Small Historic Tax Credit (HTC) Project Legislation May Be Coming Soon In many cities across the country, a single historic renovation project can be the catalyst to launch a citywide revitalization. The federal HTC Program created by Congress in 1976 … Continued
After the White House’s initial draft of the Build Back Better (BBB) legislation excluded provisions to boost resources to build and preserve affordable housing, the recent version that passed through the House of Representatives now includes key provisions to enhance … Continued
Clocktower Tax Credits, LLC, is pleased to report that the recently enacted “Tax Cuts and Jobs Act” has kept most of the previous provisions that support affordable housing creation and historic rehabilitation intact. Unfortunately, as noted below, credit pricing in … Continued
As we turn the page on 2020, a year that has been immensely challenging for all, we take time to reflect on the past and look forward to the future. The COVID-19 pandemic has created an unprecedented level of disruption … Continued
New Markets Tax Credits The New Markets Tax Credit program was founded in 2000 under the Community Renewal Tax Relief Act with the goal of using tax credit equity to incentivize business and real estate investment into economically distressed communities. … Continued