Sentences with phrase «federal historic tax credits»

About $ 577,000 of Federal Historic Tax Credits and $ 364,408 of State Historic Tax Credits through New York State Office of Parks, Recreation and Historic Preservation.

Rep. Brian Higgins on Monday called preserving federal historic tax credits necessary for Buffalo's continued resurgence.

Rep. Brian Higgins called preserving federal historic tax credits necessary for Buffalo's continued resurgence.

Developer Nick Sinatra has used federal historic tax credits on six projects and has two others in the pipeline.

Federal Historic Tax Credits generated $ 3 million in equity, and Historic Tax Credits Administered by the New York State Office of Parks, Recreation and Historic Preservation generated nearly $ 2 million in equity.

Higgins, D - Buffalo, said federal historic tax credits were used in dozens of projects in the Buffalo Niagara region.

Higgins believes federal historic tax credits which could be available for the old station are not accounted for, and he said at least $ 70 to $ 100 million could be generated between private investment and state and matching federal funds.

Recently listed on the National Register of Historic Places, Parkside Candy is another example of the important role state and federal historic tax credits play in revitalizing Buffalo's neighborhoods.

Also at 10:30 a.m., Rep. Brian Higgins, economic development leaders, preservationists and others advancing adaptive reuse of WNY's historic properties, will come together to stress the critical importance of maintaining federal Historic Tax Credits, Shea's Seneca, 2178 Seneca St., South Buffalo.

Federal historic tax credits only apply to income producing property.

Developer Jake Schneider has used federal historic tax credits to restore the former Shea's Seneca Theatre on Seneca Street.

The project utilized 4 percent tax credit equity, state and federal historic tax credit equity and bond financing with partner U.S. Bank, which provided the private placement on the bonds.

Daniel Mackay, Deputy Commissioner for Historic Preservation at the NYS Office of Parks, Recreation and Historic Preservation said, «The Parkside Candy Shoppe is a particularly exciting addition to the growing number of buildings that have taken advantage of the NYS and federal historic tax credits.

«The federal Historic Tax Credit does, in fact, pay for itself and more by helping cities and communities to become economically independent and self - sufficient.»

The U.S. Senate's version of tax bill still includes a portion of the federal historic tax credit.