The U.S. government has supported qualifying projects with billions of dollars in tax credits and grants since the programs’ inception. Tax credits make many community development ventures financially feasible—yet more complex. With experience in thousands of these deals, we know what will work and can help you shape unique projects that will work financially and offer the added benefit of positive social impact.
The key programs we use to help our clients:
Created more than 2.4 million units of affordable housing since 1986 and generates about 120,000 more each year.
We helped shape the legislation that created the LIHTC and have contributed to every major federal housing program since 1970, making our team LIHTC’s unparalleled problem solvers.
Supports projects that often revitalize underserved urban and rural neighborhoods. We help clients close hundreds of NMTC transactions to build charter schools, hotels, commercial and mixed-use developments.
Critical driver of downtown real estate investment and community revitalization. Old buildings have a singular role in “placemaking” our neighborhoods as vibrant and desirable places to live. We help our clients bring new life to theaters, former factories and old gems like armories and department stores.
Traditionally utilized primarily for solar and fuel cell transactions, have recently been instrumental in the financing of wind and biomass facilities too. We assist our clients in all aspects of the development and financing of energy installations of all sizes, including from residential rooftop solar facilities to utility-scale, ground-mounted solar facilities for the military; from single wind turbines to large wind farms.
Please also visit the Institute for Professional and Executive Development (IPED) for more conference and seminar offerings.
The Bond Buyer | August 19, 2019
This article mentions Nixon Peabody’s ascension to the No. 2 spot in bond counsel rankings in the Northeast for the first half of the year.
Bond Buyer | August 09, 2019
This article mentions Nixon Peabody’s role as disclosure counsel in San Francisco International Airport’s upcoming pricing of $1.2 million in revenue bonds.
The Bond Buyer | July 17, 2019
Nixon Peabody is featured among the top 10 bond counsel and underwriter counsel in The Bond Buyer’s 2019 first-half rankings.
Power Finance & Risk | July 03, 2019
This story features New York City Project Finance and Public Finance partner Ellen Friedman discussing the view within the tax equity community about alternative investment structures for tax credits resulting from carbon capture activity.
The Bond Buyer | June 12, 2019
This article mentions Nixon Peabody as bond counsel for the sale of $42.3 million in fixed-rate safe drinking water bonds.
The Bond Buyer | June 11, 2019
This feature highlights the arrivals of New York City partner Chris Reitzel and Albany counsel Jeff Pohl to Nixon Peabody’s growing Project Finance and Public Finance practice group.
Affordable Housing Finance | June 10, 2019
New York City strategic policy advisor Deborah VanAmerongen and Washington DC partner Nate Cushman, both of the Affordable Housing and Real Estate practice group, co-wrote this contributed article highlighting opportunities under HUD’s Rental Assistance Demonstration program.
The Bond Buyer | June 06, 2019
Nixon Peabody is mentioned in this story as bond counsel to Loudon County, Virginia’s sale of $170.37 million in GO public improvement bonds.
Governing.com | May 20, 2019
Los Angeles Public Finance and Project Finance partner Rudy Salo says the impact of federal tax reform, which included a $10,000 cap on the deduction for state and local taxes, on the real estate market has not been as dire as predicted.
The Bond Buyer | May 20, 2019
Nixon Peabody is mentioned in this article for its work on an opinion on the tax-exempt status of A-2 and B-2 bonds to be offered as an exchange to holders of restructured COFINA bonds.
The Bond Buyer | May 17, 2019
This roundup of muni market activity highlights Nixon Peabody’s role as bond counsel in the MTA’s sale of bond anticipation notes to seven groups.
Bloomberg Tax | May 15, 2019
Boston Community Development Finance partner Forrest Milder wrote this contributed article explaining the math behind determining the fair market value of a qualified opportunity fund partnership interest after 10 years.
Affordable Housing Finance | April 21, 2019
Boston Community Development Finance partner Forrest Milder discusses opportunity zones and housing in this video from the AHF Live Forum.
Bloomberg Tax | April 21, 2019
Boston Community Development Finance partner Forrest Milder is quoted in this article, discussing possible confusion stemming from the murky definition of “independent contractor” in proposed IRS rules governing opportunity zones.
