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    4. New Markets Tax Credits

      Practices

    New Markets Tax Credits

    Nixon Peabody sets the standard for new markets tax credits, partnering with clients to finance projects that revitalize urban and rural areas.

    /Overview

    Nixon Peabody has been involved with the new markets tax credit program since its inception in 2000, closing one of the first transactions ever under the program.

    As one of the most active law firms in the sector, we bring deep tax, legal, and financial knowledge to clients of all sizes. Our clients range from small businesses seeking funding (QALICBs) to Community Development Entities (CDEs) to FORTUNE 100 corporations in connection with direct and secondary investments generating tax credits.

    Our team creates a positive impact by helping to bring charter schools, grocery stores, hospitals, and other landmarks and services to communities across the country.

    /Representative experience

    • New family housing and domestic violence shelter, Missoula, Montana Represented the tax credit investor in the NMTC financing for the YWCA-operated shelter 
    • New medical center in Nashville, Tennessee Represented the CDE in connection with the NMTC financing
    • L.A. Lee YMCA Mizell Community Center project, Florida Represented the investor and source loan provider in connection with the NMTC financing 
    • New grocery delivery fulfillment center in Georgia Represented the CDE in connection with the NMTC financing 
    • Expansion of office space for a minority-owned tech company, Eatonville, Florida Represented the CDE lender in connection with the NMTC financing 
    • Charter school, Los Angeles, CA Represented the lender in connection with financing for the school in the Silverlake neighborhood of Los Angeles

    /Recognition

    • Nixon Peabody has been named a Tier 1 National firm for Tax Law in the 2025 edition of Best Law Firms®.

    Our Team

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    • Key Contact

      Sonia A. Nayak

      Partner / Office Managing Partner, Los Angeles
      • Los Angeles
      • Office:+1 213.629.6072
      • snayak@nixonpeabody.com
      Sonia A. Nayak
    • Gregory N. Doran

      Partner / Chair, Project Finance, Infrastructure & Real Estate Department
      • Washington DC
      • Office:+1 202.585.8266
      • gdoran@nixonpeabody.com
      Gregory N. Doran
    • Nicholas J. Anderson

      Partner
      • Washington DC
      • Office:+1 202.585.8442
      • nanderson@nixonpeabody.com
      Nicholas J.  Anderson
    • Garth Bostic

      Counsel
      • Los Angeles
      • Office:+1 213.629.6029
      • gbostic@nixonpeabody.com
      Garth Bostic
    • Michael J. Goldman

      Partner
      • Washington DC
      • Office:+1 202.585.8289
        Mobile:+1 202.716.4798
      • mjgoldman@nixonpeabody.com
      Michael J. Goldman
    • Justin L. Fitzgerald

      Partner
      • Boston
      • Office:+1 617.345.1062
      • jlfitzgerald@nixonpeabody.com
      Justin L. Fitzgerald
    See Full Team

    Insights And Happenings

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    • Article

      Attorney Spotlight: Alex Day

      Nov 5, 2024
    • Press Release

      Nixon Peabody welcomes Community Development Finance partners Fred Miller and Andrew Rubin

      May 2, 2024
    • Article

      Genesis LA brings new life to underserved neighborhoods

      Oct 26, 2023
    View All

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