May 17, 2022: Understanding the Substantial Rehabilitation Test for HTC Properties

Published by Michael Novogradac on Tuesday, May 17, 2022 - 1:30pm

The historic tax credit (HTC) substantial rehabilitation test may seem simple on the surface, but there are some important nuances that even experienced developers may not be fully aware of. In this episode of Tax Credit Tuesday, Michael Novogradac, CPA, and Roy Chou, CPA, discuss what developers need to know about meeting the substantial rehabilitation test and planning their qualified rehabilitation expenditures so they can optimize the amount of HTC equity they can raise.