Historic Rehabilitation Tax Credits
The federal government, through Section 47 of the Internal Revenue Code, created the Historic Tax Credit (HTC) program to encourage the preservation, rehabilitation and adaptive reuse of historically significant buildings. HTCs reduce federal income tax liability on a dollar-for-dollar basis.
The HTC program, which is administered by the National Park Service and the Internal Revenue Service in partnership with the various State Historic Preservation Offices, provides equity for developers that rehabilitate certified historic buildings and landmarks into income-generating properties that create jobs and promote economic growth.
In addition to the federal HTC program, more than 35 states have active state historic tax credit programs.
Twain tax equity funds
Twain manages multiple HTC funds and forms partnerships with historic developers to invest capital into real estate projects that substantially rehabilitate historic structures. Twain is seeking investments in qualified real estate projects that generate 1-year or 5-year streams of federal and/or state HTCs.
A historic tax credit investment from Twain can also be combined with our C-PACE and ground lease capital programs.
