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David F. Schon



David Schon is co-chair of the firm’s Historic Rehabilitation Tax Credit team. He represents diverse clients from institutional investors to for-profit developers and nonprofit project sponsors.

What do you focus on?

Triple-bottom-line

I focus my practice on tax advantaged, triple-bottom-line investments that deliver economic, social and environmental benefits to sponsors and equity investors. Historic rehabilitation, new markets and renewable energy tax credits are the tools I most often see in my work.

Placemaking

I’m passionate about the idea that historic buildings give people a sense of place—a shared history and good public spaces capitalize on local assets, inspiration and potential. Adaptive reuse of historic buildings brings long-term, sustainable investments that increase property values and promote healthy, vibrant communities.

Industry involvement

I speak at industry events and serve on boards both related to tax credits. I appreciate the energy that new entrants to the industry bring and I enjoy teaching them about the power of tax credit finance to revitalize and renew.

What do you see on the horizon?

I see more recognition of the unique potential of historic buildings as engines of economic development and more people seeking places to live where they can walk or bike to work. Sustainability and quality of life should go hand in hand.

Presentations

  • “Updates on Tax and Legal Issues Post Tax Reform/Opportunity Zones Update,” Historic Tax Credits for Rehabilitation—Challenges in Developing Mid-Twentieth Century Buildings conference, Los Angeles, CA, March 2019 (panelist)

Representative Experience

  • Represented the investor and lender in an NMTC and RETC eligible transaction providing solar power to the Cincinnati Zoo
  • Represented the investor in a multi-property fund generating federal historic tax credits
  • Represented the investor in the HTC and NMTC financed rehabilitation of the David Whitney Building in Detroit, Michigan
  • Represented the investor in a series of NMTC eligible transactions financing facilities for health care, homeless services, start-up food businesses and mixed use development in several states
  • Represented the CDE lender in a series of NMTC eligible transactions financing schools, community facilities, grocery stores and commercial space in low-income communities across several states

Interest in historic preservation growing in Detroit

WDET-FM (NPR Detroit) | October 12, 2017

In this radio segment about the increase of rehabilitation investment and construction in Detroit over the past few years, Washington DC tax credit finance and syndication partner David Schon discusses how to take advantage of historic preservation tax credits for the city’s historical buildings.

Spend Your Vacation in an Old Model T Factory

Bloomberg Pursuits | April 22, 2016

Washington, DC, Tax Credit Finance & Syndication partner David Schon is included in this story about how former industrial sites such as a tractor depot, a Pabst bottling works, and a former Ford automobile plant are turning into luxury hotels.

Affordable Housing Deals Are Getting More Plentiful, But More Complex

Bisnow (DC) | March 28, 2016

This feature story recaps the Affordable Housing Forum which focused on creating and improving affordable housing communities. Washington, DC, office managing partner Jeff Lesk, Affordable Housing partner Monica Sussman and Tax Credit Finance & Syndication partner David Schon are featured.

Contact

David F. Schon

Partner

Washington, DC

Phone: 202-585-8778


Fax: 202-585-8080

Wayne State University, J.D.

University of Michigan, B.A.

District of Columbia

Michigan

Illinois

U.S. District Court, Eastern District of Michigan

David serves on the board of directors of Preservation Action and on the loan advisory committee of Partners for the Common Good. He is also a member of the Project for Public Spaces leadership council and is an advisor at the Urban Consulate. He formerly served on the board of directors of the Michigan Historic Preservation Network.

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