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.
Crain’s Detroit Business | December 17, 2021
This article, exploring the need to preserve Detroit’s rich industrial history when redeveloping vacant sites, quotes Washington, DC Community Development Finance partner David Schon, chair of the Historic Tax Credit team, on the significance of the city’s old American Motor Corp. plant building, which is slated for demolition despite its storied past.
Connect Media | October 19, 2021
This article covers the groundbreaking for a Boston-area affordable housing project, mentioning our firm for advising the developers on the predevelopment, acquisition, permitting, and construction financing. The NP team included Affordable Housing & Real Estate partner Paul Bouton, late partner Ruth Silman, senior associate Julie Hancock Stande, and associate Ali Walendziak, all of the Boston office.
The Deal | July 15, 2021
In two separate articles, the publication highlighted the firm for advising American International Group, Inc. in the pending sale of a $5.1 billion affordable housing portfolio to Blackstone Real Estate Income Trust. Washington, DC Community Development Finance partner Liz Young is noted in one of the stories for leading the NP deal team.
In addition to Liz, the NP team includes Affordable Housing & Real Estate partner Dara Histed, Project Finance & Public Finance partner Carla Young, Community Development Finance senior counsel Jeff Lesk, and Corporate partner John Partigan, all of Washington, DC; Global Finance partner Amanda Darwin, Affordable Housing & Real Estate associates Julie Stande and Ali Walendziak, and Community Development Finance associate Nury Aguasvivas, all of Boston; Affordable Housing & Real Estate associate Emily Schwebke and Project Finance & Public Finance resident attorney Jacalyn Smith, both of Chicago; Manchester Affordable Housing & Real Estate associate Talia Burghard; Long Island Affordable Housing & Real Estate paralegal Lori Esposito; and Los Angeles Corporate paralegal Mina Gonzaque-Taylor.
Crain’s Chicago | July 12, 2021
This column of notable executive moves includes Chicago Community Development Finance associate Kate Michalski and her arrival to the firm.
Bloomberg CityLab | July 01, 2021
In this article, New York City Affordable Housing and Real Estate partner Meghan Altidor discusses how California and New York are turning hotels into housing.
Power Finance & Risk | June 30, 2021
This article on the Internal Revenue Service’s one-year extension for renewable energy projects to qualify for federal tax credits quotes Washington, DC Community Development Finance partner Shariff Barakat for his outlook on the bifurcation of the safe harbor and the “continuous effort” rule.
McKnight’s Senior Living | June 22, 2021
The following trade publication covered the appointment of Washington, DC partner Matthew Mullen to lead the Community Development Finance group in their columns of notable executive moves within the industry.
Affordable Housing Finance | June 21, 2021
The following trade publication covered the appointment of Washington, DC partner Matthew Mullen to lead the Community Development Finance group in their columns of notable executive moves within the industry.
Bloomberg Law | June 14, 2021
This column of notable legal news highlights the appointment of Washington, DC partner Matthew Mullen to lead the Community Development Finance group.
Bloomberg Tax | April 13, 2021
In this article about new proposed IRS rules for foreign investors in opportunity zones, Boston Community Development Finance partner Forrest Milder is quoted on the challenges these investors could face in trying to benefit from the tax breaks.
S&P Global | March 22, 2021
This article quotes Energy and Infrastructure Projects practice team co-leader and New York City partner Ellen Friedman on how major banking institutions are pursuing carbon capture investment structures while mitigating sectorial risks, and also how investors are seeking further guidance and clarity from the IRS.
Regulatory Compliance Watch | March 08, 2021
In this article on how opportunity zones have attracted examiner interest, Boston Community Development Finance partner Forrest Milder is quoted on IRS guidelines around opportunity zones, the delays caused by COVID, and what constitutes a qualified asset.
Law360 | March 08, 2021
This contributed article, which examines the OCC’s finalized rule governing national banks’ ability to participate in equity-based finance structures involving tax credits, was authored by Project Finance & Public Finance partner Ellen Friedman and Global Finance senior counsel Larry Fruchtman, both in New York City; Community Development Finance partner Forrest Milder in Boston; and Community Development Finance partners Michael Goldman and Shariff Barakat, both in Washington, DC.
Tax Credit Advisor | March 01, 2021
This article quotes Boston Community Development Finance partner Forrest Milder on the 4 percent Low-Income Housing Tax Credit floor included in COVID-19 legislation, specifically related to parties that acquired used facilities in 2020 with 2021 bonds.
Power Finance & Risk | February 11, 2021
This article on the reintroduction of the GREEN Act in the House of Representatives quotes New York City Project Finance & Public Finance partner Ellen Friedman on the viability of the Act’s 85% refundable credit to make it through the Senate and her outlook on the 30% investment tax credit for standalone energy storage.
