If you’ve ever embarked on an adaptive use or historic preservation project, you know the positive impact these endeavors have on the community. You likely also know the added complexities these projects bring — particularly when it comes to financing.
Watch the third webinar in our Adaptive Use Webinar Series, where Joel Cohn, a partner at the renowned accounting firm CohnReznick, will discuss the financial and accounting logistics needed in complex adaptive use projects with multiple tiers of funding sources. Specifically, you’ll learn:
- What costs qualify for the Federal Historic Tax Credit.
- Common deal terms for the monetization of tax credits, along with an indicative net benefit of this effort to the developer.
- Cash flow considerations of structuring a Federal Historic Tax Credit monetization, including an example of how a sample building’s operating cash flow is typically shared with the tax equity investor.
- State income tax credits that present additional opportunities and new challenges, and how each one can potentially affect a developer.