Services

Historic Tax Credits & Economic Incentives

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How We Help

  • Determination of Historic Tax Credit Eligibility and Historic Incentives

  • Obtaining and Maximizing Federal and State Rehabilitation Historic Tax Credits

    • 20% Federal Income Tax Credit Applications

    • Nationwide State Historic Tax Credit Applications

  • Due Diligence Evaluations

    • Reports for eligibility before you buy a historic property

    • Redevelopment feasibility analyses

  • Tax Abatement and Property Tax Reduction Programs

  • Historic Preservation Project Management

    • Coordination of design and construction professionals

    • Liaison to Local, State, and Federal preservation agencies and funding providers.

  • Historic Real Estate Consultation

    • Pre-Purchase and Sales Consultation

    • Real Estate Investment and Development

    • Economic Incentive Assessment

  • Design and Adaptive Re-Use Consultation


 
 

Many certified historic projects are eligible for various development financial incentives.

However, most of these incentives have complicated, and often vague requirements – such as the federal Secretary of the Interior’s Standards for Rehabilitation – and require working with local, state and federal preservation commissions and agencies. The key to maximizing historic rehabilitation-related financial opportunities lies in creative and comprehensive strategies at the commencement of any project and implementing a plan that insures the greatest return possible. McNair Historic Preservation works closely with tax credit clients and members of their design and construction team to ensure that all of the proposed rehabilitation work complies with the Secretary of the Interior’s Standards for Rehabilitation, as required by the federal and state historic tax credit programs. Our staff documents buildings before and after construction; prepares the tax credit applications; coordinates the application process with the state and federal reviewing agencies; and remain a liaison between our clients and the reviewers throughout the project.

Working with tax incentive professionals early in the process can reduce your development time and costs, and have a positive impact on the quality of the project and your access to tax credits. With our experience in state and historic tax credit certification, and our strong relationships with National Park Service, State Historic Preservation offices, and local Historic District Commissions, we can help you move your project forward and help you benefit from significant financial incentives.

 
 

Sound like something we can help with? Reach out today for more information.