Nathan Ware is a member of Baker Hostetler’s Business and Tax Groups, and serves as co-leader of the firm’s Tax Credit Finance and Economic Development Incentives team. He focuses his practice on tax planning and structuring tax-advantaged investments in the context of development and project finance transactions. He has significant knowledge of many of the federal general business credits (e.g., the investment credit including the rehabilitation credit, the New Markets Tax Credit and the Low-Income Housing Tax Credit) and analogous state tax credit programs. He also has experience with conservation easements and opportunity zones. Notably, he has experience with various other state and local development tools including Property Assessed Clean Energy (PACE) financing, tax-increment financing and tax abatements. Nathan presents and writes regularly on a variety of tax credit issues. He is also a member of the Novogradac New Markets Tax Credit working group, the Historic Tax Credit Coalition and the Novogradac Opportunity Zone working group.
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.