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Andrew Potts’s practice centers on the use of federal and state historic tax credits (HTCs) and new markets tax credits (NMTCs) as means for financing community revitalization projects.

What do you focus on?

Government-assisted financing

Some of the most complex work I do involves combining HTCs and NMTCs with low-income housing tax credits (LIHTCs) and tax-exempt bond financing, as well as with other federal funding sources, such as HUD programs, FHA mortgage insurance and the National Park Service’s Save America’s Treasures program.

Wide range of clients and projects

My clients include for-profit and nonprofit developers and building owners as well as investors and syndicators. I have also represented units of state, local and federal government in exploring the opportunities and limitations of tax credit finance.

The projects on which I have worked represent virtually all sectors of real estate including both affordable and market rate housing, hospitality, theaters and cultural centers, higher education, social services uses, and office, retail and industrial.

Industry leadership

I’ve built my career playing an energetic role in public policy issues relating to historic preservation and affordable housing. I served as pro bono counsel to the National Trust for Historic Preservation and in that capacity was active in advising on the HTC aspects of the landmark 2008 housing bill enacted by Congress, for which I was awarded the National Trust’s John H. Chafee Trustees Award for Outstanding Achievement in Public Policy. I also was among those who worked with HUD to secure a new policy facilitating the use of FHA mortgage insurance on syndicated HTC projects, and I served as Vice President of the Historic Tax Credit Coalition.

Education and training are other aspects of my practice. I have served as the co-chair of the National Conference of State Historic Preservation Officers’ National Historic Tax Credit Conference. I have also lectured on HTCs and NMTCs for the NCSHA, the League of Historic American Theaters, NH&RA, the National Trust, the Federal Reserve Bank of New York, the Preservation360 Conference, the National Community Reinvestment Coalition, the National Main Street Center and others.

I currently serve on the Board of Directors and Executive Committee of Preservation Action, the Board of Directors of the Indiana State Society of Washington, D.C., and as a member of the Board of Historic Landmarks Foundation of Indiana.




Andrew S. Potts