Historic Tax Credits Bring Needed Equity Financing to Urban Revitalization

Volume 26 No. 05

By

David F. Schon is a partner and Megan K. Palmer an associate in the Washington, D.C., office of Nixon Peabody LLP.

Trends toward sustainable development and a return to urban centers large and small make rehabilitation of existing buildings a more important part of real estate development than ever, yet governments continue to subsidize sprawl, and key to this development is the federal Historic Rehabilitation Tax Credit.

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