Opportunities for Historic Tax Credits in Public Housing
Historic Tax Credits (HTCs) help finance the rehabilitation of historic public housing under HUD’s RAD (Rental Assistance Demonstration) program by providing equity for capital improvements. Housing authorities typically partner with taxable investors who can utilize the credits, helping preserve and modernize historic housing while reducing redevelopment costs.
With more than 40 years of experience, Heritage is a national leader in historic tax credit consulting. Heritage helps owners and developers secure state and federal Historic Tax Credits to provide equity for the rehabilitation of historic buildings.
Housing Authorities That Have Used HTCs
Housing authorities of all sizes can utilize Historic Tax Credits. Heritage has worked with housing authorities nationwide, from those in large, urban areas to authorities in smaller, rural communities.
Building Types
HTCs can support a wide range of public housing types, including urban towers, garden apartments, and ranch-style housing. Housing authorities have used HTCs to rehabilitate senior towers and family housing. Properties constructed through the 1970s are often strong candidates for National Register listing.
Identifying Opportunities
To utilize HTCs, properties must be listed in the National Register of Historic Places. Public housing tells an important story of the nation’s commitment to quality affordable housing. Heritage has listed many public housing properties in the National Register, enabling housing authorities to identify opportunities within their portfolios and access HTCs.
Considering Historic Tax Credits for your public housing portfolio? Contact Heritage Consulting Group to discuss your project: 215-248-1260 or info@heritage-consulting.com.
