Historic Tax Credit Consulting

What can HTCs do for you?

Close the gap. When the budget is tight, historic tax credits can make the project financially feasible, allowing it to move forward.

Reduce the risk. Adding historic tax credits to the capital stack lessens the need for personal equity and the overall loan amount. Instead of having to leverage personal equity to make the project doable in the eyes of the bank, that equity can be split by bringing in the historic tax credits. Other investors now have good reason to enter the project and support it because of the benefit of the tax credits that they receive. 

Pair well. Historic tax credits are compatible with most other incentives. This means your project can receive HTCs without jeopardizing the ability to receive other incentives like tax increment financing and facade improvement programs. 

Versatile. You can claim the credit for yourself to reduce tax liability, or bring on a partner who can use them instead.

There are two types of historic tax credits, state and federal, and both are a credit on income tax. Many states have a tax credit ranging anywhere from 15-25%, and the federal tax credit is 20%. Put them together, and you’re looking at a large percentage of project costs being eligible for HTCs. Read HTCs Explained to learn even more!

We’ll help you pair your project goals with the Secretary of the Interior’s Standards for Rehabilitation, resulting in a historically sensitive approach to your dynamic new use for the building.

To be eligible, a property must be: 

  • Within a National Register Historic District 

  • Individually listed on the National Register of Historic Places

  • or, a district certified by the National Park Service for the purposes of the federal tax credit program. 

We’ve successfully helped complete nominations and secure designation on the National Register of Historic Places for districts and individual properties. This research helps bring forward a community’s rich history and can provide the eligibility for this gap-filling tool for a project.

Making sure your project is financially viable is the first step.

If you own a historic building and are curious how much historic tax credits are possibly available for your historic renovation, use our Historic Tax Credit Calculator. All you need is the building’s square footage, a rough idea of local construction costs and the state in which the building resides.