The Bond Buyer | February 11, 2021
NP was mentioned in this article on the California School Finance Authority’s plans to price $1.4 billion in short-term notes for the work by Los Angeles Project Finance & Public Finance partner Dan Deaton serving as disclosure counsel.
WealthManagement.com | February 09, 2021
This article, on how investors are finding more ways to invest in affordable housing, quotes New York City Affordable Housing & Real Estate strategic policy advisor Deborah VanAmerongen on how geography comes into play with tax credits and investments made by private equity firms and developers.
Inframation News | January 25, 2021
This article on the new rule by the Office of the Comptroller of the Currency that may allow national banks and federal savings associations to engage in certain tax-equity finance transactions cites a recent NP tax credit alert. The alert was written by Project Finance & Public Finance partner Ellen Friedman and Global Finance senior counsel Larry Fruchtman, both in New York City; Community Development Finance partners Shariff Barakat and Michael Goldman, both in Washington, D.C.; and Boston Community Development Finance partner Forrest Milder.
Affordable Housing Finance | December 29, 2020
In this article on the acquisition of NP client Boston Capital’s low-income housing tax credit fund portfolio by Boston Financial Investment Management, the firm was mentioned for the work by New York City Corporate partner Dick Langan and associates Shaziah Singh and Vincent Tennant.
Tax Notes | December 28, 2020
Boston Community Development Finance partner Forrest Milder co-authored this letter to the IRS, republished by Tax Notes, related to income averaging regulations for low-income housing tax credits.
CoStar News | December 23, 2020
Boston Community Development Finance partner Forrest Milder and Washington, D.C. Affordable Housing & Real Estate partner Richard Price comment on the low-income housing tax credit rate being fixed at 4% in Congress’ recently passed spending bill, and what that could mean in practical terms.
Affordable Housing Finance | September 22, 2020
This article quotes New York Affordable Housing and Real Estate strategic policy advisor Deborah VanAmerongen on a potentially historic opportunity to address the affordable housing crisis by accessing some older properties not originally built as affordable housing.
Forbes | July 31, 2020
In this contributed article, Los Angeles Project Finance & Public Finance partner Rudy Salo discusses how COVID-19 and the forced work-from-home experiment may have permanently changed the future of cities as the epicenters of the economy.
Bond Buyer | July 30, 2020
This article about San Francisco International Airport (SFO) and its preparations for a $291 million bond refunding deal mentions NP as disclosure counsel. San Francisco partner Travis Gibbs and Los Angeles partner Dan Deaton and counsel Heather White, all of the Project Finance and Public Finance Group, advised on this matter.
The Bond Buyer | July 15, 2020
This article on municipal bond counsel rankings lists Nixon Peabody among the top 10 bond counsel firms for the first half of the year.
The Bond Buyer | July 13, 2020
This article, covering the State University of New York’s sale of $328.5 million in federally taxable dormitory facilities revenue bonds, mentions NP as bond counsel. New York City Project Finance & Public Finance partner Virginia Wong and counsel Abigail Sterling Olsen worked with SUNY on the bond sale, which is intended to offset expected declines in student housing revenue due to the pandemic.
Rockefeller Institute of Government | July 07, 2020
In this article on how COVID-19 could impact transit funding, Los Angeles Project Finance & Public Finance partner Rudy Salo is quoted for his outlook on ridership in the Bay Area.
Power Finance & Risk | July 02, 2020
New York City Project Finance & Public Finance partner and Energy & Infrastructure Projects co-leader Ellen Friedman is quoted in this article for her outlook on how the Treasury Department and Internal Revenue Service’s recent guidance on 45Q tax credits will launch innovative carbon capture projects. Ellen is also mentioned for advising OGCI Climate Investments LLP to develop a large-scale carbon capture facility.
Bloomberg Tax | June 23, 2020
New York City Affordable Housing & Real Estate counsel Kathie Soroka contributed this article on how the Department of Housing and Urban Development’s Rental Assistance Demonstration program can be combined with low-income housing tax credits to provide stable investment opportunities in uncertain times.
Project Finance International | June 16, 2020
Project Finance & Public Finance partners Roddy Devlin, in New York, and Angelica Valencia, in Los Angeles, contributed this article on their outlook on P3s in the airport industry, and the downstream effect of COVID-19 on new project development.
The Bond Buyer | June 05, 2020
This article quotes Los Angeles Project Finance and Public Finance partner Dan Deaton on SEC guidance for disclosures and how the uncertainty caused by the pandemic has impacted the market.
Bond Buyer | April 23, 2020
In this article discussing SEC Chair Jay Clayton’s guidance on corporate disclosure during the COVID-19 pandemic, Los Angeles Project Finance and Public Finance partner Dan Deaton provides commentary about how the virus is introducing complexities to disclosures across markets.
