Nixon Peabody LLP

  • People
  • Capabilities
  • Insights
  • About

Trending Topics

    • People
    • Capabilities
    • Insights
    • About
    • Locations
    • Events
    • Careers
    • Alumni

    Practices

    View All

    • Affordable Housing
    • Community Development Finance
    • Corporate & Finance
    • Cybersecurity & Privacy
    • Environmental
    • Franchising & Distribution
    • Government Investigations & White Collar Defense
    • Healthcare
    • Intellectual Property
    • International Services
    • Labor & Employment
    • Litigation
    • Private Wealth & Advisory
    • Project Finance
    • Public Finance
    • Real Estate
    • Regulatory & Government Relations

    Industries

    View All

    • Cannabis
    • Consumer
    • Energy
    • Entertainment
    • Financial Services
    • Healthcare
    • Higher Education
    • Infrastructure
    • Manufacturing
    • Non Profit
    • Real Estate
    • Technology

    Value-Added Services

    View All

    • Alternative Fee Arrangements

      Developing innovative pricing structures and alternative fee agreement models that deliver additional value for our clients.

    • Continuing Education

      Advancing professional knowledge and offering credits for attorneys, staff and other professionals.

    • Crisis Advisory

      Helping clients respond correctly when a crisis occurs.

    • DEI Strategic Services

      Providing our clients with legal, strategic, and practical advice to make transformational changes in their organizations.

    • eDiscovery

      Leveraging law and technology to deliver sound solutions.

    • Global Services

      Delivering seamless service through partnerships across the globe.

    • Innovation

      Leveraging leading-edge technology to guide change and create seamless, collaborative experiences for clients and attorneys.

    • IPED

      Industry-leading conferences focused on affordable housing, tax credits, and more.

    • Legal Project Management

      Providing actionable information to support strategic decision-making.

    • Legally Green

      Teaming with clients to advance sustainable projects, mitigate the effects of climate change, and protect our planet.

    • Nixon Peabody Trust Company

      Offering a range of investment management and fiduciary services.

    • NP Capital Connector

      Bringing together companies and investors for tomorrow’s new deals.

    • NP Second Opinion

      Offering fresh insights on cases that are delayed, over budget, or off-target from the desired resolution.

    • NP Trial

      Courtroom-ready lawyers who can resolve disputes early on clients’ terms or prevail at trial before a judge or jury.

    • Social Impact

      Creating positive impact in our communities through increasing equity, access, and opportunity.

    1. Home
    2. Capabilities
    3. Practices
    4. Community Development Finance
    5. Opportunity ZonesCommunity Development Finance

    Opportunity Zones

    Opportunity zones have the potential to transform low-income communities, real estate investment, and business formation across the country. No one understands this powerful new tool better than we do.

    Overview

    Created by Congress’s tax reform bill in 2017, opportunity zones are designated low-income areas where investors can realize attractive tax advantages. Using a Qualified Opportunity Fund (O-Fund), investors can acquire a stake in new or existing buildings, property, and businesses within these zones.

    O-Funds are useful in a range of projects, from redeveloping individual sites that were formerly power plants and factories to higher education institutions seeking to attract major donors for new or renovated campus-adjacent buildings. 

    Our Opportunity Zones team is comprised of more than 40 real estate, community development finance, tax, and corporate attorneys who can help clients with all aspects of O-Fund transactions. 

    We anticipate opportunity zones opening the door for high-impact investment in a variety of sectors, and we’re ready to help you capitalize on this future.

    Representative Experience

    • Developer of multifamily units Represented in acquisition of three properties located in opportunity zones in the Los Angeles area; properties will be redeveloped into multifamily developments resulting in a total of 700+ units of workforce, low-income, and market-rate rental housing
    • Creation of O-fund Assisted in the creation of O-Fund financing the redevelopment of theaters located within opportunity zones in New York and Massachusetts
    • Represented an affordable housing developer in O-Fund formation
    • National community development lender Represented in the mixed financing of a development located within an opportunity zone
    • City Advised on opportunity zone issues
    • Diversified holding company Represented in O-Fund formation
    • Investors Represented in creating opportunity funds for the capital gains from the sale of real estate property
    • Institutional lender Represented in the formation of an O-Fund

    Our Team

    See Full Team
    • Bruce J. Baker

      Partner
      • Rochester
      • Office:585.263.1232
      • bbaker@nixonpeabody.com
      Bruce J. Baker
    • Forrest David Milder

      Partner
      • Boston
      • Office:617.345.1055
      • fmilder@nixonpeabody.com
      Forrest  David Milder
    • Sonia A. Nayak

      Partner / Office Managing Partner, Los Angeles
      • Los Angeles
      • Office:213.629.6072
      • snayak@nixonpeabody.com
      Sonia A. Nayak
    • Richard Michael Price

      Partner
      • Washington Dc
      • Office:202.585.8716
      • rprice@nixonpeabody.com
      Richard Michael Price
    • Rudy S. Salo

      Partner
      • Los Angeles
      • Office:213.629.6069
      • rsalo@nixonpeabody.com
      Rudy S. Salo
    • Aaron J. Yowell

      Partner
      Chief Innovation Officer
      • New York
      • Office:212.940.3161
      • ayowell@nixonpeabody.com
      Aaron J. Yowell
    See full team

    Insights And Happenings

    • Speaking Engagement

      CREFC Conference

      Jan 8, 2023
    • Event

      Boston Affordable Housing and Real Estate Roadshow

      Oct 12, 2022
    • Press Release

      Nixon Peabody’s Chaundi Randolph elected to ABA Affordable Housing Forum Governing Committee

      Sep 13, 2022

    Subscribe to stay informed of the latest legal news, alerts, and business trends.Subscribe

    • People
    • Capabilities
    • Insights
    • About
    • Locations
    • Events
    • Careers
    • Alumni
    • © 2023 Nixon Peabody. All rights reserved
    • Privacy Policy
    • Terms of Use
    • Statement of Client Rights
    • Supplier Diversity Program
    • Nixon Peabody International LLC
    • PAL