FEDERAL HISTORIC TAX CREDIT (HTC)
The HTC is a credit that is based upon a percentage of the eligible or qualified rehabilitation expenses (QREs). There are two credits: a 20% credit for historic buildings, and a 10% credit for non-historic buildings. The 20% credit is available to income-producing properties listed on the National Register of Historic Places (NR) (i.e. historic), whose rehabilitation meets the Secretary of the Interiors Standards for Rehabilitation. The 10% credit is available for non-historic, non-residential, income producing buildings that were built before 1936. If a building is located in listed historic district, it does not qualify for the 10% credit. With over 32 years of experience working with this federal program, Delta’s professionals are qualified to prepare the 20% HTC application; nominate the property to the NR, in order to qualify for the federal credit; and negotiate issues with state and federal agencies.
In addition to working with developers and non-profit organizations, Delta offers specialized expertise in working with commercial and industrial buildings and especially the use or reuse of existing buildings as hotels.
For more information on Historic Resource and Tax Credit Services, please call or e-mail Bonnie Mark: (717) 441-1301 | bmark@deltaone.com
In addition to working with developers and non-profit organizations, Delta offers specialized expertise in working with commercial and industrial buildings and especially the use or reuse of existing buildings as hotels.
For more information on Historic Resource and Tax Credit Services, please call or e-mail Bonnie Mark: (717) 441-1301 | bmark@deltaone.com