(July 16, 2026 @ 6pm ET) 40 Minutes of Competence Study Session: The Specter of Regulation - Leveraging Tax Credits on Adaptive Reuse Projects (Part 2 of 2)

An architect is conducting a preliminary feasibility analysis for a developer considering the purchase of a vacant 1908 textile mill for conversion to a boutique hotel. The building is a contributing structure within a locally designated historic district but is not individually listed on the National Register of Historic Places. The developer wants to leverage available historic tax credit programs to improve project feasibility.

Which of the following conditions will most directly affect the project's eligibility for the Federal Historic Tax Credit? Check the two that apply.

1. Whether the locally designated historic district has also been listed on, or formally determined eligible for, the National Register of Historic Places
2. Whether the proposed boutique hotel use generates income
3. Whether the jurisdiction has adopted local design guidelines
4. Whether the building has been vacant for more than two years
5. Whether the developer has secured a construction lender who accepts tax credit equity as part of the project financing structure
6. Whether the developer intends to sell the property within five years of completion