The Federal Historic Rehabilitation Tax Credit (HTC) program allows building owners or third-party investors to receive a credit against Federal income taxes for the rehabilitation of qualifying historic properties. A 10% credit is available for buildings built before 1936 and a 20% credit is available for the substantial rehabilitation of commercial, industrial or residential buildings that are certified as historic. The HTC totals either 10% or 20% of the "qualified rehabilitation expenses" of the project and is claimed over a five-year compliance period.
Our HTC experience ranges from large multi-faceted mixed-use and commercial projects to smaller HTC transactions twinned with New Markets Tax Credits and/or other state and local financial incentives. RSA provides pre-development, structuring, and closing execution services for clients including: