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Head of AG’s real estate finance bureau to join Stroock

After eight years of public service, the head of the New York State Attorney General’s Real Estate

Erica Buckley to join Stroock & Stroock

After eight years of public service, the head of the New York State Attorney General’s Real Estate Finance Bureau is making a move to the private sector.

Erica Buckley will join the real estate and government relations practices at Stroock & Stroock & Lavan’s New York office.

The 42-year-old has been with the attorney general’s office for eight years and in 2013 was made chief of the 45-person Real Estate Finance Bureau, which enforces a state law regulating the offer and sale of both co-ops and condominiums. The bureau also focused on affordable housing and monitored landlords and developers receiving 421-a abatements.

For two years, the office investigated alleged landlord violations of 421a that resulted in 18 settlements with landlords. The landlords agreed to pay more than $5 million into New York City’s Affordable Housing – AG Settlement Fund, the Wall Street Journal reported.

Buckley will focus on the co-op and condo practice at Stroock, and she told the Journal she hopes her background will help developers navigate a complicated regulatory system.

“The only thing better than preserving affordable housing…is building it,” she told the Journal. [WSJ] — Dusica Sue Malesevic

Source: The Real Deal