Vice President, Director of Mercantile Community Partners
Emily Cauzillo has extensive experience structuring and underwriting complex real estate projects utilizing various tax credit incentives. With over 10 years of commercial banking experience, Emily has originated and managed over $450 million of investment in tax credits. Emily works closely with development partners to find the best solutions possible for their projects. With a deep seeded passion for historic preservation and affordable housing, she currently serves as Board Treasurer of the Michigan Historic Preservation Network (MHPN) and as a Finance Committee Member of the Dwelling Place.
Restoring or adaptively reusing historic buildings can bring valuable financial incentives to real estate development projects. Such incentives are more important than ever with credit markets tightening in the current inflationary high interest rate environment. In this session, we will take an in-depth look at the power of combining available incentives, with a primary focus on Opportunity Zones, Federal and Ohio New Markets Tax Credits (NMTCs), tax increment financing (TIF), and property tax abatements. We will also discuss such practical experiences as closing NMTC and historic tax credit syndication transactions, obtaining bridge financing, and choosing a good team of consultants to complete historic tax credit projects. By presenting examples of actual deal structuring for some great historic properties, this session shows you how these and other programs work, how they can function together, and how you can work with the government agencies, investors, lenders, accountants, attorneys, and preservation consultants who can bring these incentives to your project. Note that our session is intended for those with a basic knowledge of project development. A significant amount of time is made available for questions so that participants can apply what they have learned.