To date, since the federal and state programs began, historic rehabilitation tax credits
have leveraged nearly $5 billion in investment in historic properties in Louisiana alone," said Kristin Sanders, Assistant Secretary for the Office Cultural Development.
"The Holley Gardens project is another great example of how historic rehabilitation tax credits
are bringing new life to underutilized buildings in Upstate New York," Rose Harvey, commissioner of parks, recreation and historic preservation, said in a news release.
Oklahoma to cut historic rehabilitation tax credits
in the State).
In substance, the court concluded, the transaction with the tax equity investor had been a sale of historic rehabilitation tax credits
. (238) The court held that "after looking at the substance" of the transaction, because the tax equity investor "lacked a meaningful stake in the success or failure of HBH, it was not a bona fide partner." (239)
All of the projects were made financially feasible by Federal or State Historic Rehabilitation Tax Credits
. Projects are judged for overall design and quality, interpretation and respect of historic elements, innovative approach to construction and use of building materials, community impact, ' sustainability and financial and market success.
Thus, it would not apply to facts similar to those in another recent partnership case denying historic rehabilitation tax credits
, Virginia Historic Tax Credit Fund 2001, LP, 639 F.3d 129 (4th Cir.
After beginning renovation, the NJSEA learned of the market for historic rehabilitation tax credits
(HRTCs) among corporate investors and of the additional revenue that market could bring to the state through a syndicated partnership with one or more investors.
Cabral said the combination of expanded historic rehabilitation tax credits
, incentives to address higher-cost brownfield redevelopment, and business tax breaks for projects that lease redeveloped commercial space and provide new jobs will spur a new era of redevelopment in cities such as Worcester, Fitchburg, Brockton and Holyoke.
7 Public-Private Partnerships are Working:Efforts and incentives including but not limited to historic rehabilitation tax credits
, Neighborhood Enterprise Zone tax abatements, various Detroit Downtown Development Authority programs, and the Detroit Renaissance Lower Woodward Housing Fund) are together attracting investors to greater downtown Detroit.
Is the property eligible for historic rehabilitation tax credits
or other tax credits?
In order to find out whether state historic rehabilitation tax credits
are offered in your area, visit (www.nthp.