Jan. 31, 2023: Direct Investment vs. Pass-Through Lease: How to Choose Your Historic Tax Credit Structure

Published by Michael Novogradac on Tuesday, January 31, 2023 - 1:15pm

There are two overarching ways to structure a historic tax credit transaction: the direct investment structure and the pass-through lease structure. How do the structures differ and how can you choose the right structure for your project? Michael Novogradac, CPA, and Novogradac partner John DeJovine, CPA, discuss the pros and cons of each structure for developers and investors, as well as other considerations when choosing a structure.