Press Release  
 
 
     
  FOR IMMEDIATE RELEASE    
  August 18, 2008  
     
  Maine Real Estate & Development Association (MEREDA) Hosts Bangor Breakfast Seminar Revisiting the Topic of Maine's Historic Rehabilitation Tax Credit on September 23, 2008  
     
  Sponsored by: Bangor Savings Bank, Drummond Woodsum & MacMahon, & WBRC Architects Engineers

This year, the Maine Legislature significantly expanded  the credit to provide a Maine state credit equal to 25 percent of qualified rehabilitation expenditures. Projects that involve a substantial affordable housing component receive a credit at a 30 percent rate. The Federal credit adds an additional 20 percent of qualified rehabilitation expenditures. The combined credits provide a powerful financial resource for the preservation of Maine’s historic buildings and for downtown redevelopment.

Our panel (Amy Cole Ives, founder of Sutherland Conservation & Consulting in Hallowell, and John Kaminski and Gary Vogel, both attorneys at Drummond Woodsum & MacMahon in Portland) will discuss the legislative process to enact the expanded credit, the requirements and potential uses of the credit as a tool for historic preservation and development, the linkage of the increased credit to affordable housing and the impact that the credit is expected to have on historic preservation in Maine.

Join us on Tuesday, September 23, 2008 from 7:30 - 9:30 AM at the Sea Dog Banquet & Conference Center, 26 Front Street, Bangor, ME.

Registration Fees:
MEREDA Member:  $25 
Non-Member:  $35 

After  September 19th:
MEREDA Member:  $35 
Non-Member:  $45

For more information or to register, please contact the MEREDA office at (207) 874-0801 or click here to register online.   
 
     
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