Real Estate Advisor Law Blog

Real Estate Advisor Law Blog

Tag Archives: historic tax credits

Mission Possible: Combining HUD Construction Financing with Historic Tax Credits

Posted in Construction Related Issues, Finance Issues, Tax Credit Issues
Combining HUD-insured multifamily construction financing (like Section 221(d)(4) loans) with historic tax credits (“HTC”) can seem like an impossible feat given their respective mazes of rules and requirements. Notwithstanding, each are valuable sources of capital for developing multifamily projects, and, if you can manage through those mazes, HUD financing and HTCs can be successfully combined.… 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
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