Episode 49
Finding Funding
This solo episode focuses on the various financial tools available to finance the renovation of a historic building. Specifically:
- Grants and bond bills,
- Tax Credits (HTC, NMTC, LIHTC) and
- Rebates or incentives (DSIRE & Inflation Reduction Act)
I'll cover a high-level view of various financing products and have included some great resources below if you're interested in learning more. You can also head over to our Instagram page (@tangibleremnants) for some graphics and charts on the various financing options.
If you're working on your own tangible remnant or know anyone else working on a historic building that is looking for additional ways to finance it, please send them this episode.
*Note: I am not a CPA nor do I play one on this podcast so please make sure you do your due diligence, talk to your attorney/CPA to find out what is viable for your individual project and jurisdiction.
Links:
Government sites to funding programs:
- HTC: https://www.nps.gov/subjects/taxincentives/index.htm
- LIHTC: https://www.huduser.gov/portal/datasets/lihtc.html
- NMTC: https://www.cdfifund.gov/programs-training/programs/new-markets-tax-credit
- DSIRE: https://www.dsireusa.org/
Guides & Resources:
- Quinn Evans Historic Tax Credit guide: https://www.quinnevans.com/news/navigating-historic-tax-credits
- Novogradac Tax Credit Journal: https://www.novoco.com/resource-centers/affordable-housing-tax-credits/about-lihtc#:~:text=The%20LIHTC%20is%20designed%20to,acquisition%20cost%20of%20existing%20buildings.
- Community Development Entities (CDEs).
- New Ecology: https://www.newecology.org/media/
- IRA webinar (Lorax): https://loraxllc.com/planning-for-the-md-climate-solutions-now-act-copy/
- Lorax IRA blog: https://loraxllc.com/unlocking-building-sustainability-with-the-inflation-reduction-act-ira/
About the podcast:
- Tangible Remnants on Instagram
- Tangible Remnants Website
- LinkedTr.ee for resources
- Earn CEUs for listening to this podcast
- Signup for Ask Me Anything w/ Nakita Reed
- Gabl Media Network
- Sarah Gilberg's Music
**Some of the links above maybe Amazon affiliate links, which means that if you choose to make a purchase, I will earn a commission. This commission comes at no additional cost to you.**
Mentioned in this episode:
