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Historic Rehabilitation and New Market Tax Credits in Residential and Commercial Real Estate Transactions



Content Partner:  Boston Bar Association
Price: $155.00*
Member Price:  $125.00
This program is no longer available.

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Description:

Tax credit equity investments are a critical part of the financing plan for real estate development projects in challenging markets.  This CLE will focus on two popular tax credits:  Federal New Market Tax Credits and Federal and State Historic Rehabilitation Tax Credits.

The federal New Markets Tax Credit (NMTC) Program encourages investment in operating businesses and real estate development projects located in low-income communities by allowing investors to receive a dollar-for-dollar reduction of their federal income tax liability in exchange for making equity investments in Community Development Entities who make loans to certain businesses located in these communities.  The CLE will explain the structure of a NMTC transaction, clarify the roles of the leverage lender, fund investor, CDEs, the qualified low income businesses and the sponsor, and review underwriting considerations in structuring NMTC transactions.

Both the federal and state Historic Rehabilitation Tax Credit programs encourage preservation and adaptive reuse of certified historic buildings by allowing a dollar-for-dollar reduction of federal and state income tax and state excise tax liability.  This CLE will explain federal and state Historic Rehabilitation Tax Credit programs, their similarities and differences, the structural requirements for a real estate transaction involving the use of such tax credits, and discuss the economic benefits that drive the use of these tax credits.

The program will conclude with a discussion concerning the preservation of the federal New Market Tax Credit program.

Specific Topics:

I. Historic Rehabilitation Tax Credit

  • Federal Historic Rehabilitation Tax Credit Overview
  • State Historic Rehabilitation Tax Credit Overview
  • Historic Determination
  • Structuring a HTC Transaction

II. Federal New Market Tax Credit

  • Overview  -- Understanding the Acronyms
  • Structuring a NMTC Transaction
  • CDE Perspective  -- Underwriting the Transaction and Structuring the Relationships


Practice Areas: Administrative Law & Regulation, Banking & Finance Law, Business Organizations & Contracts, Government Program Benefits, Real Estate Law, Residential Real Estate, Tax Law
Online Media Type: Video
Production Date: 03/29/2012 3:00 PM EDT
Level: Intermediate
Category: Standard
Duration: 3 Hours, 0 Minutes
Online Format: Live

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Purchase of this product provides online access for 180 days. If you are purchasing a live webcast, you will receive complimentary access to the on demand version for 180 days once it becomes available. Please note that the on demand and podcast versions may, or may not be accredited in your state.

If you intend to take a course for CLE credit, please make sure your state is listed in the "Accreditation" section to the upper right of the program description. Accreditation displayed is unique to the purchased program format (live conference, live webcast, on demand, podcast). Credit totals listed for live conferences are the maximum credits available. Credits issued will be based upon actual time in attendance.  Credit totals for other formats are for complete programs.  Partial credit is not available for any online or downloadable format. 

 

West LegalEdcenter will not provide accreditation for states not listed. 



This product is intended for individual use by the named purchaser. Group viewings for online programs may be arranged for five or more attorneys within the same organization prior to viewing by emailing sales@westlegaledcenter.com.







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Accreditation:
AK, AR, AZ, CA, CEU, CO, CPE-NASBA, HI, IN, ME, MO, MS, MT, ND, NJ, NV, NY, OK, OR, PA, VI, VT, WV
Alaska
Total Credits: 2.75
Specialty Credits: 
Status: Reciprocal Credit Available
Expiration: N/A
Training Type: Online

West LegalEdcenter provides accreditation as described here. You may be able to self apply for credits in states not listed.

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Speakers:
Jonathan S. Kolodner - Nixon Peabody LLP
Jerome Garciano - Edwards Wildman Palmer LLP
Adrea Daskalakis - Chief Investment Officer, Massachusetts Housing Investment Corporation
Albert Rex - Historic Consultant, MacRostie Historic Advisors
Eric H. Darling - Carlisle Tax Credit Advisors
Scot Butcher - Tax Credit Finance
Bret Hendrickson - Nolan Sheehan Patten LLP
Nicholas Victor Romanos - Edwards Wildman Palmer LLP
This product is designed to provide information in regard to the subject matter covered. It is sold with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional person should be sought.


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