The Source for Tax Credit Equity

CityScape Capital Group is a boutique investment banking firm that provides direct equity investment for historic rehabilitation, new markets, and solar energy tax credit transactions located throughout the country.

 
 

Through its CCG Historic & Energy Partners Funds, CityScape Capital Group acquires historic rehabilitation, new markets, and solar energy tax credits on behalf of its institutional clients. CityScape Capital Group's goal is to always structure an efficient, mutually beneficial investment transaction while laying the foundation for a successful and long-term business relationship.

Since 1992, CityScape Capital Group and its principals have facilitated the placement of over $1.35 billion of tax credit equity financing involving all types of project uses ranging in size from $400,000 to over $25 million of tax credits.

 
 

Tax Credit Incentives

In 2002, CityScape created the CCG Historic Partners Funds to invest in historic rehabilitation tax credit projects throughout the country, ranging in size from $400,000 to over $25 million of tax credits. Through the Internal Revenue Code Section 47, the federal government offers a 20% federal historic rehabilitation tax credit to encourage the preservation and adaptive reuse of our nation’s historic buildings

 

In 2008, CityScape established the CCG Energy Partners Funds to invest in solar energy tax credit projects throughout the country. Established in the federal Energy Policy Act of 2005, the solar energy tax credit provides a 30% federal income tax credit for solar energy equipment and installation expenditures associated with qualified commercial systems, such as solar photovoltaic and solar water heating systems as well as certain solar lighting systems.

 

As a designated Community Development Entity utilizing new markets tax credits, CCG Community Partners, LLC, an affiliate of CityScape, offers investment capital in the form of medium and long-term primary mortgages, medium-term mezzanine financing, and traditional equity investments to owners of businesses and commercial properties located within qualified low-income communities. Since 2003, CCG Community Partners, LLC has been awarded eight New Markets Tax Credit Allocations totaling $315 million.

Including both for-profit and non-profit development partners, CityScape investments range in use from market rate apartment complexes and boutique hotels to commercial office/retail buildings and charter schools with each deal being evaluated on its own merits. Time and time again, the end result is that CityScape’s historic rehabilitation, new markets and energy tax credit family of funds has been selected as an equity and/or debt partner with a high degree of frequency because of its compelling deal terms and flexible deal structures.