Expertise

Our vertically integrated team of in-house professionals internally manage our own portfolio of properties, investments, loans and development projects.  This platform has successfully completed over $1.5 billion of tax credit transactions, $3 billion in real property transactions and today runs the company's robust and diverse privately held portfolio of more than 2.5 million square feet.

State Tax Credits

Consortium Capital is very active in both State Historic Tax Credit (HTC) and State New Markets Tax Credit (NMTC) programs across the country.

Over 30 states currently have State HTC programs, and while some are limited in capacity, many offer meaningful incentives to developers – typically a state credit (in addition to any federal credit) equal to 20-25% of Qualified Rehabilitation Expenditure (QREs).  Like the Federal HTC, State HTCs must almost always be syndicated to outside investors. Consortium works with investors that are active in many State HTC programs, including but not limited to AL, CT, MI, MO, NY, OH, OK, TX, VA and WI. 

More than a dozen states have passed legislation authorizing State NMTC programs and several more are considering such legislation.  State NMTC programs typically piggy-back on the Federal NMTC rules and regulations and State NMTCs are often, though not always, combined with Federal NMTCs for impactful projects in need of additional subsidy.  Consortium Capital has deployed capital for State NMTC programs in IL, KY, ME, MS, NE and OH and continues to work with all active State NMTC programs throughout the country.  Activity in State NMTC programs tends to be very cyclical, as they often require annual or biennial renewals from their state legislative body.

For inquiries on State HTCs, please contact Stefan Kershow.

For inquiries on State NMTCs, please contact Phil Aftuck.