Syndication:  New Markets Tax Credits

The new markets tax credit (NMTC) can help finance commercial and mixed-use real estate developments, historic rehabilitations, and loans to small businesses in low-income communities. Nixon Peabody has more attorneys helping clients close NMTC transactions than any other law firm, and our success rate is the highest.

Our lawyers handle everything required to complete transactions successfully. We help clients assess risk, determine whether their projects will qualify, and protect their investments. Our comprehensive services include:

  • “Qualified community development entities” (CDEs) certifications
  • NMTC allocation application assistance
  • Execution of allocation agreements
  • Coordinating transactional closings
  • Compliance reviews

We thoroughly understand the legal, tax, and business concerns of those seeking to earn NMTCs, including financial institutions. We have participated in transactions that have involved the tax, legal, and/or financial departments of many Fortune 100 corporations in connection with direct and secondary investments generating tax credits. We also work with:

  • Nonprofit organizations, cities, and states seeking to expand existing community revitalization and business development initiatives
  • Corporate investors, including commercial banks and real estate lenders
  • Historic tax credit developers, investors, and syndicators intending to combine NMTCs with historic tax credits
  • Parties seeking to leverage NMTC and public/foundation resources
  • Underwriters and secondary market participants
  • CDCs, SSBICs, and CDFIs
  • For-profit and nonprofit developers and business owners and operators negotiating NMTC-advantaged financing
Boston • Chicago • Los Angeles • London • New York • Paris
Rochester • San Francisco • Shanghai • Silicon Valley • Washington • Albany
Buffalo • Long Island • Manchester • Palm Beach Gardens • Providence

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