo Releases 'Affordable Housing NY Program' to Resolve Section 421-a Tax Exemption Impasse," Stroock Special Bulletin, January 25, 2017
  • Co-author, "Update: Application Process for New York City Cooperative and Condominium Property Tax Abatements," Stroock Special Bulletin, January 23, 2017
  • Co-author, "421-a Makes a Comeback," Stroock Special Bulletin, November 11, 2016
  • "Mitchell-Lama Cooperatives: An Alternative To Privatizing," Law360, September 13, 2016
  • "For City-Supervised Mitchell-Lama Cooperatives Thinking About Privatization: Think Again. An Overview of the Article II to Article XI Conversion Program," Stroock Special Bulletin, August 15, 2016
  • "Testing the Market in Occupied Residential Rental Buildings," Stroock Special Bulletin, July 7, 2016
  • Co-author, "New York State Eases Registration Requirements for Offer and Sale by Developers to New York Purchasers of Real Estate Situated Outside New York State," Stroock Special Bulletin, June 1, 2016
  • "Five Myths About Housing Development Fund Corporation Privatization," Stroock Special Bulletin,
    May 17, 2016
  • Co-author, "The Role of the Condominium Act in the Creation of Affordable Housing," Stroock Special Bulletin, May 12, 2016
  • Co-author, "Mandatory Inclusionary Housing: Implications of 421-a and Vested Rights," Law360, March 30, 2016
  • Co-author, "Mandatory Inclusionary Housing: Implications of 421-a and Vested Rights," Stroock Special Bulletin, March 23, 2016
  • "Land Banking in New York Begins-How Our Towns and Cities are Using the New York Land Bank Act to Fight Blight and Encourage Renewal," N.Y. Real Property Law Journal, Fall 2012, Vol. 40, No. 4
  • Co-author, "Co-ops Can Ease the Condominium Crisis," GlobeSt.com, October 5, 2009

ADMITTED TO PRACTICE

New York


EDUCATION

J.D., City University of New York School of Law, 2001

B.A., State University of New York, Binghamton, 1996

PUBLICATIONS

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