Gregory N. Doran

/My focus

I primarily work with federal and state new markets tax credit (NMTC) programs. I worked in the IRS Office of Chief Counsel, where I helped develop the NMTC program and provided guidance on low-income housing tax credit issues to the IRS and the LIHTC industry.

Legislative

I’m in close contact with IRS and Treasury Department officials and an active participant in industry coalitions, promoting these programs on Capitol Hill and developing new guidance on program improvements. I also serve on the Executive Committee of the Partnership for Job Creation, a leading advocacy group for the NMTC industry.

Community Development

From the CDFI Fund’s Bond Guaranty Program, to social impact loans/investments, to federal and state NMTC and historic preservation projects, I represent a wide variety of investors, lenders (including CDEs and CDFIs), and project sponsors to bring new capital into underserved communities. The projects I work on include educational facilities, hospitals, and health clinics, large-scale mixed-use developments, affordable housing, community facilities, historic theaters, and manufacturing facilities.

Industry leadership

As a regular speaker at national tax credit and community development conferences, I’ve had the opportunity to get to know the business leaders in the tax credit industries, as well as help to educate and introduce newcomers to the benefits of these federal and state programs. Facilitating connections between industry participants has been a valuable tool in promoting our programs, getting important projects underway, and ultimately bringing more jobs and improved goods and services to our local communities.

/Looking ahead

The sustainability of today’s community development programs and the creation of successful programs in the future are dependent on greater public-private partnerships. I’m working with clients to introduce them to other programs and to explore ways to layer new subsidies in traditional tax credit transactions.

/Insights

• “Projections—Highlights of the Most Important Schedules and Debt Modifications” and “Structuring Your Deal: Where to Start?” CohnReznick's New Markets Tax Credit Virtual Summit, May 18, 2020