Our Borrower Ashley McMichael talks about Historic Tax Credits and how they provide a dollar-for-dollar reduction in taxes owed for the rehabilitation of historic, income-producing buildings. The federal credit is 20%, and state credits can provide an additional 10-30%. The rehabilitation work must meet National Park Service standards but can result in increased property values and community pride. Working with experienced professionals is key to navigating the process and maximizing benefits.
Are you a current borrower of FasterFunds Lending and want to join in on these calls weekly? It will give you a chance to ask questions and get answers on the spot! Message us on any of our socials or give us a call directly and we will send you the Zoom link!