Washington, DC. Nixon Peabody is excited to announce that tax credit finance and syndication partner Andrew S. Potts has returned to the firm’s Washington DC office after a 24-month sabbatical. Andrew spent that time serving as the executive director of the United States National Committee of the International Council on Monuments and Sites (US/ICOMOS). His work with US/ICOMOS adds an international dimension to Andrew’s nearly 20 years of practice in the area of historic tax credits and financing for heritage-based community revitalization.
US/ICOMOS is a nonprofit, non-governmental organization that promotes international collaboration in the field of historic preservation and cultural heritage. As executive director, Andrew implemented US/ICOMOS’s KnowledgeExchange strategic plan. It aims to increase the connectivity of U.S. historic preservationists to international cultural heritage efforts.
Andrew’s time at US/ICOMOS coincided with a crucial period in international development. Andrew had the opportunity to participate in the creation of the 2030 UN Sustainable Development Goals (SDG), which include a groundbreaking heritage and development target. As part of his work in this mission, Andrew participated in the 2016 UN Habitat 3 Conference with more than 30,000 urban experts to create best practices on urban sustainability and resilience, including commitments on leveraging and safeguarding cultural heritage.
“This experience gave me an incredible opportunity to leverage my passion for historic preservation in service of tackling some of the key development challenges of our time including sustainable cities, climate change adaptation and disaster risk reduction,” said Andrew Potts. “Often the financing piece is the least understood aspect of these efforts. I’m excited to use this experience to help tackle the question of financing for heritage-based development through my practice at Nixon Peabody.”
Andrew’s law practice focuses on the use of federal and state historic tax credits (HTCs) and new markets tax credits (NMTCs) as means for financing community revitalization projects. Andrew’s clients include for-profit and nonprofit developers and building owners as well as investors and syndicators. The projects Andrew has worked on represent all sections of real estate including both affordable and market rate housing; hospitality; theaters and cultural centers; higher education; social services uses; and office, retail and industrial.