New Markets Tax Credit solutions

Breckenridge Consulting Services has closed over $1.1 billion in NMTC transactions, providing critical financing for over 70 community and economic development projects across the country.


BCS provides tax credit consulting services for project sponsors and Community Development Entities.


BCS has helped secure tax credit financing for over 70 projects throughout the country.

About BCS

History of success

Over 14 years of experience delivering results for exceptional clients across the country.

Comprehensive expertise

A holistic understanding of the NMTC program that benefits both CDE and QALICB clients.

Personalized service

Work directly with Paul or Karen Breckenridge.

Paul Breckenridge

Paul 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 nonprofit affordable housing developer in Seattle. Paul is a Returned Peace Corps Volunteer, having served in Jamaica from 1997 to 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

Karen joined BCS in 2011 with a focus on preparing NMTC applications for CDE clients and managing project closings on behalf of CDE and QALICB 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 currently serves on the Board of Directors of Downtown Emergency Service Center, one of Seattle’s leading nonprofit providers of housing and integrated services for individuals experiencing homelessness. 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 Stanford University.


Breckenridge Consulting Services
340 15th Avenue East, Suite 307
Seattle, WA 98112
Twitter @BreckNMTC
Paul Breckenridge
(206) 335-5502
Karen Breckenridge
(206) 334-5719