Jeff Gaulin has extensive experience in structuring transactions involving the historic rehabilitation tax credit, the new markets tax credit, and state tax credits. For more than 13 years he has represented major institutional investors, developers, community development entities (CDEs), and nonprofit organizations in projects that utilize a combination of various tax credits and other financing sources including mixed-use real estate developments, hotels, commercial real estate projects, and renewable energy facilities. He also has significant experience in corporate and partnership tax law.
Jeff's practice has recently evolved to include advising clients with the Opportunity Zone program. He has advised investors, developers, and fund sponsors with investment structures, technical issues, and the evolution of IRS and other regulatory guidance.
Prior to joining Jones Day, Jeff represented the investors, CDEs, borrowers, and developers in well over 100 tax credit transactions including a significant number of state and federal combined historic and new markets tax credit transactions.
Jeff speaks frequently on issues related to the new markets and historic tax credit programs as well as various other incentive programs and has contributed to industry publications on tax credit topics.
Experience
Capital One finances public library in East Las Vegas, Nevada
Jones Day represented Capital One Bank, N.A. in connection with the financing of a public library in East Las Vegas, Nevada.
Capital One provides financing for acquisition of forest in Washington state
Jones Day represented Capital One Bank, N.A. in connection with the financing of the acquisition of a forest in Washington state, and preservation and harvesting activities in relation thereto.
East West Bank provides financing for rehabilitation of historic building in Dallas, Texas
Jones Day represented East West Bank in connection with its financing of the rehabilitation of a historic building in Dallas, Texas.
Capital One finances construction of charter school in New Orleans, structured in part to generate new markets tax credits
Jones Day represented Capital One Bank, N.A., in connection with the financing of the construction of a charter school in New Orleans, Louisiana.
Capital One finances mental health care facility in Connecticut, in part by new markets tax credits
Jones Day represented Capital One, N.A. in connection with its financing of an administrative building for a mental health care facility in New Haven, Connecticut, structured in part by new markets tax credits.
East West Bancorp invests in rehabilitation of historic thread mill into commercial and residential complex in Stonington, Connecticut
Jones Day represented East West Bancorp, Inc., in connection with its investment in the rehabilitation of an historic thread mill into a commercial and residential complex in Stonington, Connecticut.
Capital One finances Tarrant Area Food Bank's construction of new administrative building in Fort Worth, Texas, generates new markets tax credits, and invests in two community development entities
Jones Day represented Capital One Bank, N.A., as investor and lender, in the financing of the Tarrant Area Food Bank's construction of a new 29,000-square-foot administrative building in Fort Worth, Texas, generating new markets tax credits.
East West Bancorp invests in rehabilitation of historic building in Portland, Oregon, undertaken by affiliates of Pacific Northwest College of Art
Jones Day represented East West Bancorp Inc. in connection with its investment in the rehabilitation of the historic building located at 511 NW Broadway, in Portland, Oregon, undertaken by affiliates of Pacific Northwest College of Art (PNCA).
Additional Publications
- March 1, 2008Allocated and Certificated Credits: What Matters When Combining State Tax Credits and NMTCs, Novogradac New Market Tax Credit Report
- January 24, 2008History in the Making - Commercial Investment Real Estate
- May 2007Financing Nursing Homes and Assisted Living Facilities with NMTCs Part II, coauthor, NMTC Monthly Report
- April 2007Financing Nursing Homes and Assisted Living Facilities with NMTCs Part I, coauthor, NMTC Monthly Report
Speaking Engagements
- May 2015"Case Study-State Transaction", 14th Annual New Markets Tax Credit Summit, Cohn Reznick
- October 17, 2012Novogradac & Company New Markets Tax Credit Conference - Life Cycle of an NMTC Transaction
- January 25-27, 2012Novogradac & Company New Markets Tax Credit Conference - Securing NMTC Financing
- September 21, 2009Finding 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, 20098th Annual New Markets Tax Credit Conference, Exit Strategies: Steps to a Successful Conclusion
- October 23, 2008Negotiating Terms - Finding Common Ground, panelist, New Markets Tax Credit Investors Conference
- October 2007NMTC Panel - Leveraged Lender Considerations - New Markets Tax Credit Investors Conference
- September 2007Historic Tax Credits Basics Panel Conference
- June 2007NMTCs and State Tax Credits
- October 2006NMTC Basics Panel Conference
- January 2006NMTC Basics Panel Conference
- Boston College (J.D. cum laude 2002; B.S. in Finance and Economics cum laude 1999)
- Massachusetts
The Best Lawyers in America — recognized as a leading lawyer in real estate (2018-2019)
The Legal 500 US — recognized as a leading lawyer in real estate (2014)
- Law Clerk to Justice Linda Dalianis, New Hampshire Supreme Court (2002-2003)