Adaptive Reuse Topic - New Market Tax Credit

Adaptive Reuse Topic - New Market Tax Credit

YouTube Video - New Market Tax Credit (NMTC) Basic Overview

This video provides a basic outline of new market tax credits (NMTC). In the video, they cover the which agency of the federal government provides the tax credits and how they can be functionally applied.

Website - New Market Tax Credit Dallas
http://www.dallas-ecodev.org/incentives/new-markets-tax-credit/

This website reinforces some of the information that is discussed in the video and gives more specific information as it applies to the City of Dallas. On the map, they show which areas of town qualify as distressed and could potentially enroll in the program.. The Fort Worth Avenue area where I am considering relocating to is considered a distressed area of town and could potentially be eligible for this program. There is also a checklist that shows the specific criteria for consideration for City tax credits.

Case Study - Clearinghouse CDFI
http://www.frbsf.org/publications/community/review/122005/article5.pdf

This article provides a great case study of how the NMTC can actually be utilized. This firm has been successful in using these tax credits and they offer some advice in the case study of keeping the project simple, showing a track record of equity generation, and making sure the project is contributing to the local community.

Adaptive Reuse Topic - Historic Preservation Credits

Adaptive Reuse Topic - Historic Preservation Credits

YouTube video: Historic Preservation Tax Credits


I thought this was a good overview of Historic Tax Preservation Credits. It did not provide a lot of detail so I'll need to find that information elsewhere. They repeatedly gave the advice to use a consultant or expert, which I agreed with for beginners. The video mentioned state and local incentives, which I will explore further in the following article about the City of Dallas credits.

Article: Historic Preservation Tax Incentive Program - City of Dallas
http://dallascityhall.com/development_services/pdf/TaxIncentiveInformationPacket.pdf

This is the official document from the City of Dallas that discusses incentives for developers and owner who meet certain criteria to earn tax credits by improving historic buildings in the City of Dallas. It's important to note that this is totally different than the Federal Tax Credits listed above and these incentives apply only to City taxes. If one of was knowledgable in historic tax credits, it seems feasible that they could concurrently take advantage of several differnt programs that incentivize historic preservation.

Article: An Overview of Opportunities in the the Federal Historic Preservation Tax Credits Program
https://www.americanbar.org/newsletter/publications/law_trends_news_practice_area_e_newsletter_home/preservationtaxcred.html

This law blog publication goes over some of the finer points of the preservation tax credit rules. For example, it explains that the owner must be entitled for five years after claiming the tax credits. Also, it explains that all tax credits must be for properties that are income producing/