Historic tax credits are one of the most effective tools for redeveloping historic properties. The federal government and many state governments offer this financial incentive to property owners who rehabilitate historic buildings in exchange for preserving a building’s key historic elements. The 100-plus tax credit projects in the Rosin Preservation portfolio represent over $1 billion of construction activity and includes a broad spectrum of projects — commercial, institutional, industrial and residential buildings in big cities and in small towns. They range from the $100,000 rehabilitation of a one-story commercial storefront to the rehabilitation of the iconic Empire State Building.
April 22, 2015 In