Sentences with phrase «historic tax credit»

The building officially opened in February after a $ 20 million renovation involving the state's historic tax credit program.

The fate of a historic tax credit remains uncertain in the GOP's current tax proposal, according to CNBC.

«It's a process that began back in 1998 when SLAR was asked for assistance in the creation of a State Historic Tax Credit.»

Since Missouri adopted its State Historic Tax Credit, 100 buildings have been rebuilt for 5,000 residents and there has been an explosion of entrepreneurial activity.

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.

The bank's community investment subsidiary, U.S. Bancorp Community Development Corporation, invested approximately $ 11 million of affordable housing and historic tax credit equity.

She said Iowa, Maryland, Missouri and Colorado all have excellent state historic tax credit programs.

In New Mexico, historic tax credit manager Harvey Kaplan said his program for «registered cultural properties» has been around since 1984 and was the first of its kind in the country.

The historic tax credit available to all the contributing properties in the district is now one more tool neighbors can use to help bring this neighborhood back to a thriving community.

«Since we completed our house, three other neighbors have begun historic tax credit projects.

In Delaware, Historic Tax Credit Coordinator Joan Larrivee said her state's program started in 2001 and has been used by many middle - income homeowners.

Supporters of preserving the New York State Historic Tax Credit say this project, and many others, are possible only through the continuation of that incentive.

The state's Historic Tax Credit gives incentives to businesses and developers who refit vintage buildings for new opportunities.

State Senator Chris Jacobs, in a letter to Governor Andrew Cuomo, urges the latter not to suspend the state's Historic Tax Credit.

Meanwhile in Washington, the federal government's version of the historic tax credit will now be spread over five years, as the result of recently passed tax code reform.

«The Historic Tax Credit has helped drive the renaissance we are experiencing in Western New York,» said Legislator Savage.

Erie County, NY — Erie County Legislative Chair Peter Savage introduced a resolution today in support of extending New York State's Historic Tax Credit.

The Erie County Legislature voted 11 - 0 in favor of a resolution requesting an immediate extension of the New York State historic tax credit.

The legislators also called for the governor to decouple the federal and state Historic Tax Credit programs.

In a press release, Higgins cited a National Parks Service report that Historic Tax Credit - related investments generated 86,000 jobs and $ 3.5 billion in income nationwide for the 2015 fiscal year.

The congressman would not commit to voting against a final bill that doesn't preserve the Historic Tax credit.

«We're a city on the rise but part of that is because we've been able to harness the power of the historic tax credit and couple that with our historic structures,» Assemblyman Sean Ryan, D - Buffalo, said.

Also at 11 a.m., mayors from across the state will call on New York's congressional delegation to vote «no» on the House tax reform proposal that eliminates the SALT deduction and the historic tax credit, Albany City Hall, 24 Eagle Street, 1st floor atrium, Albany.

HCR's Housing Finance Agency provided $ 8.3 million through tax exempt bonds, a $ 2.9 million Medicaid Redesign Team loan, and mortgage insurance through the State of New York Mortgage Agency; $ 1.5 million loan from OTDA's Homeless Housing Assistance Program; $ 1 million loan from the Federal Home Loan Bank of New York; about $ 5 million in Low Income Housing Tax Credit equity; $ 1.9 million in estimated New York State Historic Tax Credit equity and about $ 2.9 million in Federal Historic Tax Credit equity.

Erie County Legislative Chair Peter Savage introduced a resolution today in support of extending New York State's Historic Tax Credit.

Plans to eliminated the federal historic tax credit as part the $ 1.5 trillion tax reform package being considered by Congress would end a key tool used to revitalize old structures in city's like Troy, officials warned.

«That is going to impact the historic tax credit program,» Jacobs explained.

Ryan is asking the state historic tax credit to be extended for another five years, until 2024.

It retains the historic tax credit, which was used to restore the Hotel Syracuse, it no longer taxes the tuition waivers that some graduate students use to pay for school and it allows taxpayers some flexibility on whether they want to deduct their state income, sales or property taxes - capped at $ 10,000.

Citing a number of small to major projects over the years, he added, «None of those would have started were it not for the historic tax credit.»

First, the new budget will extend the historic tax credit for five additional years; it had been set to run out in 2019.

The project also received $ 1.6 million from Housing Trust Fund Corp., $ 1.4 million from HOME funds, $ 660,000 from the Community Investment Fund, $ 1.3 million in federal and historic tax credit equity, and $ 451,000 in developer equity.

The state's top economic development official says a plan in Congress to eliminate the historic tax credit program would harm efforts to revitalize cities in New York.

With the assistance of the Historic Tax Credit program, New York State is leading the nation in promoting sustainable neighborhoods while preserving the historic fabric of our cities and towns.»

The state Historic Tax Credit program looked like a potential casualty of this year's $ 4 billion deficit when Gov. Andrew Cuomo unveiled his 2018 executive budget.

At 1:30 p.m., the Preservation League of New York State is bringing preservation and business leaders to the Capitol to ask lawmakers to support two key changes to New York's Historic Tax Credits, LCA Press Room (130), LOB, Albany.

The lieutenant governor pointed out there are always challenges in trying to balance a $ 168 billion budget, but she said the state is very aware of the importance of historic tax credits — specifically to upstate cities like Buffalo, Rochester and Syracuse.

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

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.

Federal Historic Tax Credits leverage $ 7.3 million of tax credit equity; New York State Historic Tax Credits, allocated by the Office of New York State Parks Recreation and Historic Preservation, leverage about $ 4 million in tax credit equity and about $ 1 million comes from Buffalo Urban Renewal Agency Home Funds.

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

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

It includes the former site of the Niagara Machine and Toolworks Factory which Schumer said could be eligible for up to $ 16 million in historic tax credits.

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.

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.

Assemblyman Sean Ryan, joined by State Senators Chris Jacobs and Tim Kennedy, are calling on Governor Cuomo to re-authorize the state historic tax credits because of their effect on the City of Buffalo's revitalization in recent years.

Assemblyman Sean Ryan, joined by State Senators Chris Jacobs and Tim Kennedy, are calling on Governor Cuomo to re-authorize the state historic tax credits because of their effect on the...

Part of the plan calls for historic tax credits to help subsidize the renovation of the former Niagara Machine and Toolworks Factory.

These are all success stories that are only success stories because of the historic tax credits.»

BUFFALO, N.Y. (WBEN)- Local lawmakers in Buffalo on Thursday advocated for New York State historic tax credits.