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Real Estate Development Tax Credits: Using Tax Incentives to Develop Challenging Projects

Learn how to monetize common tax credit incentive programs for real estate development, and get updates on recent legislative/judicial developments.

This topic seeks to give an overview of the most common tax credit incentive programs for real estate development, including The Federal Historic Rehabilitation Tax Credit, New Markets Tax Credits (NMTC), Low Income Housing Tax Credits.

This topic will start with the basic tax and regulatory framework for these tax incentives. We will also explore the basic deal structures being used today, as well as discuss potential stumbling blocks, including recapture risks. The content will explore how to monetize the tax credits, and will conclude with a brief discussion of other tax incentives that can be used in conjunction with these incentives as well as information on recent legislative/judicial developments.

At the conclusion, you will have an understanding of the tax/regulatory rules and structures being used in conjunction with these tax incentives, strategies for combining these tax incentives to maximize potential benefits, as well as information of how best to use these tax incentives for both large and small projects.


Runtime: 93 minutes
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Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

The Basic Tax and Regulatory Rules Governing Historic Rehabilitation Tax Credits, New Markets Tax Credits and Low Income Housing Tax Credits

Historic Rehabilitation Tax Credits

  • The Two Types of Historic Rehabilitation Tax Credits: The 10% 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
  • Recapture of the Tax Credit
  • Single Entity Structures
  • Lease Pass-Through Structures
  • Explanation of Recent 50D Guidance From the IRS

New Markets Tax Credits

  • An Introduction to the New Markets Tax Credit Program
  • Can My Organization or Project Use NMTCs?
  • Understanding NMTC Transactions Structures

Low Income Housing Tax Credits

  • An Introduction to Low Income Housing Tax Credits (LIHTC)
  • 4% LIHTC vs. 9% LIHTC
  • Computing Eligible/Qualified Basis
  • Getting an Allocation of LIHTC
  • Ongoing Compliance Requirements

Other Federal and State Incentives

  • Investment Tax Credits (Solar Tax Incentives)
  • State HTC/NMTC/LIHTC Tax Credits
  • Brownfields Tax Credits
  • Community Based Tax Credits
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Why Lorman?

Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This program format does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

This program format does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Daniel J. Kolodner

Daniel J. Kolodner

Klein Hornig LLP

  • Partner in Klein Hornig LLP’s Boston, Massachusetts 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 new markets tax credits and historic tax credits
  • Extensive experience in structuring transactions involving the use of new markets tax credits, historic tax credits and low income housing tax credits, as well as associated state tax credits
  • Practice focuses on assisting developers and tax-exempt entities, such as health centers, charter schools and theatres, in taking advantage of new markets tax credits and historic tax credits
  • 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 new markets tax credits and historic tax credits at the MIT Center for Real Estate in Cambridge, Massachusetts
  • Can be contacted at 617-224-0617 or [email protected]
Nicholas J. Ratti

Nicholas J. Ratti

CohnReznick LLP

  • Principal in CohnReznick LLP’s (formerly Reznick Group PC) Real Estate Consulting Practice in Boston, Massachusetts
  • More than 10 years of experience in the tax credit industry
  • Currently responsible for developing and evaluating transaction structures, providing tax compliance advice, evaluating tax credit recapture or tax-loss reallocation issues, strategizing post compliance period exits and providing syndication advisory services
  • Extensive experience structuring a wide range of low-income housing, historic and new market tax credit transactions for his developer and investor clients
  • Prior to joining CohnReznick LLP, he held positions as an accountant for Fidelity Investments and as a senior accountant for Ziner Kennedy and Lehan, both based in Boston
  • B.S. degree in accounting and finance, Providence College
  • Can be contacted at 617-648-1405 or [email protected]
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Product ID: 399623
Published 2016
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