Historic Equity, Inc. (“HEI”) is a State Historic Tax Credit (“SHTC”) investor specialized in maximizing benefits to owners of historic rehabilitation projects.

Since 2001, HEI has invested in over 200 projects located in Missouri, Iowa, Kansas, Oklahoma, Minnesota, Wisconsin, Indiana, South Carolina, and Texas, with qualified rehabilitation expenditures (“QRE”) totaling over $700 million

 

Springfield Historiy Museum Park Central Square, Springfield, MO crop.jpg

Depending on the state and project size, HEI can deliver pricing of up to $0.93 per $1.00 of SHTC. Even if you already have selected a prospective purchaser, we will work with them to properly structure the SHTC investment to maximize the owner’s benefits. Recent IRS “Safe Harbor” Guidelines for Historic Tax Credits increased the importance of properly structuring SHTC investments early in the project.

 
Corrigan, KC PE (1).jpg

HEI will draft preliminary documents for you to consider:

  • A project Organizational Chart

  • HEI’s Term Sheet

  • A draft Operating Agreement for the Project Manager

  • A Tax Credit Purchase or Allocation Agreement