Historic Rehabilitation Tax Credits: Using Tax Incentives to Develop and Invest in Historic Properties

The federal Historic Rehabilitation Tax Credit (HTC) has grown into a key financing tool for economic development, historic preservation, and neighborhood revitalization. Combined in many areas with available state historic rehabilitation tax credits, HTCs have been used to rehabilitate historic city centers, theatres, warehouses and other historic buildings across the country.

This live audio conference will start with the basic tax and regulatory framework for HTCs. We will also explore the basic deal structures being used today, as well as discuss potential stumbling blocks, including recapture risks and tax exempt structuring issues. The program will explore how to monetize the tax credits from both the developer and the investor perspective, and will conclude with a brief discussion of other tax incentives that can be used in conjunction with HTCs as well as information on recent legislative/judicial developments regarding the use of HTCs.

At the conclusion of this live audio conference, you will have an understanding of the tax/regulatory rules and structures being used in conjunction with this tax incentive, strategies for monetizing the HTCs to bring needed capital into projects, as well as information of how best to use HTCs for both large and small projects.

Learning Objectives:

• You will be able to describe the basic terms and transaction structures for historic tax credit projects.
• You will be able to discuss the accounting framework for historic tax credit transactions.
• You will be able to explain investing in historic tax credit projects and exploring the benefits.
• You will be able to review the structure of the tax credit.