|AIA Akron &
January Joint Meeting
Please join us for a comprehensive discussion of Federal Rehabilitation Tax Credits and the Ohio Historic Preservation Tax Credits. This panel discussion will feature some of the best preservation professionals in our area. They will review the process from the point of view of the designer, the financing and the owner. This is a unique opportunity to see how the building preservation process is accomplished from all members of the team. Bring your questions with you as there will be time to talk with members of the panel.
When: January 14, 2015
5:00 PM Registration, Social, Cash Bar
6:00 PM Dinner
7:00 PM Panel Discussion
Where: Laziza Restaurant
195 E Erie St, Kent, OH 44240
Ample parking: on street – free after 5 PM, behind restaurant,
and parking deck
Deadline to Register: January 8, 2016
Elizabeth Corbin Murphy, FAIA, Principal
Chambers, Murphy & Burge Restoration Architects
Elizabeth Corbin Murphy, FAIA is the 2012 AIA Ohio Gold Medal architect, the AIA Ohio immediate past president, and is past chair of the Advisory Group for the American Institute of Architects National Committee on Historic Resources. Ms. Murphy is a Professional Peer for the GSA Design Excellence and First Impressions Programs. She has served on several design awards juries including the AIA National Interior Architecture Awards, AIA National Honor Awards, the GSA National Design Excellence Awards, the AIA Ohio Gold Medal Award, the AIA Cleveland Honor Awards, and more.
With her professional degree from the University of Notre Dame, Elizabeth completed the Masters of Architecture program at Kent State University to allow herself more research time in preservation of the built environment. Elizabeth is a Professor of Practice at Kent State University where the students she teaches have won eleven national awards in the sixteen entries made to the Charles E. Peterson Prize Competition. Ms. Murphy is registered with NCARB, NCIDQ, and LEED®.
Chambers, Murphy & Burge will repurpose old and historic structures for new uses or restore unique landmarks to appropriate conservation standards. The firm of which Ms. Murphy is principal was founded as Chambers & Chambers Architects fifty years ago, and is dedicated solely to preservation and restoration technology and design.
A business advisory and advocacy law firm
Chad focuses his practice on real estate and commercial finance. He specializes in project development and financing using capital campaigns, federal, state and local grants and loans, historic preservation tax credits, renewable energy tax credits, and new markets tax credits. Chad counsels developers, investors, nonprofits, and institutions of higher education in real estate acquisition, financing, leasing, development, construction, management, and disposition. His extensive experience also includes representing financial institutions and borrowers in financing transactions.
Mr. Arfons has represented an institution of higher education in all aspects of its $35 million rehabilitation and modernization of a historic building, including development agreements, construction documents, commercial debt financing, obtaining and syndicating federal historic rehabilitation tax credits, state historic rehabilitation tax credits and new markets tax credits, applying for and complying with the requirements of state and federal grants and subsidies and assisting with capital campaign activities. He has represented a purchaser in structuring and negotiating a prepaid power purchase agreement and in all aspects of the 2.2MW solar photovoltaic project, including negotiating and documenting the project site lease, bridge loan financing, security interests, and interconnection agreement and reviewing the EPC contract and operation and maintenance contract.
Combining the Federal Rehabilitation Tax Credits and the Ohio Historic Preservation Tax Credits looks great to your client. How does it look to the architect when design, code, preservation, and contract administration are all dumped into the same pot? This course will address the advantages of bundling incentives and the challenges that are presented when design work must meet conflicting requirements. Is there ever a chance one would politely refuse the offer of the additional money? This course will address, with guidance of a legal perspective, how one may select the best course of action for the project. What are the best approaches to balance design and compliance issues”, and how might one address “unforeseen circumstances” if the discovery is a magnificent piece of 19th century history that does not meet code. Essential to bundling, also, is proper structure–not just the building, but the ownership, the tax position, and schedule.
This course will be taught by a preservation tax credit team, experienced with for-profit entities, not-for profit entities, and combinations demonstrative of imagination. Project samples cover many use-types and many building-types.
Learning Objectives: 1. What projects are eligible for federal Rehabilitation Tax Credits, Ohio Historic Preservation Tax Credits, and Conservation Easements? Can they be bundled with Ohio Housing Finance Agency incentives, New Market Tax Credits, and other financial candy? 2. Learn, from a legal perspective, the ideal position for a bundled project and how to structure ownership to match. 3. Explore the possible design and construction conflicts within a bundled project that has competing sets of performance criteria. 4. Discuss the architect’s position as queen of compliance. AIA CES Approved Credits 1 LU/HSW.