Vice President at PNC
Marie Hickle manages New Markets Tax Credit allocation at PNC, closing more than $450 million in credits over the last nine years. Hickle also oversees national Historic Tax Credit equity investments and leads community advisory board meetings on investment recommendations and decisions.
Beyond historic preservation tax credits, what other financial tools are available to finance 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 New Markets Tax Credits (NMTCs, Opportunity Zones, tax increment financing (TIF), property tax abatements, TMUD, and PACE financing. We will also discuss such practical experiences as considerations related to retaining vs. syndicating federal historic tax credits (HTC), closing HTC and NMTC syndication transactions, obtaining bridge financing, and choosing a good team of consultants to complete HTC 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.