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Using State Historic Tax Credits to Create Affordable Housing 

06-30-2021 16:57

In this webinar, which took place June 30, 2021, listen to three perspectives on how state historic tax credits can help repurpose historic buildings to create new units of affordable housing. 

Leslie Reid serves as the CEO of Madison Park Development Corporation, one of the largest community based non-profit developers in Massachusetts. Hear Leslie describe how Massachusetts sets aside 25% of its credits for affordable housing projects and the impacts the incentive has on the work of her organization.

As a historic preservation consultant Logan Ferguson, Senior Associate with Powers and Company, has helped clients apply for historic tax credits in many states but will highlight during the webinar her personal experience with the Delaware credit which provides 10% more credit for depreciable projects that qualify for low-income housing tax credits. Maine increases its rehabilitation tax credit by 5% if new affordable housing is created.

John Egan, the Chief Lending and Program Officer at the Maine-based Genesis Community Loan Fund will use his thirty-years of housing financing expertise to describe how the state’s investment helps make repurposing buildings financially feasible.

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Uploaded - 06-30-2021