Historic Wrigley Building in Chicago
Whitepaper

Historic Tax Credits: comparison for building rehabilitation

Are you considering a significant rehabilitation of an existing building?

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:

  • General project characteristics
  • Capital stack
  • Developer fee
  • Pro forma projections
  • Ownership structure
  • Construction
  • Compliance
  • Cash flow
  • Exit strategy
  • Design
  • Timeline
  • Property management

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.

Hospital hallway
Next up

Health Care Utilization and Payer Cost Analysis of Robotic Arm Assisted Total Knee Arthroplasty at 30, 60, and 90 Days