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Updated about 3 years ago on . Most recent reply
Historical Tax Credits
Hey everyone,
I have a prospective rehab project that is eligible for historical tax credits. Is anyone familiar with these? Or, does anyone know any experts? I would hate to throw an opportunity away just because I am not familiar with this. The property is in Connecticut and is 20 units with 4 retail spaces.
Thank you!!
- Ryan Deasy
- [email protected]
Most Popular Reply
Be careful with flipping historical designated properties. @Ryan Deasy
Usually in Connecticut any changes you are proposing need to be approved and reviewed by the historical board / committee in addition to the regular city inspectors.
In Bridgeport they are a few 80 year olds who meet every other month on Tuesday to review proposals to restore their sacred properties.
Unless you have unlimited holding time or those tax credits are high value I would stay away.