Herbert F. Stevens

Herb Stevens is one of the nation’s foremost authorities on financing community-based projects by leveraging public programs, including tax credits, with private capital development. His clients include the largest capital markets investors, local governments and for-profit and nonprofit developers of important projects.

As Chief Innovation Officer, he has also helped attorneys at Nixon Peabody develop new, more responsive legal services.

What do you focus on?

Ground-breaking projects

I have created new financing platforms for ground-breaking projects throughout the country in the areas of community development, historic preservation, renewable energy, affordable housing and sustainability. For example, when two important federal subsidy programs, the low-income housing tax credit and the new markets tax credit, were in their “startup” phases, I helped businesses and attorneys create the financial structures financing channels to deliver the federal benefits to local communities.

New Markets

Some of my favorite projects have been working to bring new investment and new life into underserved communities. Larger projects can serve as an anchor to revitalize an entire neighborhood, such as turning a beautiful but long-vacant armory into a vibrant theater; restaurants and night life soon follow. Less glamorous but perhaps more important are projects that bring jobs, such as manufacturing, retail and charter schools.

Solar and Sustainable Energy

I’ve worked on a wide variety of renewable energy projects, from nationwide residential and commercial solar to the first state-sponsored fund that put solar on homes for low and moderate income families. I’m currently working on a new way for affordable housing residents to participate in the benefits of solar energy using community solar laws.


More recently, I helped in the financing of a 75-megawatt biofuel plant that has converted a 19th century wood-based local economy to a 21st century center creating both jobs and renewable energy.

What do you see on the horizon?

How will companies and investors work with multiple government and nonprofit organizations to build new resources in local communities? The answers to that question will be the big success stories in the future for real estate development. All parties now know they need each other to accomplish this. We will keep finding unique ways for the government programs and the private sector to share in the mission to bring new energy to underserved areas.

Sol Systems monetizes SRECs for first Community solar project in DC

Sol Systems | September 22, 2017

This article is about a partnership between Sol Systems and New Partners Community Solar Corp., a nonprofit founded by Washington DC tax credit finance and syndication partners Jeff Lesk and Herb Stevens, to monetize solar renewable energy credits from the community solar project in DC.

Nixon Peabody brings back the sun in DC

The National Law Journal | August 27, 2017

This article features the Washington, DC office’s solar program and mentions partners Jeff Lesk and Herb Stevens, who manage grants for the firm’s nonprofit New Partners Community Solar Corp.

Washington DC clean energy plan leads the way

Earthtalk | March 20, 2017

Chief Innovation Officer Herb Stevens is quoted in this story discussing how the firm helped implement the community solar project as part of the Clean Energy DC plan, which aims to cut greenhouse-gas emissions and energy use in half by 2032.

DC mayor proposing green bank to fund clean energy projects

NBC4 Washington | March 15, 2017

Washington DC office managing partner Jeff Lesk and chief innovation officer Herb Stevens were interviewed in this broadcast news segment about a green bank that could be created to help finance environmentally friendly projects similar to the solar panels installed on our DC office building.

Up on Nixon Peabodys roof

Tax Credit Advisor | March 01, 2017

Washington, DC office managing partner Jeff Lesk and chief innovation officer Herb Stevens are featured in this article about the Washington, DC office’s Community Solar project.

Mission Investing Invigorated

Law360 | October 06, 2015

Partner and leader of the firm’s Nonprofit Organizations practice Mike Cooney and partner and Chief Innovation Officer Herb Stevens authored this piece discussing recent developments in the area known as “mission” or “impact investing”—terms used to describe the deployment of philanthropic investment capital to advance charitable ends.

Experts discuss how green buildings are changing DC

Elevation DC | July 07, 2015

This feature story discusses how Washington, DC, has become a leader in the green building movement. Washington, DC, office managing partner Jeff Lesk and partner and chief innovation officer Herb Stevens are quoted and pictured in the piece.

For Summer Law Interns, the Livin' Is Easy

Wall Street Journal | July 06, 2015

In this feature story on summer associate programs, Chief Innovation Officer Herb Stevens discusses how we differentiate our summer program from others through things such as Imagination Summer—which has our summer associates developing new business ideas and solutions for clients. A current summer associate is interviewed.


Herbert F. Stevens

Chief Innovation Officer

Washington, DC

Phone: 202-585-8811

Fax: 866-947-3560

Georgetown University Law Center, M.L.

Catholic University of America, Columbus School of Law, J.D.

Massachusetts Institute of Technology, B.S.

District of Columbia

Herb was selected by his peers for inclusion in The Best Lawyers in America© 2018 in the field of Real Estate Law.

Herb is recognized as one of the top tax lawyers in the Washington, DC, edition of Super Lawyers Magazine (2014-2016).

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