Clubs and Organizations
May 22, 2023
From: Historic Albany Foundation48 Hudson
Tax Credit Offering is NOW LIVE!
We are pleased to announce that our tax credit offering for the restoration of the Van Ostrande-Radliff House is now live and accepting investment!
As many of you already know, HAF is raising the last part of the funding pie for the restoration through the NYS and Federal rehabilitation tax credits. We are hoping to raise $945,000.
By investing in the project, you receive NYS and Federal tax credits based on how much you are investing. The NYS credits are $.74 per dollar of tax credit and the Federal credits are $.84 per dollar.
While most projects have one major investor who purchases all of the credits, HAF is committed to making the tax credits available to anyone who is interested in being a part of saving 300 years of Albany history. To do this, we have set the minimum investment at $250.
The tax credit sale will last until early 2024 or all of the credits are sold. The credits will be issued by NYS and the Federal government after the project is completed at the end of 2024. Investment in the project can only be made through an online platform called Common Owner, which is like a GoFundMe for tax credit projects.
To invest or get more information on the offering, please see our listing page at commonowner.com/project/48-hudson
If you would like to speak to someone about the tax credits, the project, or have questions please contact Cara at 518-465-0876 ext. 112 or [email protected]