What is Historic Tax Credit?
HTC (IRC Section 47): a federal credit generally equal to 20% of qualified rehabilitation expenditures for certified, income-producing historic structures, often used in adaptive reuse and layered with other capital.
Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Real Estate Finance course by Devon Coombs, CPA, MBA.