Spencer Fane attorney Nick Anderson recently presented at the 2022 Novogradac Historic Tax Credit Conference on October 6 in St. Louis. The firm also sponsored the annual event.
During his presentation, Building the Capital Stack, Nick outlined how the fact that federal historic tax credits (HTCs) can account for 20% of qualified rehabilitation expenditures leaves room for other financial resources in the capital stack. The panel discussed tactics and shared tools that can help make the difference in a development penciling out financially.
Nick was joined on the panel by Joseph Bredehoft, Husch Blackwell; John Murphy, Octagon Finance; and Katrina Thompson, Barnes & Thornburg. John DeJovine, Novogradac, served as moderator for the conversation.
The Novogradac Historic Tax Credit Conference allows hundreds of historic preservationists with diverse and expansive backgrounds, including financing, syndicating, investing, developing, consulting, and accounting, to connect. Attendees were able to gain insights into tax credit equity pricing, ways to build capital stacks, and legislative updates.
Nick, who is chair of Spencer Fane’s Tax Credit Finance and Opportunity Zones practice, advises real estate developers, lenders, and investors in efficiently structuring and closing real estate deals. He has a strong track record of experience in Historic Rehabilitation Tax Credits, Low-Income Housing Tax Credits, New Markets Tax Credits (NMTCs), Opportunity Zones, Renewable Energy Tax Credits, and a wide variety of state tax credit programs.