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Historic Tax Credit Developer’s Conference February 7 & 8 Don CeSar Beach Resort, St. Pete Beach, Fl

Historic Tax Credit Developer’s Conference February 7 & 8 Don CeSar Beach Resort, St. Pete Beach, Fl. Working with the National Park Service and States. Certification Process. 3 Part Application Process Part 1 - Historic Status Part 2 - Design Approval Part 3 - Project Completion

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Historic Tax Credit Developer’s Conference February 7 & 8 Don CeSar Beach Resort, St. Pete Beach, Fl

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  1. Historic Tax CreditDeveloper’s ConferenceFebruary 7 & 8Don CeSar Beach Resort, St. Pete Beach, Fl Working with the National Park Service and States

  2. Certification Process • 3 Part Application Process • Part 1 - Historic Status • Part 2 - Design Approval • Part 3 - Project Completion • State and National Park Service Review • 60-Day Minimum Review – More Likely 90-120 Days • Approx 30% Design Development Drawings Necessary for Submission • Secretary of Interior’s Standards for Rehabilitation

  3. NPS Design “Hot Buttons” • Window Replacements • Interior Floor Plan Changes • New Additions • Functionally Related Complexes

  4. Response to Issues • Tax Act Review Reform Policy Paper (June 2003) • Issued by the National Conference of State Historic Preservation Officers (NCSHPO) • Recommended reforms to the Tax Act Review process • Recommendations for Improving Administration of the Certified Historic Rehabilitation Tax Credit Program (December 2003) • Issued by the Historic Preservation Development Council (HPDC) • Recommended changes that would make the program more sensitive to the realities of the real estate development process

  5. Response to Issues • Tax Act Review Reform Policy Paper (June 2003) • Issued by the National Conference of State Historic Preservation Officers (NCSHPO) • Recommended reforms to the Tax Act Review process • Recommendations for Improving Administration of the Certified Historic Rehabilitation Tax Credit Program (December 2003) • Issued by the Historic Preservation Development Council (HPDC) • Recommended changes that would make the program more sensitive to the realities of the real estate development process

  6. NPS Response • Recommendations for Improving Administration of the Certified Historic Rehabilitation Tax Credit Program (August 2004) • NPS agreed to undertake a number of changes including establishing a committee of the National Park System Advisory Board made up of parties interested in the in how the Secretary’s Rehabilitation Standards are interpreted. • Committee was formed in 2005 and listened to presentations by SHPOs, the IRS, developers and preservation professionals. • Federal Rehabilitation Tax Credit Program Recommendations for Making a Good Program Better (September 2006)

  7. Albert Rex MacRostie Historic Advisors LLC 56 Highgate Road Marlborough, MA 01752 (617) 359-7261 albert@mac-ha.com www.macrostiehistoric.com

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