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#1 Financier of MA Brownfields Tax Credits 4 years running

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Historic tax credits are a key incentive to property owners for their restoration projects.

Owners of properties listed in the National Register of Historic Places are eligible for a 20% Federal Rehabilitation Tax Credit (FRTC) for the certified rehabilitation of income-producing certified historic structures such as commercial, industrial, or rental residential buildings. In addition, many states including Mass., Conn. and R.I. have initiated state historic tax credit programs. The Mass. and Conn. historic tax credit programs are for 20% of qualified expenditures and the R.I. tax credit program is for 30% of qualified expenditures.

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Historic Tax Credits Facilitates Restoration of 1873 Building

Bob Dorfman, president of Dorfman Capital, announced the completion of a 20% federal historic rehabilitation tax credit sale associated with the rehabilitation of 88-98 Chestnut Street in Norwich, CT.  The building, originally built in 1873, is listed on the National Register of Historic of Places and has been fully restored into a ten unit rental apartment building.  The purchaser of these tax credits is an institutional investor.  The developer of the building is 88-98 Chestnut Street, LLC, an affiliate of Phoenix Financial Services, LLC headquartered in Providence, RI.

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Massachusetts Film Tax Credits

Film Tax Credit Legislation

In 2005 and modified in May, 2007 the Commonwealth of Massachusetts has instituted a program that provides an incentive in the form of Massachusetts tax credits to the motion picture industry to work in Massachusetts.

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Wastewater: Cape's $3 billion problem

By BOB DORFMAN (CapeCod Online) - November 27, 2007

As a resident of Cotuit I've been swimming, boating and nature walking in and around what are known as the Three Bays — Cotuit Bay, North Bay and West Bay — for four decades. The beauty and tranquillity of this area is the reason I chose to move here from Boston in 1997 and make the Cape my home. The Cape appeared to be a great place to establish roots and to raise a family.

As I transitioned from a summer and weekend Cape visitor to a full-time resident, it became clear to me that the Cape, beyond the beauty and tranquillity, had and has challenges. Those challenges need to be addressed by the adult generation of today to make sure the Cape is a place my children and generations to come will be able to enjoy, thrive and build a viable future here.

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