Doug Banghart represents major institutional investors, developers, local governments, community development entities (CDEs), and nonprofit organizations, primarily in real estate redevelopment projects using historic rehabilitation tax credits (HTCs) and new markets tax credits (NMTCs).
He has extensive experience in closing new markets tax credit leverage fund transactions, including acting as lead attorney on the largest single qualified equity investment ever closed, and twinned historic and new markets tax credit transactions. Doug also has represented taxpayers in tax controversy matters involving tax credits, developers purchasing and selling tax credit properties during their compliance periods, and conventional lenders financing tax credit projects.
He has represented the investors, CDEs, borrowers, and developers in hundreds of tax credit transactions including a significant number of state and federal combined historic and new markets tax credit transactions.
More recently Doug has been involved in advising investors, fund managers, project owners, and others regarding the use of the Opportunity Zone program including with respect to projects that combine Opportunity Zone benefits with tax credits.
Doug speaks frequently on issues related to partnership taxation and the legal and tax implications of various incentive programs. He is a member of the Massachusetts Bar Association and the Virginia Bar Association.
Experience
Speaking Engagements
- March 26, 2014
American Bar Association - Real Property, Trust and Estate Webinar: IRS Issues Historic Tax Credit Safe Harbor Guidance - April 6, 2011
The Tax Exempt Use Property Rules: 50 Ways to Lose Your HTCs, panelist, Novogradac Company LLP, Historic Tax Credit Conference - June 10, 2010
Government Funds and NMTCs, panelist, Novogradac & Company New Markets Tax Credit Conference - November 10, 2009
Finding Multifamily Housing and Commercial Real Estate Financing Opportunities, panelist, New Approaches to Using New markets Tax Credits and Historic Credits to Bridge the Gap, Finding Multifamily Housing Financing Opportunities During (and After) the Credit Crunch - October 22, 2009
Leveraged Loans and Uncle Sam, panelist, New Markets Tax Credit Investors Conference - September 21, 2009
Finding Multifamily Housing Financing Opportunities During (and After) the Credit Crunch - New Approaches to Using New Markets Tax Credits and Historic Credits to Bridge the Gap - June 11, 2009
8th Annual New Markets Tax Credit Conference, Exit Strategies: Steps to a Successful Conclusion - January 29, 2009
Community Impact - What It Looks Like and How It Can Be Measured, panelist, 2009 New Markets Tax Credit Investors Conference, - October 23, 2008
New Markets Tax Credit Investors Conference - October 23, 2008
Uncovering Funds, Novogradac Company LLP, panelist, New Markets Tax Credit Conference - January 24, 2008
Novogradac Company LLP, panelist, New Markets Tax Credit Conference - June 7, 2006
Fifth Annual New Markets Tax Credit Spring Conference, panelist, Novogradac Company LLP - May 24, 2006
American Bar Association's 15th Annual Conference and Annual Meeting on Affordable Housing and Community Development Law, panelist - January 25, 2006
Novogradac Company LLP, panelist, New Markets Tax Credit Conference
- University of Florida (LL.M. in Taxation 2007); Washington and Lee University (J.D. 2000); The College of Wooster (B.A. magna cum laude 1997; Raymond R. Day Prize in Urban Studies; Pew Research Fellowship)
- Massachusetts and Virginia
- The Legal 500 US — recognized as a leading lawyer in real estate (2014)