Rehabilitation Tax Credit


Definition of "Rehabilitation tax credit"

Special tax incentive for the continued use and rehabilitation of historical buildings and old structures in an effort to arrest urban decay. Developers receive a credit based on a percentage of the cost they incur rehabilitating these structures.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Bill Of Sale

Formal document for the transfer of title to personal property and chattels. It states that the prop ...

Seller Financing

If buyers are considering a home with an assumable mortgage at a fair interest rate or if the seller ...

Mobile Home

Pre-manufactured structure, often constructed of metal that is placed either on a minimal or no foun ...

Equity Kicker

Privilege of a real estate investor or lender to participate in the profitability generated from pro ...

Tax Lien

Claim against property for payment of taxes. Life insurance proceeds and annuity benefits are protec ...

Color Of Title

Some plausible, but not completely clear-cut indication of ownership rights. It supplements a claim ...

Related Real Estate FAQ

What Is A Private Mortgage?

Private mortgage insurance is insurance that protects mortgage lenders against default on loans by p ...

What Is A Wraparound Mortgage?

A wraparound mortgage is a new mortgage that includes the remaining balance on an old mortgage, plus ...

What Is An Origination Fee?

An origination fee is a fee paid to a lender for processing a loan application. ...

What Is A Seller Disclosure?

A seller disclosure is a form required by most states; the seller uses this form to disclose any kno ...

Who Is A Subagent?

A subagent is an agent who works with you to purchase a house but is paid by the seller. ...

What Is An Agent?

A person authorized to work on anothers behalf-for instance, a person authorized to sell or buy a ho ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

7 Things to Consider Before Moving to a New City 7 Tips for a First Time Homebuyer 10 Tips for Homebuyers 5 signs of house foundation problems Build or Buy? That’s the Big Question

FAQ

What is a seller takeback? What do I need to know about Business Insurance? What is a buyer’s agent? How can I protect my Home Office? How big is an acre?