Real Estate Advisor Law Blog

Real Estate Advisor Law Blog

Category Archives: Tax Credit Issues

Subscribe to Tax Credit Issues RSS Feed

Hotel Financing Seminar

Posted in Finance Issues, Hospitality Industry Issues, Tax Credit Issues
Please join us for this informative webinar today.  If you can not participate you can access the webinar through our sponsor. The link is the title to the webinar.   Hotel Financing Structures and Options in the Hospitality Industry Upswing Leveraging CMBS Capital Market Financing, Preferred Equity, Tax Credit Funds and EB-5 Financing The hotel industry … Continue Reading

Re-Purposing for the Hospitality Industry

Posted in Development Issues, Hospitality Industry Issues, New Urbanism, Real Estate Tools, Tax Credit Issues
It seems that old is new again !  In cities throughout the U.S. buildings originally built for a specific purpose: banks, office buildings, schools and warehouses are being converted or "re-purposed" into other uses, but in particular into restaurants and hotels.  In Cincinnati alone there are three projects undergoing renovation for their new life as … Continue Reading

Rehabilitation Historic Tax Credit

Posted in Tax Credit Issues, Tax Issues
On December 30, 2013, the IRS issued Revenue Procedure 2014-12, setting forth a safe harbor for federal historic rehabilitation tax credit (HTC) transactions.  Investors have been skittish about HTC deals ever since the 2012 federal appellate court decision in the Historic Boardwalk Hall case, which disallowed the allocation of HTCs to an investor.  The IRS … Continue Reading

Top 10 Things You Should Know About Historic Tax Credits

Posted in Development Issues, Legislative Update, New Urbanism, Tax Credit Issues, Tax Issues
Earlier this fall, the National Park Service celebrated the 35th anniversary of the popular Federal Preservation Tax Incentives Program, which has helped in the preservation of historic structures across the U.S. and particularly in Ohio with its wealth of historic buildings. Because of the program’s numerous possible benefits and its important role in fueling economic … Continue Reading

Ohio Historic Tax Credit Program Renewed in Budget Bill

Posted in Tax Credit Issues
  Ohio’s legislature recently approved, and Governor Kasich signed, a fiscal year 2012-2013 budget that includes a renewal of the Ohio Historic Preservation Tax Credit Program(the “Program”) for coming years in perpetuity. The new budget provides for annual credits to eligible projects worth up to $60 million, which matches prior years’ funding allowances. Several modifications to the Program … Continue Reading

First-Time Homebuyer Temporary Federal Tax Credit Extended and Expanded

Posted in Closing/Settlement Issues, Conveyancing, Finance Issues, Tax Credit Issues
On November 6, 2009, President Obama signed the Worker, Homeownership and Business Assistance Act of 2009. The new law extends the first-time homebuyer temporary federal tax credit for qualifying home purchases to April 30, 2010 and expands the eligibility requirements for purchasers. Under the new law an eligible taxpayer must buy, or enter into a binding … Continue Reading

Ohio Creates New Markets Tax Credit and Revises Historic Tax Credit

Posted in Finance Issues, Legislative Update, Real Estate Tools, Tax Credit Issues
Ohio’s Budget Bill, signed by Governor Ted Strickland on July 17, contained provisions authorizing Ohio’s first state-run New Markets Tax Credit, as well as substantially revising the state’s Historic Preservation Tax Credit. Here is a breakdown of each: New Markets Tax Credit   Modeled after the federal New Markets Tax Credit, the state program allows up … Continue Reading

The Ohio Supreme Court Clarifies the Effect of Low-Income Housing Tax Credit Restrictions on the Tax Value of Real Property

Posted in Legislative Update, Tax Credit Issues, Tax Issues
 In Woda Ivy Glen Limited Partnership v. Fayette County Board of Revision (2009), 121 Ohio St.3d 175, the Supreme Court of Ohio considered whether restrictions on real property resulting from participation in the federal low-income housing tax credit program should be taken into account when appraising the property for real estate tax purposes.  The real … Continue Reading

Potential Effect of Climate Change Regulation on Real Estate Development

Posted in Air Quality Issues, Environmental Issues, Tax Credit Issues
Recent activity in Washington, D.C. suggests that the federal government is moving one step closer to regulating greenhouse gas emissions.  US EPA has determined that greenhouse gas emissions are pollutants that endanger the public’s health and welfare.  US EPA’s endangerment finding could lead to regulation of greenhouse gas emissions under the Clean Air Act.  Alternatively, … Continue Reading

Tax Credit for Home Buyers: Will They Come Back to the Market ?

Posted in Legislative Update, Tax Credit Issues
After much wrangling, the House and Senate came together in Conference Committee and each subsequently passed President Obama’s Stimulus Bill in record time. President Obama has now signed this historic legislation. The Stimulus Bill provides in part for a refundable tax credit for first time home buyers (who are defined as buyers who have not owned their … Continue Reading

Who Knew Being Green Could Be So Easy !

Posted in Development Issues, Environmental Issues, Leasing Issues, Tax Credit Issues
Recently at the January monthly Real Estate Roundtable breakfast sponsored by the University of Cincinnati, I was introduced to a fascinating new concept – the Roof Lease. Featured speaker Mike Phillips, President of Cincinnati based national real estate developer Phillips Edison Company, mentioned that Roof Leases are starting to spring up across the country. The basic concept is … Continue Reading
.