The Bond Buyer | March 03, 2020
This article mentions Nixon Peabody as borrower’s counsel for NorthShore University Health System’s plan to sell new-money and refunding debt next week. Chicago Project Finance and Public Finance partner Julie Seymour and associate Gretchen Sherwood were the deal attorneys.
Washington Lawyer | March 01, 2020
This in-depth profile of New Partners Community Solar features Nixon Peabody’s role in the project and quotes Washington, DC, Community Development Finance senior counsel Jeff Lesk and senior counsel Herb Stevens.
The Bond Buyer | February 21, 2020
This article about year-over-year rise in taxable bond volume noted that Nixon Peabody soared to second place from tenth in the list of top bond counsel in the Northeast.
Power Finance & Risk | February 20, 2020
Washington, DC Community Development Finance partner Shariff Barakat is quoted throughout this article about IRS guidance on a framework for investments in carbon capture and storage projects.
Law.com – The Recorder | February 07, 2020
This round-up of personnel moves in the legal industry mentions Los Angeles Community Development Finance partner Sonia Nayak, who officially joined the NP partnership as of Feb. 1.
Bisnow | February 04, 2020
This round-up of executive and transactional news in Southern California notes the promotion of Los Angeles Community Development Finance attorney Sonia Nayak to partner.
Forbes | February 01, 2020
Los Angeles Project Finance and Public Finance partner Rudy Salo focuses his latest contributed column on several mobility-related takeaways from CES 2020, including the latest developments in autonomous vehicle adoption.
National Association of Bond Lawyers | January 31, 2020
Los Angeles Project Finance and Public Finance associate Jade Turner-Bond discusses her career, her hobbies, and the value of NABL membership in this Q+A.
The Bond Buyer | January 21, 2020
This story highlights Nixon Peabody is one of the top 10 firms for municipal bond counsel work in 2019.
Forbes | January 16, 2020
In his latest contributed column for Forbes, Los Angeles Project Finance and Public Finance partner Rudy Salo explains how the coming wave of Baby Boomer retirements could change transportation habits and land-use trends.
Bloomberg Tax | January 06, 2020
Boston Community Development Finance partner Forrest Milder wrote this contributed article analyzing the recently finalized IRS regulations governing opportunity zones.
The Bond Buyer | December 31, 2019
This article mentions Nixon Peabody’s role as bond counsel to the Metropolitan Transportation Authority in its sale of green revenue bonds and bond anticipation notes.
Affordable Housing Finance | December 26, 2019
Boston Community Development Finance partner Forrest Milder wrote this contributed article analyzing the final IRS regulations governing opportunity zones, the tax-advantaged investment opportunity created by Congress in 2017.
Forbes | December 19, 2019
Los Angeles Project Finance & Public Finance partner Rudy Salo authored this column about how a dearth of affordable housing close to public transit stops is one of the biggest factors contributing to a drop in L.A. transit ridership.
Corporate Counsel | December 16, 2019
This article, covering six tips for general counsel to fortify their corporate reputations, cites New Partners Community Solar Corporation as an example of effectively collaborating with others for greater impact. The authors mention Nixon Peabody’s collaboration with the District Department of Energy & Environment, Brookfield Properties, National Housing Trust Community Development Fund, Enterprise Community Partners, and Sol Systems in forming NP Community Solar.
The Bond Buyer | December 02, 2019
This article highlights Nixon Peabody’s role as bond counsel in the Rhode Island Infrastructure Bank’s planned sale of $154 million of refunding bonds.
Forbes | November 21, 2019
Los Angeles Project Finance & Public Finance partner Rudy Salo, in his latest column for Forbes, breaks down the impact of California’s new “independent contractor” law, which makes ride-hailing workers, on-demand delivery drivers and others eligible for the same wages and benefits available to full-time employees.
Bond Buyer | October 11, 2019
This article mentions Nixon Peabody’s role as bond counsel to the New York Metropolitan Transportation Authority in its sale of Series 2019E transportation revenue bond anticipation notes.
Bond Buyer | October 10, 2019
The article mentions Nixon Peabody’s representation of the Bond Dealers of America as a sign of the lobbying organization’s growth since its founding in 2008.
The Bond Buyer | September 24, 2019
Los Angeles Project Finance and Public Finance partner Angelica Valencia has earned recognition as a Rising Star from The Bond Buyer, a leading publication for municipal finance news. Angelica is also one of three honorees featured on this year’s supplement cover.
Forbes | September 19, 2019
Los Angeles Project Finance and Public Finance partner Rudy Salo, a new regular contributor to Forbes, writes about the benefits of relying on public transportation for your daily commute.
Bond Buyer | September 03, 2019
This roundup of municipal market news mentions Nixon Peabody for serving as bond counsel to the New York Metropolitan Transportation Authority in its sale of $1 billion of Series 2019D-1 transportation revenue bond anticipation notes.
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.
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