Combining New Markets Tax Credits with Historic Rehabilitation Tax Credits can provide additional monies to help close your funding gap. Many projects have successfully raised additional capital by “twinning” these two credits, even though these transactions tend to be complex. Historic Consultants can streamline structures such deals and has access to a broad range of tax credit investors for your project.
Benefits of twinning NMTC and HRTC
- Raise additional equity by twinning the credits.
- Tap more ways to leverage equity to the project.
- The “double-dipping” rule by the IRS does not apply.
Does your property qualify for money-saving tax credits?
Review this checklist and find out:
- Project must be in eligible low-income community. We can help with looking up your project’s location.
- Building must qualify for 10% or 20% historic tax credits.
- Gap in funding and NMTCs needed to make project succeed.
- Financing stays in place for 7 years.
- Brownfield buildings qualify.
Don’t miss any potential savings.
For more details on qualification, applicable tax rules and to initiate an application, contact Historic Consultants today.
