Description

This solo episode focuses on the various financial tools available to finance the renovation of a historic building.  Specifically:

• Grants and bond bills,
• Tax Credits (HTC, NMTC, LIHTC) and
• Rebates or incentives (DSIRE & Inflation Reduction Act)

I'll cover a high-level view of various financing products and have included some great resources below if you're interested in learning more. You can also head over to our Instagram page (@tangibleremnants) for some graphics and charts on the various financing options.

If you're working on your own tangible remnant or know anyone else working on a historic building that is looking for additional ways to finance it, please send them this episode.

*Note: I am not a CPA nor do I play one on this podcast so please make sure you do your due diligence, talk to your attorney/CPA to find out what is viable for your individual project and jurisdiction. 

Links:

Government sites to funding programs:

• HTC: https://www.nps.gov/subjects/taxincentives/index.htm
• LIHTC: https://www.huduser.gov/portal/datasets/lihtc.html
• NMTC: https://www.cdfifund.gov/programs-training/programs/new-markets-tax-credit
• DSIRE: https://www.dsireusa.org/

Guides & Resources:

• Quinn Evans Historic Tax Credit guide: https://www.quinnevans.com/news/navigating-historic-tax-credits
• Novogradac Tax Credit Journal: https://www.novoco.com/resource-centers/affordable-housing-tax-credits/about-lihtc#:~:text=The%20LIHTC%20is%20designed%20to,acquisition%20cost%20of%20existing%20buildings.
• Community Development Entities (CDEs).
• New Ecology: https://www.newecology.org/media/
• IRA webinar (Lorax): https://loraxllc.com/planning-for-the-md-climate-solutions-now-act-copy/
• Lorax IRA blog: https://loraxllc.com/unlocking-building-sustainability-with-the-inflation-reduction-act-ira/

About the podcast:

• Tangible Remnants on Instagram
• Tangible Remnants Website
• LinkedTr.ee for resources
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