5 February 2019 / Historic Tax Credits

Podcast: OpportunityDB - Twinning Historic Tax Credits and Opportunity Zones

Podcast: OpportunityDB - Twinning Historic Tax Credits and Opportunity Zones

"...The place-based nature of the Opportunity Zones program makes it ideally suited to be paired with the Historic Tax Credit. The HTC is a 40+ year old tax policy that encourages private sector investment in the rehabilitation and re-use of historic buildings." - Jimmy Atkinson | OpportunityDB

Twinning Historic Tax Credits with Opportunity Zones, with Rich Rogers

Jimmy Atkinson interviews Rich Rogers of Common Owner to talk through the following points about combining Historic Tax Credits and Opportunity Zones:

A primer on the Historic Tax Credits program — what it is, how it came into existence, and how it differs from the Opportunity Zones program.
The number of HTC-eligible buildings in the United States (hint: it’s a lot!) — and an estimate of how many are located in opportunity zones.
Twinning Historic Tax Credits with Opportunity Zones, and how developers can stack the two programs when raising capital.
How the requirement of a taxpayer to reduce his basis in the HTC project equal to the amount of tax credits that are generated may be nullified by a market value basis step-up in year 10 of an opportunity zone fund sale or disposition.
How vitally important the Historic Tax Credits program is in certain secondary markets like Rich’s hometown of Buffalo.
The 506(c) Funding Portal that Rich is developing at Common Owner, and how it will be used to connect investors with developers.
The different types of offerings that Rich thinks OZ funds will make — Regulation A vs. CF vs. D 506(b) and D 506(c).
How the government shutdown is affecting the release of the final IRS regulations on Opportunity Zones, and which issues in particular Rich is anxious to see clarity on as it pertains to twinning the HTC with the Opportunity Zones incentive.

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Podcast: OpportunityDB - Twinning Historic Tax Credits and Opportunity Zones

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