The Daily Record | April 18, 2019
Several colleagues in Nixon Peabody’s Rochester office were recognized by the Daily Record as part of this year’s Excellence in Law Awards. Corporate counsel Anita Pelletier was named one of the Top Women in Law. Project Finance and Public Finance associate Jessica Paulin and Corporate associate Kat Murphy were chosen as Up and Coming Attorneys. Records coordinator Nancy Lopez was honored as an Unsung Legal Hero.
Reuters Legal | April 14, 2019
The recent additions of New York partner Chris Reitzel and Albany counsel Jeff Pohl to Nixon Peabody’s Project Finance & Public Finance team are highlighted in Reuters Legal’s Career Tracker column.
Governing.com | April 11, 2019
This article about the federal tax reform’s impact on states quotes Los Angeles Project Finance and Public Finance partner Rudy Salo discussing the long-term effects it may have on government debt and how voters may react to bonds in the future.
Bisnow | April 09, 2019
This article highlights Nixon Peabody’s nonprofit, New Partners Community Solar. The piece covers phase one of the program and its continued efforts to partner with Washington, DC, building owners to install solar panels on multiple new sites, which will produce renewable energy to benefit local low-income residents. The piece also notes that Washington, DC, Community Development Finance partner Jeff Lesk will discuss this clean energy initiative at Bisnow’s upcoming Greater DC Solar and Sustainability Summit.
The Deal | April 07, 2019
The additions of New York City partner Chris Reitzel and Albany counsel Jeff Pohl to Nixon Peabody’s growing Project Finance and Public Finance practice group are highlighted in this article.
Los Angeles Business Journal | April 07, 2019
Nixon Peabody Community Development Finance counsel Sonia Nayak has been recognized as one of the top women lawyers in the city on Los Angeles Business Journal’s annual list.
The Bond Buyer | March 11, 2019
This article recaps the recent National Association of Bond Lawyers panel on bond audits. Washington, DC Project Finance and Public Finance partner Bruce Serchuk, who served as the panel’s moderator, is quoted discussing best practices on when to send documents to the IRS.
The Bond Buyer | February 25, 2019
Nixon Peabody’s work as bond counsel to the New York City Municipal Water Finance Authority in its sale of revenue bonds in two offerings is mentioned in this article.
Affordable Housing Finance | February 12, 2019
The promotions of new Nixon Peabody partners Ed Campbell, Nate Cushman, John Marti and Susanna Mitchell are mentioned in this roundup of notable career moves.
The Bond Buyer | February 12, 2019
Los Angeles Project Finance and Public Finance partner Angelica Valencia is featured in this story on her promotion to partner. Practice group leader Ken Lind is also quoted.
Los Angeles Business Journal | February 12, 2019
Los Angeles Project Finance and Public Finance partner Rudy Salo is quoted in this story about the benefits and accompanying uncertainty for small businesses involved in large-scale infrastructure projects.
Affordable Housing Finance | February 07, 2019
New York City Affordable Housing and Real Estate counsel Kathie Soroka and Boston Community Development Finance partner Forrest Milder contributed this article outlining five ways in which low-income housing tax credit transactions can benefit from opportunity zone funds.
American Lawyer | February 05, 2019
In this article covering African-American attorneys in the newest partner classes of Big Law firms, Nixon Peabody’s 2019 partner class is noted for being 60 percent diverse, and highlights the promotions of Boston Community Development Finance Partner John Marti and Los Angeles Affordable Housing and Real Estate Partner Edward Campbell.
Commercial Observer | January 21, 2019
New York City Affordable Housing & Real Estate partner Aaron Yowell is quoted extensively in this story on how potential investors in opportunity zones are navigating this complex new development vehicle.
The Bond Buyer | January 16, 2019
Nixon Peabody is listed as a top 10 muni bond counsel firm for 2018.
Bond Buyer | January 03, 2019
Los Angeles Project Finance and Public Finance partner Rudy Salo is quoted in this article on the medium-term outlook for cannabis businesses, which may get a boost from a variety of political factors that could lessen the federal government’s resistance to legalization.
Massachusetts Lawyers Weekly | December 26, 2018
Boston Affordable Housing & Real Estate partner Jeff Sacks is quoted in this article on the ability of municipal planning agencies to respond to possible foreclosure of affordable housing properties.
