re-use of historic buildings
Podcast

BuzzHouse: Understanding Historic Tax Credit deals and COVID-19’s impact

Baker Tilly’s podcast series specifically for professionals in the multifamily housing industry

Multifamily housing leaders and hosts, Don Bernards and Garrick Gibson, bring in the director of Stonehenge Capital to discuss state and federal historic tax credit transactions. The episode brings us back to the basics by developing an understanding of the equity market space and who the key players are. They dive in deeper to discuss what underwriters are looking for in historic deals and the initial conversations you should have when approaching the rehabilitating and re-use of historic buildings. In addition, you’ll gain insight into how COVID-19 has impacted historic underwriting and deal structures.

Special guest

Steven LeBlanc, Director at Stonehenge Capital

Steven LeBlanc’s primary focus within Stonehenge’s Tax Credit Services business line is the origination, structuring and underwriting of both state and federal historic tax credit transactions. He previously worked with the community development line where he was responsible for the underwriting and origination of junior capital investments with an emphasis on both state and federal New Markets Tax Credit transactions.

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BuzzHouse: Increased multifamily property insurance rates are causing developers to become strategic