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Updated over 7 years ago,
Tax Credits to Fund Rehab - NPS, NMTC, etc?
Does anyone have experience using the Historic Preservation Federal Tax Credit to rehab a historic building? I am looking into different funding models to rehab a 1927 two-story brick building in Detroit, and wondering how much of an impact this tax credit had on your bottom line, and if you used other tax credits as part of the 'stack' such as New Market Tax Credits?
If you are an investor who regularly uses tax credits (historic, or otherwise) are you selling your credits through credit brokers to generate cash? I would love to hear some case study examples....
Best,
marc