The Bond Buyer | December 20, 2018
The Bond Buyer’s story on the arrival of New York City Project Finance and Public Finance partner Roddy Devlin at Nixon Peabody was the third most-read article of 2018.
The American Lawyer | December 05, 2018
Los Angeles Office Managing Partner Justin Thompson is quoted in this article, discussing how the increasing prevalence of autonomous vehicles will affect zoning regulations, parking counts and urban development.
Bloomberg Tax | November 28, 2018
Boston Community Development Finance partner Forrest Milder wrote this contributed article outlining key details that investors and developers need to know as they utilize the opportunity zone provisions created by the 2017 tax law.
Affordable Housing Finance | November 15, 2018
New York City strategic policy advisor Deborah VanAmerongen, of the Affordable Housing & Real Estate practice group, says the new leadership of the House Appropriations Committee is likely to push the Department of Housing and Urban Development for additional financing for affordable housing.
The Gothamist | November 15, 2018
New York City Affordable Housing & Real Estate counsel Kathie Soroka is quoted extensively in this story about the city’s plan to use the federal Rental Assistance Demonstration program to improve thousands of Section 8 apartments.
International Energy Law Review | October 31, 2018
Boston Community Development Finance partner Forrest Milder authored this column about a recent Federal Court of Appeals ruling to overturn the Alta Wind decision, and its possible implications for the energy industry and projects involving government grants or tax credits.
Power Finance & Risk | October 29, 2018
Albany Project Finance and Public Finance partner Rich Cogen is quoted in this article on the trend of increasing RFP activity for renewable energy projects, even in some unexpected states.
Affordable Housing Finance | October 23, 2018
Boston Community Development Finance partner Forrest Milder is quoted extensively in this article outlining the impact of new IRS guidelines governing the use of the Opportunity Zone program for affordable housing developers.
Bloomberg Law | October 18, 2018
Boston Community Development Finance partner Forrest Milder wrote this contributed article detailing the development incentives available as part of the Opportunity Zones provisions in the 2017 tax law.
The Bond Buyer | October 04, 2018
Project Finance and Public Finance practice group leader Ken Lind, based in New York City, is quoted in this story on Q3 and Q4 bond issuance activity and the impact of the new Secured Overnight Financing Rate (SOFR).
Bond Buyer | October 01, 2018
New York City Project Finance & Public Finance partner Roddy Devlin is quoted in this story about the advantages of using a design-build model for the pending reconstruction of a portion of the Brooklyn-Queens Expressway.
Inframation News | October 01, 2018
New York City Project Finance & Public Finance partner Roddy Devlin is quoted in this article about new legislation in New Jersey designed to expand to state’s ability to improve infrastructure through P3 projects.
Bisnow | September 30, 2018
Washington DC Office Managing Partner Colette Dafoe and Community Development Finance partner Jeff Lesk are mentioned in this story about the DCSolar project, which began on Nixon Peabody’s rooftop and has expanded throughout the District.
Capital Tonight | September 26, 2018
New York City Affordable Housing & Real Estate senior strategic advisor Deborah VanAmerongen was a guest on Spectrum News’ “Capital Tonight” newscast for a panel discussion on affordable housing in upstate New York.
The Real Deal | September 18, 2018
New York City Affordable Housing and Real Estate partner Erica Buckley is quoted in this article about how New York real estate will evolve if nominee Letitia James becomes the next attorney general.
Law360 | September 03, 2018
This weekly roundup of notable real estate deals mentions New York City Affordable Housing and Real Estate partner Joe Lynch’s work as counsel to affordable housing developer Breaking Ground in its $170 million purchase of a historic building in Brooklyn.
Power Finance and Risk | August 15, 2018
Boston Community Development Finance partner Forrest Milder is quoted in this story for his analysis of a recent U.S. Appeals Court decision that could negatively impact the reliability of valuations used in renewable project deals.
Massachusetts Lawyers Weekly | August 15, 2018
Boston Affordable Housing & Real Estate partner Jeff Sacks wrote this contributed article analyzing a recent decision by the Massachusetts Supreme Judicial Court that “likely will lead to greater scrutiny of all historic preservation projects involving church properties.”
