To create affordable housing, many entities leverage available funds through the rehabilitation and adaptive reuse of historic buildings rather than new construction. These projects stack Historic Tax Credits (HTC) with Low-Income Housing Tax Credits (LHTC) to maximize development dollars.
Rosin Preservation can evaluate the historic eligibility of a project and secure National Register status. We have listed over 2,000 buildings on the National Register, including many built within the past 50 years.
Rosin Preservation guides clients from design concepts through ribbon cutting to ensure that projects meet the requirements to secure HTC. To date we have enabled over $3 billion of rehabilitation. By joining the project early, we can identify potential red flags and work collaboratively with the team to find solutions that avoid unanticipated costs, delays and redesign.
The federal HTC represents 20% of qualified project costs. In states with a companion incentive, the state HTC leverages an additional 20% to 40% of qualified costs. Rosin Preservation also can help clients identify investors who are attracted by these incentives to bring equity to a project.
