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

CD & Manual
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 93 Min. Audio MP3 - No shipping cost
   389141POD $89.00 USD Add to Cart
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What is a Podcast?

Benefits

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 tax exempt issues and potential stumbling blocks.
  • You will be able to identify how to find investors for your project.
  • 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.

Agenda

Historic Rehabilitation Tax Credits: Using Tax Incentives to Develop and Invest in Historic Properties
Laying the Foundation: The Basic Tax and Regulatory Rules Governing Historic Rehabilitation Tax Credits
  • A Record of Successful Development: Why Historic Tax Credits Work
  • The Two Types of Historic Rehabilitation Tax Credits: The 10% Credit and the 20% Credit
  • The National Park Service Rules vs. the IRS Rules
  • Exploring the National Park Service Rules: the Historic Preservation Certification Application
  • Exploring the IRS Rules
  • Qualified Rehabilitation Expenditures
  • Calculating the Allowable Tax Credit
  • When and How Can the Tax Credit Be Taken
  • Tax Exempt Issues: Potential Stumbling Blocks
  • Recapture of the Tax Credit
Structuring the Tax Credit
  • Single Entity Structures
  • Lease Pass-Through Structures
Monetizing Historic Rehabilitation Tax Credits
  • Should a Developer Try and Monetize/Syndicate the Tax Credits
  • How to Find Investors for Your Project
  • Maximizing Value
  • Getting (And Selecting) the Best Offer
Investing in Historic Tax Credit Projects: Exploring the Benefits
Getting It Built: Layering Other Tax Incentives Into a Project
  • State Historic Rehabilitation Tax Credits
  • New Markets Tax Credits
  • Low Income Tax Credits
  • Recent Developments in Historic Tax Credits

Faculty

Daniel J. Kolodner, Nixon Peabody LLP


Daniel J. Kolodner
  • Attorney in Nixon Peabody LLP’s Boston, MA office
  • Concentrates his practice on community development finance, specifically the use of tax incentives as means for financing community revitalization projects, with a focus on Historic Tax Credits and New Markets Tax Credits
  • Represents major institutional investors, developers, nonprofit organizations, and community development entities in transactions that utilize a combination of tax incentives and other financing sources
  • Extensive experience in structuring transactions involving the use of Historic Tax Credits, New Markets Tax Credits, and Low Income Housing Tax Credits, as well as associated state tax credits
  • Recently represented Boston Properties, Inc.(one of the largest owners and developers of Class A office properties in the United States) regarding the rehabilitation of a building in downtown Boston utilizing historic tax credits, also recently represented Kimpton Hotel & Restaurant Group, LLC in the historic rehabilitation of a building in Philadelphia into a boutique hotel
  • Frequently speaks at national and local conferences on the topic of Historic Tax Credits and New Market Tax Credits, as well as other federal, state and local tax incentives
  • Recent guest lecturer on historic tax credits and new markets tax credits at the MIT Center for Real Estate in Cambridge, MA
  • Can be contacted at dkolodner@nixonpeabody.com or 617-345-1053




These Materials are Designed For

This live audio conference is designed for presidents, vice presidents, developers, real estate professionals, property managers, engineers, architects, government officials, planners, accountants and attorneys.

CD & Manual - CD Set with bound 30 page manual
Podcast - 93 Minute MP3 with 30 page electronic manual - Immediate Access and No Shipping Cost