Tax Credit Syndication - Funds and Services
Heartland Historic Preservation Funds
The Heartland Historic Preservation Funds provide equity financing to help with the rehabilitation and preservation of America’s heritage in its historic buildings and the economic revitalization of the communities in which those buildings are located. We believe that America’s historic buildings are an important part of America’s history and preservation allows them to be passed on to future generations.
Developers and owners planning on rehabilitating a building on the historic register or a building within a historic district can contact the Heartland Historic Preservation Funds about equity financing alternatives available in connection with the Federal Historic Rehabilitation Tax Credit Program.
The Heartland Historic Preservation Funds focus on historic projects that generate as little as $400,000 in Federal historic rehabilitation tax credits. Those projects typically involve eligible rehabilitation costs of at least $2 million. We can also invest tax credit equity for an unlimited amount of Federal credits. All types of properties are eligible, including boutique hotels, offices, restaurants, entertainment uses, retail, multi-family and mixed-use projects. The Heartland Historic Preservation Funds are also able to invest in state historic credits.
The Heartland Historic Preservation Funds are flexible, efficient and competitive. For the smaller projects, the Fund’s approach is designed to reduce due diligence requirements, move quickly to closing and keep closing costs low. The Heartland Historic Preservation Funds are capitalized by a leading bank, managed by CE Capital Advisors, LLC (CECA) and operates in all 50 states.
The Heartland Historic Preservation Funds can be a very beneficial partner in a historic project. Principals of CECA have been investing in tax credits since 2001. Their success has come from their commitment to be responsive, easy to work with and ready to get things done and to offer the best pricing and payment terms possible based on project needs. Additionally, CECA’s affiliates develop and rehabilitate multi-family housing, and provide construction and property management services all of which allow CECA to add value to the project through sharing development, market and management experience.
CETCA Housing Partners
CETCA Housing Partners provides investors with the opportunity to support affordable housing in Missouri and receive Missouri Low-Income Housing Tax Credits either on a year to year basis or stream of credits. The fund invests in qualifying affordable housing projects and manages its interest in the project during the compliance period.
Heartland Affordable Housing Funds
Heartland Affordable Housing Funds provide investors with the opportunity to support affordable housing for seniors in the Midwest and receive the Federal Low-Income Housing Tax Credits. The Projects will be located in the Midwest; typically, though not exclusively, in smaller communities. The Projects will be designed for and marketed to senior residents and will involve the renovation of historic buildings. Some Projects may have commercial or retail space on the first floor. In all cases, the Projects will not employ any long-term, foreclosable debt.
State Credit Services
CECP works with institutional and individual investors to acquire state historic tax credits. We can work in any state in which those credits are available.