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Documentation, Documentation, Documentation

The importance of documentation in a historic
tax credit (HTC) development cannot be
overemphasized. There are actually three
distinct forms of documentation, all of which are
critical to a successful historic tax credit application.Read full article here.

Opportunities to use Federal Historic Tax Credits on Multi-Tenant Office Buildings

When undertaking a rehabilitation
development using historic tax credits
(HTCs), the functional use of the
building greatly influences the approach to proposed
interior finishes. Reusing historic structures as
office buildings requires foresight to understand
the needs of future tenants, who may have a specific
aesthetic in mind and to balance those needs with
the HTC program requirements. We will explore the
challenges related to rehabilitating a multi-tenant
office building using a case study of the recently
renovated Flatiron Building in Atlanta.Read full article here.

Back to Basics: The Ingredients of a HTC Application

Heading into the New Year is timely
opportunity to take a step back and revisit
the fundamentals of a good tax credit
application. The quality of that application is
important for three reasons: First, it demonstrates
to the reviewing agencies that you know the program
and what is important to them as they evaluate your
project. Second, a good application makes the review
easier, which is never a bad thing. And finally, it
shows that you know your property and you’ve done
your homework.Read full article here.

Rehabilitating the So-Called ‘White Elephant’–How to Make a Challenging Project Succeed

When you visit a city, you’re bound to see all types of buildings: commercial, residential institutional and ecclesiastical. These come in all ranges of styles and sizes, depending on your location. In more than 30 years of being in the historic real estate redevelopment industry, I’ve seen many types of buildings rehabilitated using historic tax credits (HTCs). Former office buildings, hotels and warehouses are generally good candidates for HTC rehabilitation and you can see completed projects throughout the country today. While some buildings are easier to work with, there is a diverse class of buildings that populate our cities and towns, often referred to as “white elephants” that are not so fortunate, and their future prospects for rehabilitation not nearly as promising. Read full article here.