Despite the fact that the tax code makes rehabilitation tax credits available to upwards of 140 million taxpayers (95%+), the financing of historic tax credit projects is dominated by very large companies and very wealthy individuals.

We believe this fact has narrowed the types of projects that attract third-party capital. Nearly all third-party tax credit investors want to do projects with more than $10 million in qualified rehabilitation expenses that are located in top 150 metros. But that is not the vast majority of projects. We have built a first of its kind process that capitalizes these credit investments by focusing on community-led investing.

Using the crowd-funding exemption as the backbone of our financing model, we are able to pool investments from investors of all sizes to help bring overlooked projects and overlooked places back to life. This dramatically expands the geography of viable projects (almost every historic building has a neighborhood), and dramatically expands the pool of people that can participate as tax-leveraged real estate investors.

This process of buying real estate with money you will pay in income taxes in the future can be transformative not just for what projects can get done, but also for how entire communities perceive themselves. We see value in all kinds of places that have been overlooked and we have built a process that is unlocking that value from Baltimore to Selma to Bartlesville and beyond.