Historic Tax Credit’s critical role in affordable housing

Historic Tax Credit (HTC) equity can play a critical role in affordable housing while providing low-cost capital to real estate developers who agree to preserve historic building elements.

In a Q&A with Commercial Observer, Tim Karp, Head of Historic Tax Credit, Community Development Banking, JPMorgan Chase, discussed HTC’s role in addressing the affordable housing crisis, plus:

• Why it’s important to consider HTC early in your project’s development

• How HTC can help reduce your building’s carbon footprint

• The importance of historic preservation to communities