Clocktower Place

About
Clocktower
Tax Credits LLC

 

Real Estate Tax Credits

We offer tax credit financing services for the following tax credits:

Affordable Housing

Historic Building Rehabilitation Tax Credits

Brownfield Tax Credits

Easement Donation Tax Credits

Historic Building Rehabilitation Tax Credits

Federal Historic Tax Credits

Developers with an expertise and interest in preserving older buildings can avail themselves of one of the most mature and most successful incentive programs, the federal Historic Rehabilitation Tax Credit.

Developers spending $2 million or more on rehabilitating a qualified building typically look to "syndicate" their credits, or find a silent money partner who will pay for the tax credits and other project benefits. Such investors will join in a partnership prior to project completion, and will remain as a partner through the five-year "recapture" period in which the partnership needs to maintain ownership of the building (and avoid foreclosure or tax title seizure). Clocktower Tax Credits knows the limited pool of such corporate partners, and brokers the investment for developers nationwide. We understand complex issues including master leases, non-profit participation, and phased construction; we work with the industry's premier attorneys and accountants to model, underwrite and close on the tax credit equity investment.

State Historic Tax Credits

Over 30 states offer some form of state historic tax credit to supplement the Federal Historic Tax Credit. The rules and regulations of each state historic credit are unique, but Clocktower Tax Credits has a sophisticated understanding of each state tax credit program, and can work with developers to identify the right investor for their state historic tax credits in any state.

Clocktower Tax Credits or its principal has closed state and/or federal tax credits investments in over a dozen states, including Connecticut, Florida, Iowa, Kansas, Louisiana, Massachusetts, Missouri, Nebraska, New York, North Carolina, Oklahoma, Rhode Island, South Carolina, Texas, and Virginia.