David Schon is chair of the firm’s Historic Rehabilitation Tax Credit team. He represents diverse clients from institutional investors and mission driven lenders to for-profit developers and nonprofit project sponsors.
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, opportunity zones and targeted investment funds are the tools I most often see in my work.
I see investments in historic buildings give people a sense of place and access to shared history that inspires people and capitalizes on local assets. Adaptive reuse of historic buildings brings long-term, sustainable investments that increase property values and promote healthy, vibrant communities. Impact focused investing can address social needs with capital markets vehicles.
I speak at industry events and serve on boards and committees related to community development lending and tax credits. I see the disciplines of tax advantaged finance and impact investing as related tools that deliver financial returns and give more people access to a healthy, secure and meaningful life.
I see more focus on measuring impact, considering stakeholders and using the capital markets to achieve a broader definition of economic success. I see more recognition of the unique potential of historic buildings as engines of economic development, the role of heritage in combatting climate change and more people seeking places to live where they can walk, bike or take transit to work. Sustainability, resilience and quality of life can go hand in hand.
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.
03.13.19 | Los Angeles, CA
Wayne State University, J.D.
University of Michigan, B.A.
District of Columbia
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.