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Historic Rehabilitation and Urban Revitalization
We have combined our expertise in taxation and real estate to help
developers, lenders and investors in the revitalization of historic
structures and urban redevelopment utilizing the Federal and state
historic rehabilitation tax credits and New Markets Tax Credits. We
assist clients in all types of applicable financing and programs,
including:
Federal and State Rehabilitation
Tax Credits for Historic Structures
New Markets Tax Credits
South Carolina Textile
Communities Revitalization Tax Credits
North Carolina Mill Rehabilitation Tax Credit
Conventional Acquisition, Bridge, Construction and Permanent Financing
We provide full-service in regard to all aspects of these transactions
from start to finish. The following is a short list of the types of
tasks we handle on a regular basis:
- Assist with applications
for historic rehabilitation credits
- Advise in regard to
statutory, regulatory and tax compliance matters
- Handle all real estate
acquisition and construction-related matters through out the life of
the project – from the drafting and negotiation of the purchase
contract to the closing of the permanent financing and all stages
in-between
- Negotiate and provide
partnership, loan and tax opinion letters - we have worked with a
range of investors and lenders throughout the nation
- Act as special or local
counsel – we routinely (i) help out-of-state developers, lenders and
investors with projects in our footprint and (ii) work
collaboratively with your existing general counsel handling certain
portions of transactions that require our special expertise or local
knowledge
We were involved in the drafting and implementation of the South Carolina Textiles Communities Revitalization Act and the North Carolina Mill Rehabilitation Tax Credit. Both bills created state tax credits for qualified amounts spent towards the rehabilitation of abandoned mills in the Carolinas.
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