Kansas City · Missouri · Kansas · Iowa · Oklahoma · Texas · Colorado
Most firms can draw a historic rehabilitation. Fewer can tell you what it earns, in which state, in what order the applications go in, and where two incentives quietly cancel each other out. We do the drawings and the credit work in the same office, because that is where projects are won or lost.
The usual arrangement puts a preservation consultant on the Part 2 narrative and an architect on the construction documents, and the two never read each other's work. Reviewers notice. We do both, so the story the application tells is the building we are actually drawing.
20% of qualified costs
Twenty percent of qualified rehabilitation expenditures on a certified historic structure, taken over five years. We prepare Part 1, Part 2 and Part 3 in-house and sequence them against your closing, not after it.
25% · transferable
Twenty-five percent, sellable, with a three-year carryback and a ten-year carryforward. Most of our finished portfolio is here. We know the reviewers by name and the review calendar by heart.
40% · no cap
Forty percent of qualified costs on most commercial rehabilitations, in large cities and small towns alike, with no statewide cap and no waiting list. With the federal credit that is 60% of qualified costs.
National Register · Section 106
If the building is not listed or contributing yet, that is a step we handle rather than a reason to stop. Nominations, district contributions, and Section 106 review where federal money is in the stack.
NMTC · OZ · LIHTC · PACE · TIF
Historic credits rarely close a deal alone. We structure them alongside New Markets, Opportunity Zone equity, housing credits, PACE and abatement — and tell you which layer to drop when two of them fight.
Five years
Credits recapture if the building leaves service inside five years. That is a documentation and operations problem, and it happens when the architect left at substantial completion. We stay on.
The spread between state programs is now wide enough to decide a project. We quote the real numbers rather than the national average.
25%
Transferable, three-year carryback, plus a state housing credit that matches the federal award.
40%
No statewide cap, no project cap, transferable, ten-year carryforward. The strongest program in the country right now.
25%
No cap of any kind, freely sellable, and unusually forgiving on the technical tests that sink marginal projects.
20%
No cap, sellable, and the state application runs alongside the federal one instead of after it.
25% refundable
Refundable, which is rare and worth real money — it converts without a tax appetite, so it prices closer to par.
25% / 35%
Twenty-five percent, rising to 35% in communities under 50,000. Nonprofits may participate.
Send the address of a building you think might be historic. No cost, no obligation, no pitch deck.
We walk it, and inside two weeks you get what it wants to be, what that runs, and which credits it earns. If it doesn’t pencil, we say so — that answer is worth the two weeks by itself.
EXACT Architects
3901 Main Street, Suite 201
Kansas City, Missouri 64111
816.200.0340
office@exactarchitects.com
