Federal Historic Tax Credits (HTCs) can fund up to 20 percent of the costs of a rehabilitation project and state HTCs can provide even more. The program can be extremely beneficial, but there are many upfront issues to consider.
We have compiled a high-level comparison of key aspects of renovating an existing building with and without HTCs, including the following areas:
We hope you find this to be a useful tool in determining whether HTCs are a good fit for your next project.
For more information on this deal, or to learn how Baker Tilly’s Historic Tax Credit specialists can help, contact our team.