Giving Back: An Update

As anyone who has undertaken the historic tax credit (HTC) certification process can attest, getting a property listed on the National Register of Historic Places can be a difficult hurdle to clear. Designation on the National Register is the gateway for eligibility to use the HTC, which means that each potential tax credit project must first nominate a building, or certify its listed status. The designation process can be time consuming, costly and uncertain, leading even seasoned developers to shy away from rehabilitating unlisted buildings. Developers can mitigate uncertainty by working with a project team experienced in preparing nominations. But what resources are available for older buildings that are ideal rehabilitation candidates, but lack the professional support or funding to complete a National Register nomination?