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Scott D. Sergio



Scott Sergio focuses his practice on community development and revitalization, particularly on structuring projects that use tax incentives as a means of financing low-income community projects across the country.

What do you focus on?

I have a wide range of experience in the area of community development finance.

New Markets Tax Credits (NMTCs)

I represent investors, developers, community development entities, and leverage lenders in the structuring, closing, and unwinding of community development projects utilizing both federal and state NMTCs across the country. Representative transactions include grocery stores, theaters, museums, and commercial/retail office complexes.

Historic Rehabilitation Tax Credits (HTCs)

I represent investors, developers, and bridge lenders in the structuring and closing of historic rehabilitation projects across the country. Representative transactions include hospitals, charter and public schools, and the conversion of former industrial facilities into large-scale, mixed-use residential and commercial complexes.

What do you see on the horizon?

I see more focus on using commercial and residential development as a tool to measure community impact and using the capital markets to achieve a broader scope of community impact than ever before.

In the NMTC area, more and more projects are leveraging as many sources of financing as possible in order to maximize the benefit that NMTCs can provide. This includes state and local funds, third-party commercial financing, and “stacking” multiple credit programs through the NMTC funnel. We’re helping our clients identify those non-traditional sources and navigate the various statutory, business, and legal requirements that must be balanced in order for all the sources to work together for the underlying project.

In the HTC area, as the industry continues to adjust to recent IRS guidance and the impact of the 2017 tax reform legislation, we’re helping our clients strike the balance that allows their projects to best mitigate recapture risk, while at the same time realizing the economic and community benefits for each project.

Contact

Scott D. Sergio

Partner

Washington, DC

Phone: 202-585-8828


Fax: 202-585-8080

Temple University School of Law, J.D., magna cum laude

University of Richmond, B.A.

District of Columbia

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