Services
Historic Tax Credits
The preservation and rehabilitation of historic buildings is a creative and economically beneficial enterprise for developers, investors, owners and communities. For more than three decades, Reznick Group has been at the forefront of making federal and state historic tax credits a matter of national policy and guiding our clients in ways to take advantage of the historic tax credits programs.
We understand the competing interests of all parties in historic rehabilitation projects and are experienced in structuring federal and state historic tax credit transactions in cities and towns throughout the nation. We have advised developers in complying with tax and historic requirements, enabling them to identify financing sources. We also provide services in support of owners, lenders, investors and syndicators.
Services
- Apply the most current and comprehensive strategies to accomplish bifurcations, sandwich leases and cash strips
- Assist in obtaining soft money from local governments, thus reducing your risk
- Develop transaction structures to maximize tax credits and equity proceeds
- Prepare financial analyses to estimate tax credits and assist in obtaining financing
- Provide market insight and consultation on tax credit trends
- Analyze and evaluate transactions to mitigate risk of tax credit recapture/reallocations and preserve transaction integrity before the IRS (e.g., partnership allocation rules, choosing among the 24-month aggregation period, phased rehabilitation option, progress expenditure election)
- Verify that transactions reflect current debt and equity market conditions to maximize proceeds from the sale of your federal and state historic tax credits