Potential Gold: Creating Historic Tax Credit Deals from Overlooked Buildings

By Caitlin Jones
November 28, 2011 1 min read

Tax Credit Advisor, November 2011: Is that old building on the corner a candidate for renovation using federal historic tax credits? Perhaps. In an interview, Washington, D.C. historic preservation consultant William MacRostie, principal of MacRostie Historic Advisors LLC, outlines the program’s rules and identifies some types of overlooked buildings that might be tax credit deals in waiting.

How old must a building be to qualify for approval by the National Park Service as a certified historic structure and for federal historic tax credits?

Generally 50 years, and either individually listed on the National Register of Historic Places or located in an historic district. An historic district wraps in buildings of a period in history and type. In general, historic districts are either residential districts or commercial districts. A district on the National Register of Historic Districts has a so-called period of significance, the time period that draws in all of the certified historic structures within the boundaries of that district that contribute to that district. Read More…

Leveraging NMTC and GGRF

A Synergistic Approach to Community Development

Jennifer Kirkley & Regan St. Pierre • September 13, 2024 6 min read

Increasingly, climate solutions are central to preserving and creating wealth and well-being in communities across the country.

What Can Be Done About Insurance?

NH&RA Panelists Explore Ways to Rein in High Insurance Costs for Affordable Housing

Pamela Martineau • September 1, 2024 6 min read

Meet with your underwriter in person, provide as much data as possible on relevant inspections and offer photos of improvements you’ve made to affordable housing properties. These were just a few of the tips offered at the National Housing & Rehabilitation Association’s Summer Institute Panel: “What Can Be Done About Insurance?”

Rainbow Housing: Transforming Resident Services from Within

Abram Mamet • September 1, 2024 9 min read

For most organizations, radical shifts in market strategy and company makeup generally come after crises. For Rainbow Housing Assistance Corporation (Rainbow), that radical shift came not as a result of significant challenges, but as a way to leverage successful internal practices to better serve the affordable housing industry.