Tax Credit Advisor | July 31, 2018
Chicago Community Development Finance partner Andrew Tripp is quoted extensively in this article about the impact of tax reform on the tax credit industry.
The Bond Buyer | July 26, 2018
Los Angeles Project Finance and Public Finance partner Rudy Salo is quoted in this article on how autonomous vehicles will impact the future of transportation planning.
P3 Bulletin | July 25, 2018
New York City Project Finance and Public Finance partner Roddy Devlin is quoted in this article discussing a recent bill passed by New Jersey legislators that could increase the frequency of public-private partnership (P3) projects.
The Bond Buyer | July 17, 2018
Nixon Peabody is listed among the Top 10 in bond counsel rankings for the first half in 2018 in this article analyzing trends in the municipal bond market.
Solar Power World | July 10, 2018
Washington DC partner Jeff Lesk and senior counsel Herb Stevens, both of the Community Development Finance Group, are mentioned in this story after NPSolar was named Community/Shared Renewables Project of the Year by the Interstate Renewable Energy Council.
Washington Post | May 10, 2018
Nixon Peabody’s pro bono solar panel project is featured in this article. Washington DC tax credit finance and syndication partner Jeff Lesk and senior counsel Herb Stevens are quoted throughout this feature which highlights how this first-of-its-kind project benefits low-income residents in the DC community.
Affordable Housing Finance | December 17, 2017
Nixon Peabody is mentioned in this article for working with Silver Street Development Corp. to leverage the federal Rental Assistance Demonstration (RAD) program to increase the number of affordable housing units in a New Jersey senior housing community.
Affordable Housing Finance | December 03, 2017
Washington DC tax credit finance and syndication partner Rick Goldstein is quoted in this article on the differences between the Senate and House tax bills in their impact on affordable housing in the U.S.
National Mortgage News | November 30, 2017
Washington DC tax credit finance and syndication partner Rick Goldstein is quoted this article on how the tax reform plan would impact affordable housing in the U.S.
Law360 | November 27, 2017
New York City affordable housing partner Aaron Yowell counseled Park Management Inc. in its $53 million acquisition of a seven-floor apartment building in the Bronx serving lower-income renters.
Bisnow | November 27, 2017
Washington DC affordable housing associate Susanna Mitchell was quoted in this article for her outlook on how a decrease in the corporate tax rate could make it more difficult to strike deals with investors for affordable housing projects.
Affordable Housing Finance | November 16, 2017
This article covers Affordable Housing Finance’s recent annual AHF Live: The Affordable Housing Developers Summit in Chicago and quotes Washington, DC tax credit finance and syndication partner Rick Goldstein discussing the proposed tax reform bill.
American Banker | November 14, 2017
Washington DC tax credit finance and syndication partner Rick Goldstein provides commentary about private activity bonds in the following coverage about how the proposed tax reform bill will impact affordable housing.
CNBC | November 13, 2017
Washington DC tax credit finance and syndication partner Rick Goldstein provides commentary about private activity bonds in the following coverage about how the proposed tax reform bill will impact affordable housing.
PBS | November 13, 2017
Washington DC tax credit finance and syndication partner Rick Goldstein provides commentary about private activity bonds in the following coverage about how the proposed tax reform bill will impact affordable housing.
POLITICO New York | November 02, 2017
Washington DC tax credit finance and syndication partner Rick Goldstein is quoted in this article about the impact of the House Tax Reform Bill on affordable housing.
Artsy | October 12, 2017
Washington DC tax credit finance and syndication partner Andrew Potts, a former executive director of the United States National Committee of the International Council on Monuments and Sites, is quoted in this article about the Trump administration’s decision to withdraw from UNESCO, the United Nation’s cultural organization, by the end of this year.
WDET-FM (NPR Detroit) | October 11, 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.
Sol Systems | September 21, 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.
The National Law Journal | August 26, 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.
Novogradac & Company | August 03, 2017
Boston Tax Credit Finance & Syndication partner Forrest Milder authored this column about what to consider when using renewable energy tax credits when renovating a facility.
Law360 | August 01, 2017
Washington DC affordable housing partner Richard Price is quoted in this article about the Senate Finance Committee's hearing regarding the potential increased availability of affordable housing tax credits.
