Historic preservation and neighborhood revitalization projects can have an incredibly powerful effect that extends well beyond the confines of a particular site.
Yet as we discussed in part one of our Adaptive Use Webinar Series, preservation projects can be difficult to achieve for a variety of reasons.
Often, these types of projects require complex financing structures to subsidize the extra costs of maintaining historic integrity or providing a use for the property that, due to the property’s location or intended purpose, cannot be supported by traditional methods of financing.
In this hour-long webinar, David Raderman, a partner at the law firm Gallagher Evelius & Jones LLP, will walk you through the following:
- Basic rules for a project to qualify to use the Federal New Markets Tax Credit
- Basic structures used with Federal New Markets Tax Credits
- Basic qualifications for a project to utilize Federal Historic Tax Credits
- Basic structures used with Federal Historic Tax Credits
For developers interested in projects that revitalize urban communities while preserving the essential character of historic buildings or meeting the needs of low-income communities, this webinar should not be missed.