Historic Tax Credit Practice
For decades, Ballard Spahr has represented clients in using the federal rehabilitation tax credit (historic tax credit) to finance historic redevelopment. We have handled transactions that take advantage of the credit for retail, hotel, office, and residential uses and in governmental projects.
Our attorneys are experienced in combining the historic tax credit with the Low Income Housing Tax Credit, the New Markets Tax Credit, renewable energy credits, and other subsidies to offset costs and maximize the benefits of historic redevelopment. We combine our legal and tax skills with investor market experience to effectively negotiate, document, and close transactions.
- Redevelopment of a historic medical college campus in Philadelphia into a mixed-use facility
- Redevelopment of a historic B&O building in Baltimore into a boutique hotel and office building
- Conversion and redevelopment of a historic New Orleans office skyscraper to affordable rental housing and retail space