Historic Tax Credit Services
 NexGen offers Historic Tax Credit Services in a comprehensive manner. We work with real estate developers/property owners to identify the amount of the potential credit, to help secure the credit in a seamless manner and to monetize the credit via 3rd party investment. Our combination of real estate, tax, accounting and finance expertise results in a unique blend of skills with proven delivery and execution.
Historic Tax Credit Overview

The Historic Tax Credit (“HTC”) is authorized under sections 38 and 47 of the Internal Revenue Code and is available to reduce the federal income tax liability of qualified taxpayers. A credit equal to 20 percent of Qualified Rehabilitation Expenditures (QRE’s) is allowed for certified historic structures.
Real Estate Developer Services

NexGen offers a comprehensive process for developers to secure Historic Tax Credits that ranges from identification through monetization:

  • Opportunity Evaluation
    We review the proposed rehabilitation to determine the qualification, value and the marketability potential

  • Syndication
    We help source potential buyers of the credit and negotiate the price and terms

  • Implementation
    We provide the necessary tax, accounting and QRE services

  • Maintenance
    We provide comprehensive tax and accounting services during the rehabilitation and the subsequent operation of the project
Transaction Structure

We help structure a transaction that meets the needs of all parties involved in a transparent manner. We balance our business skills with strong technical expertise.
Team Approach

We work closely with others who are critical to the process including legal counsel, the historic architect and the State Historic Preservation Office.
Other Benefits

The combination of our public sector experience and knowledge of TIF, New Markets Tax Credits and other programs allows us to creatively explore other avenues available to help source capital.

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