Dec 26, 2019
“Why pay someone to do what I can do myself?” It’s a question many developers and investors ask when considering a New Market Tax Credit (NMTC) consultant for their next project. However, much like you would hire an attorney to handle your legal work, hiring a consultant will give…
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Jun 28, 2019
Everyone deserves a warm and safe place to sleep at night. Although luxury apartments and high rises are the projects making headlines, there is a tremendous demand for housing in distressed neighborhoods nationwide. The government has responded with a group of tax credit programs that incentivize real estate developers…
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Mar 29, 2019
The Missouri Department of Economic Development has filed emergency rules to address new requirements outlined in SB590. The new rules will bring sweeping changes to the credit application and procurement process. Any real estate developer in Missouri looking at historic tax credits for their next project should familiarize themselves…
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Feb 4, 2019
The New Market Tax Credit is designed to lift up areas that need it most. These are the worn-out, run-down neighborhoods that often make up urban cores. Fortunately, the tax credit is flexible enough to support a variety of real estate projects and jumpstart economic development. For many communities,…
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Dec 27, 2018
In 2017, Congress passed the Tax Cut and Jobs Act, which included a series of incentives designed to promote new real estate development in some of the country’s most distressed areas. These areas are called “Opportunity Zones” and could present a significant revenue opportunity for the right real estate…
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Jul 30, 2018
Big ideas often require bigger budgets. For every project you take on, there are architects, engineers and contractors to pay–all cutting into your bottom line. Although many developers look to offset their development costs with tax credits, we see far too many that waste time and money in the…
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