- Look at every opportunity to finance projects by evaluating their eligibility for tax credit financing through the New Markets Tax Credit (NMTC) and Low-Income Housing Tax Credit (LIHTC) Programs, which are designed to support investment in communities and meet the housing needs of residents.
- Historically, state and local taxes on commercial real estate developments and their managers and investors have been fairly straightforward. The state and local tax environment for real estate developers has changed gradually yet dramatically in recent years. New taxes and enforcement efforts by state and local governments require a heightened awareness on the part of commercial real estate businesses.
- The magnitude of these requirements on HTC projects has many developers, tax advisors, attorneys, and CPAs rethinking their effect on historic rehabilitation projects currently in planning and development. Investors may insist safe harbors be adopted and followed in order for them to be satisfied they will be properly allocated HTCs.
- Today’s construction projects, very often with restrictive budgets and aggressive schedules are, by design, undertaken by collaborating professional organizations with competing priorities and objectives.
- Mega project conditions demand predictive risk mitigation programs to test project management effectiveness, safety program compliance, engineering specification compliance, and non-traditional construction methods from internal audit.
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