Combinations of financing mechanisms are making many city rehab projects possible. Incentives include small-business tax credits, brownfield tax credits, historic tax credits and a newer incentive called new markets tax credits which grants a 39 percent tax credit over seven years.
National law firm Nixon Peabody L.L.P., Preservation Wayne, the National Trust for Historic Preservation, the Michigan Historic Preservation Network and other sponsors are organizing a June 8 seminar at the Detroit Club called Incentives for Historic Preservation in Detroit.
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