Utilizing Federal Historic Tax Credit Syndication for Rehabilitation

One of the fantastic subjects I learned more about at the National Preservation Trust Conference in St. Paul, MN last week was the process of fully utilizing the Federal 20% Historic Tax Credit Program and the process of syndicating (or selling) the tax credits that our rehabilitation project would qualify for to raise initial capital for our project.  The class was moderated by National Trust Community Investment Corporation Acquisitions Manager, Al Shehadi.  Al was joined by two additional panel members who are experts in their respective fields as well; Gordon Goldie, Partner in Plante Moran, PLLC in Michigan and attorney, Andrew Potts from Nixon Peabody, LLP in Washington D.C.

Following is some basic information about the NTCIC and the services they offer in syndicating federal historic tax credits.

About National Trust Community Investment Corporation

The National Trust Community Investment Corporation (NTCIC) makes equity investments in real estate projects that qualify for federal historic tax credits and when available, state historic and New Markets Tax Credits. NTCIC works with a wide variety of property owners including for-profit developers, nonprofit organizations and local governments. Its focus is on projects that have a strong economic revitalization impact on the surrounding community.