Experience w/ Historic Certification/20% Rehab Credit

[Nick P.]

Does anyone have any experience in getting a structure certified as a historic structure?  I am about to be under contract on an apartment building that meets the requirements to become certified assuming I rehab it correctly.  I would be interested in learning from someone about there experience actually going through the process.  Once you are certified, I've read about the strictness that you may fall under and experiences with that. 

It looks like you can carry that tax credit forward indefinitely as well? 

Overall is the whole process worth the extra 10% over the non historic credit?