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.
Washington Post | May 11, 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 18, 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 04, 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 | December 01, 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 28, 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 28, 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 17, 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 15, 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 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.
PBS | 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.
POLITICO New York | November 03, 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 13, 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 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.
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.
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.
Novogradac & Company | August 04, 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 02, 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 27, 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 10, 2017
Boston tax credit finance and syndication partner Forrest Milder authored this column about the Internal Revenue Service’s proposed audits regulations.
Law360 | June 30, 2017
The following coverage includes the arrival of New York City affordable housing partner Erica Buckley to Nixon Peabody.
Real Estate Weekly | June 30, 2017
The following coverage includes the arrival of New York City affordable housing partner Erica Buckley to Nixon Peabody.
The Deal | June 12, 2017
This coverage includes the arrival of New York City affordable housing partner Erica Buckley to Nixon Peabody.
Law360 | June 08, 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 08, 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 06, 2017
This article mentions New York affordable housing partner Erica Buckley’s arrival at Nixon Peabody.
Affordable Housing News | June 06, 2017
This article mentions New York affordable housing partner Erica Buckley’s arrival at Nixon Peabody.
Novogradac & Company | May 09, 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 28, 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 18, 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 06, 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 05, 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 18, 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 10, 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 04, 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 04, 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 22, 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.
Bisnow | September 12, 2016
New York City affordable housing partner Aaron Yowell is quoted in this article that looks at the increasing need for affordable housing in New York City and how it’s becoming harder to get this done—especially in light of the loss of the 421-a tax exemption program.
Journal of Tax Credits | July 07, 2016
Washington, DC, Affordable Housing partner Richard Price is quoted in this feature article that discusses results of a survey of investors and syndicators on the state of low-income housing tax credit (LIHTC) housing.
Indianapolis Business Journal | July 02, 2016
Washington, DC, Tax Credit Finance & Syndication partner Rick Goldstein is quoted in this article discussing the sale of client, CREA, and how industry supply and demand is driving interest.
Law360 | June 15, 2016
Washington, DC, affordable housing partner Harry Kelly is quoted in this feature story that looks at Texas’s housing agency to derail a suit accusing it of discrimination in allocating tax credits for affordable housing developments. The coverage notes that this is a test of the U.S. Supreme Court’s recognition of unintentional discrimination claims under the Fair Housing Act.
American Banker | June 09, 2016
Boston tax credit finance and syndication partner Tom Giblin provides commentary in this article discussing increasing interest among regional banks in expanding into syndication of low-income housing credits.
City & State | May 01, 2016
New York City office managing partner and affordable housing attorney Joe Lynch is featured in this article discussing the 421-a program, which incentivizes developers for building a multi-unit residential projects.
Bloomberg Pursuits | April 22, 2016
Washington, DC, Tax Credit Finance & Syndication partner David Schon is included in this story about how former industrial sites such as a tractor depot, a Pabst bottling works, and a former Ford automobile plant are turning into luxury hotels.
Bisnow (DC) | March 28, 2016
This feature story recaps the Affordable Housing Forum which focused on creating and improving affordable housing communities. Washington, DC, office managing partner Jeff Lesk, Affordable Housing partner Monica Sussman and Tax Credit Finance & Syndication partner David Schon are featured.
Journal of Tax Credits | February 01, 2016
Boston Tax Credit Finance & Syndication partner Forrest Milder contributed this article regarding the new Consolidated Appropriations Act and Protecting Americans from Tax Hikes Act and their effects on renewable energies industry.
Journal of Tax Credits | January 01, 2016
Boston Tax Credit Finance & Syndication partner Forrest Milder explains the potential ways the Bipartisan Budget Act of 2015 could impact the rules that apply to federal income tax audits of partnerships.
Washington Post | December 21, 2015
This article discusses the recent tax bill cleared by Congress, which makes the Low-Income Housing Tax Credit more generous and easier to finance the construction of affordable rental housing. Washington, DC, Tax Credit Finance & Syndication partner Rick Goldstein, one of the leading advocates, is quoted in the piece. The article notes that Nixon Peabody “has one of the nation’s leading legal practices that specializes in tax credits and real estate development.”
Real Estate Bisnow | December 04, 2015
This feature story discusses Washington, DC’s efforts to improve the state of the city’s affordable housing. The topic was the main focus at Bisnow’s Multifamily Annual Conference. Washington, DC, office managing partner Jeff Lesk and Affordable Housing practice group leader Steve Wallace are featured within the story.
Crain's Detroit Business | November 14, 2015
Partner and co-leader of the firm’s Historic Rehabilitation Tax Credit team David Schon provides commentary throughout this feature article on how tax credit programs are driving the preservation of historic buildings.
Journal of Tax Credits | October 01, 2015
This feature story highlights the New England Center for Homeless Veterans’ (NECHV) efforts to rehabilitate an existing apartment community serving formerly homeless and at-risk veterans in Boston. Affordable Housing partner Jeff Sacks is quoted in the piece and noted as development counsel and key player in structuring the financing.
Bisnow | August 21, 2015
The firm’s new Washington, DC, office is featured in this coverage. Office managing partner Jeff Lesk is quoted and pictured throughout the piece, as is the space itself.
Novogradac Journal of Tax Credits | August 01, 2015
Boston Tax Credit Finance & Syndication partner Forrest Milder authored this column discussing Internal Revenue Code (IRC) Section 48, which provides an investment tax credit (ITC) for many kinds of energy property.
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