In this episode of Stronger Bonds, Ray & Emily demystify tax credits in development projects, explaining how they work, their policy goals, and their impact on revitalization efforts like historic buildings and mill redevelopments. They discuss practical examples from South Carolina and the marketplace for buying and selling these credits.

• Featured projects:
  • Judson Mill District (Greenville): https://judsonmilldistrict.com/
  • The Cigar Factory (Charleston): Wikipedia
  • BullStreet District / Babcock Building / Midtown at BullStreet (Columbia): https://bullstreetsc.com/
• South Carolina credit resources – the basics:
  • SCDAH – Income-producing Historic Rehabilitation Tax Incentives: scdah.sc.gov
  • SC DOR – SC Textiles Communities Revitalization Act: dor.sc.gov
  • SC DOR – Rehabilitation Credits for Historic Structures: dor.sc.gov
  • SC Housing Finance and Development Authority (LIHTC allocation): schousing.sc.gov
  • Municipal Association of SC – Abandoned Buildings overview: masc.sc
• Federal credits – quick references:
  • National Park Service – Federal Historic Preservation Tax Incentives: nps.gov
  • CDFI Fund – New Markets Tax Credit Program: cdfifund.gov
  • HUD – Low-Income Housing Tax Credit overview: huduser.gov
• How tax credits get monetized – marketplaces and funds:
  • Tax Credit Marketplace (TCM): https://taxcreditmp.com — SC-based marketplace, founded 2013, has monetized $100M+ in SC credits.
  • Matt Zackon (Chief Strategy Officer, TCM – Columbia): TCM team page
• Parker Poe alert referenced in this episode:
  • Parker Poe – Madison Felder & Richard Few, South Carolina Department of Revenue Issues Taxpayer-Friendly Ruling Updating Guidance on Textile Tax Credits (Feb. 17, 2025): parkerpoe.com

Parker Poe - Government & Municipalities

Emily Luther

Ray Jones

Do you have a question, a topic idea, or a request? Please email us at [email protected].

Stronger Bonds is recorded and produced by Robby Woodard.