Key Takeaways
- Advanced renovations utilize construction loans, tax credit equity, NMTC, and Opportunity Zone incentives.
- Capital stack structuring matches funding source timing and cost to project phase and need.
- Stacking multiple incentive programs can reduce effective project cost by 40-60%.
- Specialized legal and accounting counsel ($15K-$40K) is essential for complex incentive program compliance.
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Test Your Knowledge
1.What percentage reduction in effective project cost can stacking multiple incentive programs achieve?
2.At what rate do historic tax credit syndicators typically purchase tax credits?
3.What is the typical cost for specialized legal and accounting counsel on complex incentive programs?