The New Markets Tax Credit is a valuable economic tool to assist in the development of undercapitalized neighborhoods. The evolution of transaction structures and documentation based on the governing statutes and regulations has been and will continue to be a challenging process. Powell Goldstein is well-equipped to help you navigate the most complex tax issues and financing structures that you will encounter in New Markets Tax Credit transactions.

Since the inception of the New Markets Tax Credit program, Powell Goldstein has been a national leader in this area of practice. Our experienced team includes a member of the New Markets Tax Credit Coalition, a founding member of the New Markets Tax Credit division of the National Housing and Rehabilitation Association and nationally recognized speakers on New Markets Tax Credits.

Representative Matters: 

• Represented New Markets Tax Credit allocates who have received in excess of 10% of the New Markets Tax Credits awarded to date
• Represented investors, community development entities (CDEs), and developers of New Markets Tax Credit projects
• Worked with Treasury to modify the initial set of final regulations and with trade associations for current or new regulations, ruling and CDFI documents 
• Advised numerous successful applicants for New Markets Tax Credit allocations
• Created innovative structures to harmonize New Markets Tax Credits with other tax credit and subsidy programs