CHAP Tax Credit in Baltimore

[Tyreese Brown]

Hello BP!

Is anyone familiar with the CHAP Tax Credit process in Baltimore, MD?  I just got my next project under contract today, and it's located in a Historic District.  I pretty much have read all the requirements and implementations of the credit, but does anyone have first hand experience in this?  I'm pretty much looking for insight on the following questions:

Did you use a consultant, or did you complete the process on your own?

From application to final acceptance, what was the approximate timeline?

How many inspections?

Did the requirements delay your schedule/timeline?

What are some components that one can miss?

Do you think it's worth the hassle?

Any first hand information on the process would definitely be appreciated.  Thanks all!

[Sara Frank]

Can be awesome especially in "hotter" Bmore neighborhoods (canton, fells point, fed hill) because those taxes are brutal. Ive seen a lot of developers buy a property, hold it for the 10 year period and then sell right when it expires.