Breckenridge Consulting Services (BCS) works with a range of clients to provide New Markets Tax Credit (NMTC) and Historic Tax Credit solutions. BCS clients include real estate developers, nonprofit organizations expanding into new facilities, businesses seeking capital financing, and community development entities (CDEs).
BCS has closed over $750 million dollars in NMTC and Historic Tax Credit transactions and prepared successful NMTC applications on behalf of CDEs in six of the past seven application rounds.
Paul Breckenridge founded BCS in 2007 to help bridge the gap between the organizations that provide tax credit capital and the developers and service agencies that utilize that capital.
Prior to starting BCS, Paul served as the Western Region Director for Enterprise Community Investment's Structured Finance Department. At Enterprise, Paul managed over $160 million in NMTC and Low Income Housing Tax Credit investment throughout the western United States. Paul previously worked as a developer at the Low Income Housing Institute, a highly productive nonprofit affordable housing developer in Seattle. Paul is a Returned Peace Corps Volunteer, having served in Jamaica from 1997-1999. Paul holds a Master of Business Administration degree from the University of Washington, and a Bachelor of Science degree from Willamette University. Paul currently serves on the Board of Directors of Capitol Hill Housing, a leading affordable housing and community development organization in Seattle.
Karen Breckenridge joined BCS in 2011 with a focus on preparing NMTC applications for CDE clients and managing project closings on behalf of CDE and NMTC borrower clients.
Karen's experience includes eight years as a land use and environmental attorney at Hillis Clark Martin & Peterson in Seattle, where she counseled public entities and companies on a broad range of legal issues arising from their real estate development projects. Karen also served on the Council of the Historic Seattle Preservation and Development Authority from 2009 to 2014. Prior to her work as an attorney, Karen worked with several nonprofit organizations in Seattle, with a focus on homelessness, affordable housing, and education. Karen holds a JD from the University of Washington School of Law, and a Bachelor of Arts degree from