HPN provides historic tax credit consulting services for owners and developers of historic structures looking to substantially rehabilitate their properties. We provide comprehensive project development services from pre-development planning through completion of construction by utilizing tax credits of qualifying costs. Eligible properties can recoup up to 45% of qualifying costs.
We take a holistic approach to our consulting services and have the ability to don multiple hats as we interact with a variety of agencies and stakeholders. This includes acting as a liaison between the project architect and the State Historic Preservation Office during the design phase, to acting as an owner’s rep during construction, to brokering the sale of the credits after the project is complete.
Learn about the benefits of Historic Rehabilitation Tax Credits
Proper documentation is crucial to any successful historic rehabilitation project. Careful consideration must be taken into account when documenting a property for tax credit eligibility.
Historic Pro NOLA offers concise documentation and reporting for the following:
Design review is one of the trickiest parts of project approvals in New Orleans and many other communities in Louisiana, especially if historic buildings are involved. We understand the review standards and can help you avoid many common pitfalls by getting involved early on in the design process. We will save you time and money by guiding your architect toward design solutions that comply with the Secretary of the Interior’s Standards while accomplishing your project goals.
In this phase, Historic Pro NOLA:
Historic Pro NOLA provides consulting services for developers and property owners seeking historic tax credits for rehabilitation of historic properties. Historic Pro NOLA assists clients in the completion of the three part Federal and Louisiana state tax credit applications. The involvement of historic preservation professionals familiar with the tax credit program is crucial in expediting the review process and facilitating the overall success of a project.
Federal Rehabilitation Tax Credit- 20% Available
The 20% rehabilitation tax credit applies to any project that the Secretary of the Interior designates a certified rehabilitation of a certified historic structure. A certified historic structure is deemed as a building that is listed in the National Register of Historic Places, either individually or as a contributing building in a National Register Historic District that has been certified by the Department of the Interior (National Park Service).
LA State Commercial Tax Credit- 25% Available
The 25% State Commercial Tax Credit Program is jointly administered by the Louisiana Division of Historic Preservation and the Louisiana Department of Revenue. The credit is available for income-producing buildings that are at least 50 years old and are contributing elements to Downtown Development Districts or Certified Cultural Districts.
