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.
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.
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.
Affordable Housing Finance | June 25, 2015
As the Supreme Court winds down its current term, Washington, DC, Affordable Housing partner Harry Kelly discusses the much-awaited decision comes in the Texas Department of Housing and Community Affairs (TDHCA) v. Inclusive Communities Project (ICP) case involving low-income housing tax credits (LIHTCs).
Law360 | June 25, 2015
Washington, DC, Affordable Housing partner Harry Kelly provides commentary on the Supreme Court’s Texas Department of Housing and Community Affairs (TDHCA) v. Inclusive Communities Project (ICP) case decision involving low-income housing tax credits (LIHTCs).
Massachusetts Lawyers Weekly | June 21, 2015
Nixon Peabody’s efforts in a recapitalization project for the New England Center for Homeless Veterans are featured in this article. Boston Affordable Housing partner Jeff Sacks led this complex real estate transaction, which includes Historic Tax Credits as well as affordable housing components.
Real Estate Bisnow (DC) | June 18, 2015
Washington, DC, office managing partner and Tax Credit Finance & Syndication attorney Jeff Lesk moderated a panel on Washington's affordable housing program. Washington, DC, Affordable Housing partner Michael Reardon was a panelist.
Inside Counsel | May 12, 2015
New York City Tax Credit Finance & Syndication partner Katie Tenney is highlighted in this column on women partners achieving major legal accomplishments. Katie is investor counsel for a conversion of public housing to privately owned affordable housing under the U.S. Department of Housing Urban Development Rental Assistance Demonstration program.
Affordable Housing Finance | April 15, 2015
This coverage notes Nixon Peabody as counsel to Hunt Capital Partners, a developer involved in the largest Rental Assistance Demonstration (RAD) project in the nation. New York City Tax Credit Finance & Syndication partner Katie Tenney led the legal team. Click here for the firm’s press release on the deal.
Chicago Daily Law Bulletin | March 25, 2015
Chicago Madison Tax Credit Finance & Syndication partners Jeff Rambach and Andrew Tripp authored this column discussing the use of federal tax credits to finance solar energy facilities.
Journal of Tax Credits | February 01, 2015
Boston Tax Credit Finance & Syndication partner Forrest Milder authored this article discussing how the Section 48 of the Internal Revenue Code provisions for wind properties could impact other renewables.
Journal of Tax Credits | January 07, 2015
Boston Tax Credit Finance & Syndication partner Forrest Milder authored this article discussing ambiguity in the definition of Section 48 of the Internal Revenue Code.
Affordable Housing Finance | October 01, 2014
Washington, DC, Tax Credit Finance & Syndication partner Rick Goldstein is prominently featured among this year’s Affordable Housing Hall of Fame honorees.
Novogradac Journal of Tax Credits | June 01, 2014
Boston Tax Credit Finance & Syndication partner Forrest Milder authored this column discussing the IRS’ response to President Obama’s call for increased real estate investment trusts (REITs) in energy.
Law360 | April 11, 2014
Washington, DC, Tax Credit Finance & Syndication partner David Schon discusses the use of the historic rehabilitation tax credit in the hotel industry.
Tax Credit Finance & Syndication | 11.03.16
Tax Credit Finance & Syndication Alert | 07.26.16
03.30.17 | Boston, MA
03.22.17 | New York, NY
11.10.16 | Boston, MA
10.27.16 | New York, NY
08.10.16 | Washington, DC
06.15.17 | Washington, DC
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