Our expertise in securing federal, state, and local tax credits and abatements brings substantial new sources to your traditional capital stack. Many of our privately-developed projects obtain greater than 90% of their funding from a patchwork of public sources--municipal, state, and federal. A sample of tax credit projects have utilized Low-Income Housing Tax Credits (LIHTC), New Markets Tax Credits (NMTC), Opportunity Zone Tax Credits, and low or no-interest Brownfields revolving loan funds.
We are actively engaged in the acquisition and adaptive reuse of abandoned or otherwise underutilized historic mill, factory, office, hotel, warehouse, and apartment buildings. We are particularly interested in historic buildings with structural deficiencies or environmental hazards requiring remediation, abatement, and restoration. Ideal properties are located in or adjacent to urban areas and sized from fifty thousand to one million square feet.
We have obtained federal and state historic rehabilitation tax credits on dozens of properties across the country. We take a proactive approach in working with the National Parks Service and state historic preservation offices to head-off potential issues before they arise, saving projects months of valuable time and expense.
We manage relationships with municipalities during all stages of project development, from site selection to certificate of occupancy straight through into the operational period.
We start early in the pre-development process, developing relationships to ensure timely receipt of planning, zoning, and other entitlements. We obtain and manage local project counsel where necessary.
We utilize our extensive professional experience as developers of large, complex, challenging real estate projects to advocate for beneficial changes to laws and policies affecting the availability of affordable housing and the preservation historic buildings.