The Historic Rehabilitation Tax Credit (“HTC”) is an effective and cost-efficient financing tool for community revitalization. Since 1976, this innovative program remains a critical stimulant to real estate investment and preservation. Through the HTC program, project sponsors together with their investment partners repurpose historic structures, binging renewed life to theaters, factories, hotels, mill complexes, armories, and department stores.
Blank Rome’s attorneys have participated meaningfully in the HTC program from its inception, from structuring and closing the first transactions by layering multiple tax credits to speaking industry-wide regarding associated tax and real estate issues. Our HTC team has extensive experience in all aspects of HTC transactions, including preparing organizational, real estate, equity, and debt documents, and we communicate seamlessly with accountants and other professionals to implement the right structure to achieve the tax and business objectives of project sponsors, syndicators, investors, and investment funds.
Our HTC team:
Select Representative Engagements
Experienced Attorneys, Recognized in Their Fields
Members of Blank Rome’s HTC team are frequently invited to write and speak on tax and real estate issues at conferences such as the Novogradac Annual New Markets Tax Credit Conferences and CohnReznick’s Annual New Markets Tax Credit Summit and Conferences. Several attorneys serve as adjunct professors or lecturers at the Graduate Tax Program (LL.M.) of Georgetown University Law Center, George Washington University Law School, and the Real Estate Institute at Temple University. Further, members of Blank Rome’s tax credit team have published several books and articles on tax credits, including Tax Credits: Historic Boardwalk Guidance, Recommended Practices discussing recommended practices post issuance of Revenue Procedure 2014-12, 2014-3 I.R.B. 415 and “Joint Ventures Involving Tax-Exempt Organizations.”