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DATE: April 4, 2015 CONTACT: Janet Kreger, MHPN Conference Co-Manager PHONE: 734-222-9310 E-MaIL: [email protected] OR CONTACT: Nancy Finegood, Executive Director PHONE: (517) 371-8080 E-MAIL: [email protected] ______

MHPN Hosts two-part session, “Incentives for Successful Preservation Projects”

35th Annual Statewide Preservation Conference, “Always Seeking Modern” May 13-16, 2015, N.A.D.A. Hotel and Conference Center, Northwood University, Midland, Michigan

LANSING, MI: Titled “Ingredients of Place” the 35th annual conference presented by the Michigan Historic Preservation Network (MHPN), takes place May 13-16 in Midland, Michigan. Have you ever wondered what other benefits there are to restoring an historic building, other than protecting a piece of the past? Have you seen an old building and thought about restoring it, yet never knew where to start?

On Friday, May 10, from 8:30 a.m. – 11:30 a.m., the on-site double session, “Incentives for Successful Preservation Projects - Parts I & II will take place. Join the MHPN as we explore Michigan’s “Community Reinvestment Program,” now in its fourth year, to learn about the valuable financial incentives that can be tied to adaptive reuse and the restoration of historic structures.

Restoring or adaptively reusing historic buildings can bring valuable financial incentives and more favorable loan terms to real estate development projects. Federal tax credits for historic rehabilitation, for example, remain key to financing historic preservation projects. And Governor Rick Snyder’s Community Reinvestment Program is now in its fourth year of an appropriation meant to replace Michigan’s former Historic Preservation and Brownfield Tax Credits with grants and loans for which preservation projects can compete; “creates jobs” and “addresses blighted properties” are among the selection criteria for program participation and clearly play to our desire to see historic preservation supported. We discuss such practical experiences as closing historic tax credit syndication transactions under the new IRS Safe Harbor guidance (Rev.Proc. 2014-12) for historic tax credit projects. Our conversation is meant for those already with a basic knowledge of project development. By presenting examples of actual deal structuring for some great historic properties, this session shows you how these and other programs work, how they can function together, and how you can work with the government agencies, investors, lenders, accountants, attorneys, and preservation consultants who can bring these incentives to your project. A significant amount of time is made available for questions so that participants can apply what they have learned.

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Nancy Finegood, Executive Director of the MHPN shares, “The MHPN has presented this workshop-length program since 2007. It’s popularity is significant because of the professionals who come in especially for the presentation from the private and governmental sectors, the length of time they spend with the participants, and the up-to-date quality of the information they share. Additionally, they are all deeply committed preservationists who are MHPN “Incentives for Successful Preservation Projects” Page 2 of 2 close friends of the MHPN, and it shows. Free for conference participants, and just $55 for those buying an individual ticket, it’s a program for which participants would pay many, many times more if it were presented in any other venue. ”

Join us as we journey through the details of the financial incentives for adaptive reuse and restoration of historic structures with experts Richard Hosey, MHPN Board Member and expert on tax credit investments from Richard Hosey Development LLC, Detroit; Gordon B. Goldie, Tax Partner, Plante & Moran’s Housing and Community Development Solutions Group; Robbert McKay, a Historical Architect with the Michigan State Historic Preservation Office (SHPO); and David Schon, a partner in Nixon Peabody's tax credit finance and syndication group and co-chairs the historic tax credit team. In addition to breaking down the details of Michigan’s “Community Reinvestment Program,” learn how to navigate the waters of federal historic preservation tax credits, new markets tax credits, and become informed on the best ways to make them all come together for a financially successful historic preservation venture.

The climate in Michigan for adaptive reuse and restoration of historic properties is excellent at this moment in history. As speaker David Schon states, “Federal historic tax credits are a key financial incentive for historic rehabilitation and a proven driver of successful downtown and main street redevelopment across Michigan. Join us to learn how the program can work for your project.”

To learn more about the conference, download the brochure at www.mhpn.org or request a copy at [email protected] or (517) 371-8080. Costs range from $65-$390. Online registration is now available for those interested in attending a single session – or the entire conference (http://www.mhpn.org/?page_id=2512)! There are special member benefits (on- the-spot membership is on the registration form and online), single-day pricing, reductions for full-time students, an early-bird discount, and low Saturday prices. The MHPN has not raised the registration fees since 2008. Please note that the majority of sessions and tours are approved for MCP, AICP, and AIA credits. And also consider that if you are coming a distance for the conference, you may want to “Make It A Midland Weekend.” Both conference hotels, the N.A.D.A. Hotel and Conference Center and The Sleep Inn have extended our conference rate to include both Tuesday and Saturday nights, and a glance at the website for the Go Great Lakes Bay Convention and Visitors Bureau – http://www.gogreat.com/ – shows you how much there is to do in our host community!

The MHPN is Michigan’s statewide preservation organization and the advocacy and resource group for preservationists from all backgrounds. Founded in 1981, the MHPN has hosted this annual educational conference every year since it was founded, moving it around the state to reach more and more people each year. For more information about MHPN, please visit our website at: www.mhpn.org.

313 E. Grand River Avenue, Lansing, Michigan 48906