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Real Estate and Community Development

Real Estate and Community Development. Affordable Housing • Real Estate • Tax Credit Syndication Presented By David Schon Nixon Peabody LLP. Private Redevelopment of Federally Owned Historic Properties. National Historic Tax Credit Conference November 8, 2007 Washington, DC.

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Real Estate and Community Development

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  1. Real Estate and Community Development Affordable Housing • Real Estate • Tax Credit Syndication Presented By David Schon Nixon Peabody LLP

  2. Private Redevelopment of Federally Owned Historic Properties National Historic Tax Credit Conference November 8, 2007 Washington, DC

  3. Federal Suprlus Property Program(Section 203(k)(3): • The Historic Surplus Property Program allows state, county and local governments to obtain surplus Federal historic properties at no cost. Information: http://www.nps.gov/history/hps/tps/hspp_p.htm

  4. Federal Surplus Property Program(cont’d) • Historic properties transferred under this program may be used for public facilities, such as museums and government offices; properties can also be leased to not-for-profit organizations and to developers who may be eligible to take advantage of Federal Historic Preservation Tax Incentives. Information: http://www.nps.gov/history/hps/tps/hspp_p.htm

  5. Enhanced Use Leasing(Section 111 GSA) • Section 111 of the National Historic Preservation Act (NHPA) permits Federal agencies to lease historic buildings and, importantly, to retain revenue from such leases to defray historic preservation costs. More info: http://www.gsa.gov/Portal/gsa/ep/contentView.do?P=PMHP&contentId=11167&contentType=GSA_BASIC

  6. Enhanced Use Leasing (non-GSA): • More Information: EUL military • http://eul.army.mil/ • http://www.safie.hq.af.mil/afrpa/eul/index.asp • http://www.va.gov/cares/default.asp

  7. Military Housing Privatization (PPVs) • Privatized military housing (also known as Public/Private Venture (PPV) housing in the Navy) is owned by a private entity and governed by a business agreement with the military. The private entity is responsible for the construction, renovation, maintenance and day-to-day management of the housing. More Information: http://www.acq.osd.mil/housing/mhpi.htm

  8. Base Realignment and Closure • “BRAC" is an acronym which stands for base realignment and closure. It is the process used by the Department of Defense to reorganize its installation infrastructure and typically involves the closure of some facilities. There have been multiple BRAC “rounds” – the most recent of which is the 2005 Round. More Information: BRAC.https://www.denix.osd.mil/denix/Public/Library/NCR/Documents/NPC_BRAC_sullivan.ppt

  9. More Info on Federally OwnedHistoric Buildings: • More Information: • http://www.va.gov/facmgt/historic/ (inventory of VA owned historic buildings) • http://www.asaie.army.mil/Public/Partnerships/OHP/about.htm (the Army’s historic building program) • http://w3.gsa.gov/web/p/interaia_save.nsf/3.%20Historical%20buildings%20%5C%20Buildings%20by%20State?OpenView&Start=8&Count=30&Expand=8.1#8.1 (inventory of GSA owned historic buildings)

  10. David F. SchonNixon Peabody LLP Suite 900 401 Ninth Street, NW Washington, DC 20004 (202) 585-8778(202) 585-8080 (fax) dschon@nixonpeabody.com

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