Real Estate and Community Development

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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/hs
pp_p.htm
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Federal Surplus Property Program(contd)

• 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/hs
pp_p.htm
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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/conten
tView.do?PPMHPcontentId11167contentTypeGSA_B
ASIC
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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

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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
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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_sulliv
an.ppt
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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 Armys historic building program)
• http//w3.gsa.gov/web/p/interaia_save.nsf/3.20His
  torical20buildings205C20Buildings20by20State
  ?OpenViewStart8Count30Expand8.18.1
  (inventory of GSA owned historic buildings)

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David F. SchonNixon Peabody LLP Suite 900 401
Ninth Street, NW Washington, DC 20004 (202)
585-8778 [phone] (fax)
dschon_at_nixonpeabody.com