Historic Preservation Development Council (HPDC) is a joint effort between NH&RA and the National Trust for Historic Preservation formed in 2001 to focus primarily on how the historic rehabilitation tax credit can be better utilized as a financing source to renovate older properties. HPDC brings together active participants in certified historic rehabilitation transactions including developers, investors, lenders, government officials, consultants, as well as legal and accounting professionals to discuss the most pressing legislative, regulatory, financial and transactional issues facing the industry and build consensus on solutions.
Since its formation, HPDC played a significant role in an array of legislative and regulatory efforts addressing certified historic rehabilitation. We have convened numerous meetings jointly with the National Trust for Histroric Preservation leading to the development of critical legislative and regulatory changes. We have provided critical insight from the development community by helping design SHPO training for the National Park Service. Additionally, a paper authored by HPDC led to the appointment of National Park System Advisory Board Committee on the Federal Historic Rehabilitation Tax Credit Program. HPDC members participated on and testified before this committee helping develop the NPSAB’s Recommendations for Improving Administration of the Certified Historic Rehabilitation Tax Credit Program. HPDC members most recently played a leadership role on the White Houses’ Preserve America Initiative, co-chairing the committee on Using Historic Properties as Economic Assets.
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By Allen Feliz, Tax Credit Asset Management, LLC
Tax Credit Advisor, March 2010: The vast majority of low-income housing tax credit properties perform well, and most are continuing to do so, despite the economic downturn. There are, however, pockets of deep distress.
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Date Published: 03/10/2010
Tags: Tax Credits, LIHTC
Tax Credit Advisor, March 2010:
Ohio Opens New Application Round for State Historic Tax Credits
The Ohio Department of Development is soliciting applications by March 31 for $24.2 million worth of state historic preservation tax credits in the program’s latest funding round. The program offers a state tax credit equal to 25% of qualified rehabilitation expenditures for an historic building, up to a project cap of $5 million.
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Date Published: 03/10/2010
Tags: Tax Credits, Historic Rehabilitation Tax Credit
Tax Credit Advisor, March 2010: The prospects for quick enactment of provisions to extend the low-income housing tax credit (LIHTC) exchange program and the new markets tax credit (NMTC) program brightened for a bit in February before becoming clouded.
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Date Published: 03/10/2010
Tags: Tax Credits, LIHTC, NMTC, Congress
Tax Credit Advisor, March 2010: From New York to California and points in between, sponsors are engaging in niche construction and rehabilitation of affordable housing, either by producing specialized units or using non-traditional funding sources. Much of this output is the result of the American Recovery and Reinvestment Act of 2009 (ARRA).
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Date Published: 03/10/2010
Tags: Tax Credits, LIHTC, NMTC, Affordable Housing, HUD
Tax Credit Advisor, March 2010: For Massachusetts builder Andrew Baker, getting to the finish line with his company’s first tax credit project as a developer has required hope, prayer - and federal credit exchange funds.
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Date Published: 03/10/2010
Tags: Tax Credits, LIHTC
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