Does your nonprofit own a historic* building? Do you have a list of capital improvements that you’d love to tackle, if only you had the funds? If so, the Texas Historic Preservation Tax Credit Program may be for you! Join Preservation Austin and Texans for the Arts to learn how your organization can use this incredible new tool to make investing in your property more affordable. Under the program, qualified rehabs of historic buildings can receive tax credits equal to 25% percent of construction costs, which nonprofits can then sell to for-profit entities.
This workshop will cover what buildings qualify; what projects qualify; how the process works; how the tax credit works; and how to structure “the deal.” Texas is one of the few states that offers this particular financial benefit to nonprofits, so take advantage of it!
Tickets are $10, coffee will be provided. Seating is limited.
Presenters:
VALERIE MAGOLAN, Rehabilitation Tax Credit Specialist for the Texas Historical Commission
BEN DUPUY, Director of Enhanced Capital’s national Tax Credit Finance Group and the leading force behind the Texas Historic Preservation Tax Credit’s passage in 2013
*Qualifying buildings are generally over 50 years old and either meet the criteria for, or are already designated, historic at the state or national level.
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