Twinning Historic Tax Credits & Opportunity Zones, with Rich Rogers (Episode #9)
How can the Opportunity Zones incentive be paired with other tax credits?
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Show Notes
Are two tax incentives better than one? Stacking, or twinning, multiple tax credits can oftentimes help bridge a funding gap on certain real estate projects. The Opportunity Zones program can be paired with a variety of other tax credits, including the Historic Tax Credit.
The place-based nature of the Opportunity Zones program makes it ideally suited to be paired with the Historic Tax Credit. The HTC is a 40+ year old tax policy that encourages private sector investment in the rehabilitation and re-use of historic buildings.
Rich Rogers is a land use law and economic development planning attorney at Borrelli & Yots.