FEDERAL HISTORIC TAX CREDITS
For projects generating federal historic rehabilitation credits up to $3,000,000
TCC found that developers of smaller projects generating federal historic credits had difficulty finding an equity investor. In order to fill this need, TCC established The Small Deal Fund in November of 2002. Since its establishment, the SDF has closed over 100 historic tax credit transactions that have or will generate in excess of $50,000,000 in historic tax credits. Currently the SDF is providing tax credit equity for projects that generate up to $500,000 in historic credits.
Due to investor demand and the success of the SDF, Tax Credit Capital launched a series of funds to fill a void in the market for projects in the $500,000 to $3,000,000 range. Transactions in this range are typically below the thresholds of many institutional investors. TCC Historic Tax Credit Fund VI, VII, VIII, IX and X are fully specified and closed.
TCC Historic Tax Credit Fund 2010 L.P. is currently open for new investment.
For projects of this type, please contact:
John S. Bowman, Jr.
TCC Historic Tax Credit Funds
Small Deal Fund L.P.
1527 Third Street
New Orleans, LA 70130
(504) 620-1091
johnb@taxcreditcapital.com