New Markets Tax Credits

Overview

Nixon Peabody has been involved with the new markets tax credit program since its inception in 2000, closing one of the first transactions ever under the program.

As one of the most active law firms in the sector, we bring deep tax, legal, and financial knowledge to clients of all sizes. Our clients range from small businesses seeking funding (QALICBs) to Community Development Entities (CDEs) to FORTUNE 100 corporations in connection with direct and secondary investments generating tax credits.

Our team creates a positive impact by helping to bring charter schools, grocery stores, hospitals, and other landmarks and services to communities across the country.

Representative experience

• New family housing and domestic violence shelter, Missoula, Montana Represented the tax credit investor in the NMTC financing for the YWCA-operated shelter 
• New medical center in Nashville, Tennessee Represented the CDE in connection with the NMTC financing
• L.A. Lee YMCA Mizell Community Center project, Florida Represented the investor and source loan provider in connection with the NMTC financing 
• New grocery delivery fulfillment center in Georgia Represented the CDE in connection with the NMTC financing 
• Expansion of office space for a minority-owned tech company, Eatonville, Florida Represented the CDE lender in connection with the NMTC financing 
• Charter school, Los Angeles, CA Represented the lender in connection with financing for the school in the Silverlake neighborhood of Los Angeles

Recognition

• Nixon Peabody has been named a Tier 1 National firm for Tax Law in the 2025 edition of Best Law Firms®.