The Cooperator | July 26, 2017
New York City affordable housing partner Erica Buckley provides third-party commentary about a proposed regulation by New York City’s Housing Preservation and Development department (HPD).
Novogradac & Company | July 09, 2017
Boston tax credit finance and syndication partner Forrest Milder authored this column about the Internal Revenue Service’s proposed audits regulations.
Law360 | June 29, 2017
The following coverage includes the arrival of New York City affordable housing partner Erica Buckley to Nixon Peabody.
Real Estate Weekly | June 29, 2017
The following coverage includes the arrival of New York City affordable housing partner Erica Buckley to Nixon Peabody.
The Deal | June 11, 2017
This coverage includes the arrival of New York City affordable housing partner Erica Buckley to Nixon Peabody.
Law360 | June 07, 2017
This feature discusses how Erica’s extensive experience, particularly in 421-A tax exemptions and the Martin Act, having previously served as the chief regulator of the Real Estate Finance Bureau of the NY Attorney General’s office, will bolster NP’s affordable housing practice.
New York Law Journal | June 07, 2017
This feature discusses how Erica’s extensive experience, particularly in 421-A tax exemptions and the Martin Act, having previously served as the chief regulator of the Real Estate Finance Bureau of the NY Attorney General’s office, will bolster NP’s affordable housing practice.
Bloomberg BNA | June 05, 2017
This article mentions New York affordable housing partner Erica Buckley’s arrival at Nixon Peabody.
Affordable Housing News | June 05, 2017
This article mentions New York affordable housing partner Erica Buckley’s arrival at Nixon Peabody.
Novogradac & Company | May 08, 2017
Boston tax credit finance and syndication partner Forrest Milder authored this column about the increasing use of back leverage in renewable energy tax credit projects and its implications.
Law360 | April 27, 2017
This article mentions recent leadership promotions at the firm including David Brown, Jared Lusk, Jim Vallee, Graham Beck, Kathleen Ceglarski Burns, Emily Crandall Harlan, Daniel Gibbons, Linda Huber, Ilana Kameros, Haydon Keitner, Darren Miller, Neal Pandozzi, Edward Puerta, Stephen Reil, and Elizabeth Young.
Law360 | April 17, 2017
New York City affordable housing partner Joseph Lynch is mentioned in this article as representing nonprofit HP Michelangelo Housing Co. Inc. in its acquisition of an apartment complex in the Bronx for $78.1M.
Real Estate Business | April 05, 2017
This article mentions Nixon Peabody as Millennia Housing Development’s Department of Housing and Urban Development counsel in its acquisition of a 303-unit affordable housing property in Maryland for $30.5M.
Bisnow | April 04, 2017
This Q&A with Washington DC office managing partner Jeff Lesk is about the future of affordable housing and community development amid looming tax reforms and potential cuts to federal programs. Click here to read the full article.
Crain’s New York Business | January 17, 2017
New York City office managing partner and affordable housing partner Joe Lynch is quoted in this article about how the Trump administration’s proposed corporate tax cuts are already affecting affordable housing developers in New York City who use tax credits to finance their projects.
Novagradac: Journal of Tax Credits | January 09, 2017
Boston tax credit finance and syndication partner Forrest Milder authored this article about ten things people should keep in mind when combining low-income housing tax credits (LIHTC) and renewable energy tax credits (RETC).
Affordable Housing Finance | January 03, 2017
In this open letter to U.S. Department of Housing and Urban Development (HUD) secretary nominee Dr. Ben Carson, New York City affordable housing strategic policy advisor Deborah VanAmerongen shares her insights on working with HUD and advice for the future.
Affordable Housing Finance | January 03, 2017
This story focuses on the 2017 affordable housing industry outlook. New York City affordable housing strategic policy advisor Deborah VanAmerongen is quoted discussing the Low Income Housing Tax Credit program.
Bisnow | December 21, 2016
Washington DC office managing partner Jeff Lesk is quoted in this feature story about DC’s first large-scale downtown commercial Community Solar project on the roof of Nixon Peabody’s Washington DC office. This article focuses on the innovation and uniqueness of the NP Solar project.
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