April 22, 2024, Washington, DC: National Trust Energy Capital, previously NT Solar, a national tax credit syndicator with a mission to provide affordable clean energy access through investments in renewables and battery projects with strong ESG attributes, is thrilled to announce a series of four strategic solar tax credit (ITC) investments across the country, establishing new partnerships, building upon successful ongoing relationships, and continuing the growth of our network of investment partners.

These investments supported the development of 4 solar projects, including the largest solar installation to date in Rhode Island, as well as various community solar projects in New Jersey, New York, and California. Once in operation, these portfolios will bring the country closer to a carbon-free future while providing renewable energy to corporate and community solar subscribers and municipal, university, school, and hospital (MUSH) offtakers.

New & Returning Partnerships Generate Lasting Impacts

National Trust Energy Capital’s recent successful investments were with new development and investment partners, New Energy Equity and Revity Energy via Nelnet, Inc., as well as returning partner Dimension Energy, showcasing the company’s capacity to attract fresh collaborations while maintaining longstanding relationships built on trust, reliability, and the delivery of exceptional results.

“We are truly honored to deepen our partnership with [NT Solar] through these latest solar investments,” said Patrick Schaufelberger, Senior Vice President of Project Financing at Dimension Energy. “[NT Solar]’s expertise in financing and their unwavering support have been instrumental in bringing these projects to fruition.”

Following an initial investment in late 2022, National Trust Energy Capital expanded its financing support of Dimension Energy projects in both September and December of 2023. To date, this collaboration has resulted in a project portfolio of 10 projects, representing over 71 MWDC of community solar generation capacity in New Jersey, New York, and California that will collectively deliver over $1M in annual savings to the project subscribers.

“It was a pleasure beginning new relationships with the New Energy Equity team while continuing to build on our strong partnership with Dimension Energy,” said Alyssa Watt, Transaction Manager at NT Solar, now National Trust Energy Capital. “These development teams are doing incredible work in expanding accessibility to renewable energy across the country.”

“New Energy Equity’s collaboration with [NT Solar] through these latest solar investments demonstrates our shared commitment to increasing access to clean energy for residents of New York,” said Jackie Chambers, Chief Investment Officer at New Energy Equity, an ALLETE company. “It exemplifies the synergy needed to drive the renewable energy sector forward, and we’re excited about the positive impact our partnership will have on local communities and the environment.”

With a total aggregate capacity of 152.5 Megawatts (MW dc), National Trust Energy Capital’s recent investments will generate nearly 250 million kilowatt hours (kWhs) of renewable energy each year. Not only is this enough energy to power over 33,000 homes a year, these installations also play a crucial role in mitigating climate change by offsetting nearly 170,000 metric tons of carbon dioxide (CO2) emissions annually. These avoided emissions are equivalent to the amount of CO2 produced by burning 190 million pounds of coal or 19 million gallons of gasoline and would require over 200,000 acres of forest to offset naturally.

Inaugural Financing Through New Impact Investment Fund

The most recent financing in Dimension Energy’s portfolio was made possible through National Trust Energy Capital’s newest investor partnership and the newly established Renewable Investing Fund. The establishment of this fund and its successful application in financing Dimension’s multi-state portfolio underscore NT Solar’s role as a leader in renewable energy investing and its strengths in bringing together diverse partners to support impactful renewable energy and decarbonization projects across the country.

“We are immensely proud to have launched the new Renewable Investing Fund with the support of our new investor partner,” said Karin Berry, Managing Director of NT Solar, now National Trust Energy Capital. “This partnership is a testament to our solid track record of fund management and successful transactions, paving the way for future endeavors that will continue to set benchmarks in the renewable energy landscape.”

“As we step into this new era of growth under my leadership, our mission at [NT Solar] is front and center,” stated David Clower,  President & CEO of NTCIC and National Trust Energy Capital. “The demand for renewable energy solutions is at an all-time high, and we are actively expanding our fundraising efforts to meet the increasing demand from our robust pipeline of quality project sponsors. Our team is dedicated to fostering the development of projects that not only provide stable returns but also deliver tangible, positive impacts to communities nationwide. We invite partners to join us as we continue to innovate and lead in the renewable energy sector.”

About National Trust Energy Capital

About Dimension Energy

Dimension Energy is a leading developer, owner, and operator of turn-key community solar solutions, having deployed more than 400 megawatts and $400 million into clean energy assets since its founding in 2018. Dimension plans to invest an additional $2.5 billion over the next 5 years, with more than 2.2 gigawatts of projects currently under development across 11 states. Dimension fosters long-term partnerships with each community it serves, investing in local green job creation through workforce training programs and STEM education. For additional information about Dimension, please visit www.dimension-energy.com/

About New Energy Equity

New Energy Equity LLC, a wholly owned subsidiary of ALLETE (NYSE:ALE), develops, finances, operates, and manages solar power generation assets, providing clean electricity to commercial, industrial, municipal, and utility customers under long-term contracts. New Energy Equity has successfully developed over 500 megawatts of solar projects and closed more than $1.2 billion in clean energy investments. To learn more, visit: www.newenergyequity.com/

About Revity Energy

Revity Energy develops, constructs, and operates renewable energy generation facilities for the benefit of community partners. Our customer-centric approach gives us an intimate understanding of the needs of the communities where we develop projects, allowing us to offer tailored, effective energy solutions. To learn more, visit: www.revityenergy.com/

Yesterday, the Biden-Harris administration announced the EPA’s selections for $20 billion in grant awards through the Greenhouse Gas Reduction Fund (GGRF). GGRF, which was created under the Inflation Reduction Act, aims to provide “a national clean financing network for clean energy and climate solutions across sectors, ensuring communities have access to the capital they need to participate in and benefit from a cleaner, more sustainable economy.”

The National Trust for Historic Preservation and its subsidiaries, National Trust Community Investment Corporation (NTCIC) and Main Street America (MSA), along with partners at Smart Growth America, led a successful campaign through 2023 to ensure these funds could be used to support decarbonizing adaptive reuse projects in communities across America.

The GGRF allocation was awarded to several partners of the National Trust family of companies, all of which are actively working toward environmental and climate-related initiatives in disinvested communities. These partners include Appalachian Community Capital / Green Bank for Rural America, Climate United, The Coalition for Green Capital, and The Justice Climate Fund.

NTCIC’s President & CEO David Clower highlighted the significant financing opportunity that underscores the crucial role of adaptive reuse and preservation activities in decarbonization and climate resiliency, saying, “Over the past 25 years, NTCIC has been dedicated to delivering creative financing solutions to community and economic development challenges in underserved communities. At NTCIC, we recognize the need for additional capital resources to support community-based organizations investing in sustainable energy solutions. We are proud to see an example of our work—the historic Owosso Armory building in Owosso, Michigan—highlighted in the EPA’s press release.”

Even with the availability of federal and state Historic and New Markets Tax Credits, far too many developers find the costs of adaptive reuse projects prohibitive, particularly those located in historically disinvested communities. The availability of financing from the Greenhouse Gas Reduction Fund promises to offer a valuable and much-needed source of low-cost capital for these projects – helping ensure we can preserve our past while creating new sustainable spaces for the future.

Congratulations to the awardees for this historic achievement. We look forward to the incredible preservation and community development opportunities this funding program will support to address climate change concerns.

Dear friends and colleagues,

On behalf of the Board of Directors and the Search Committee, I’m excited to welcome David G. Clower as NTCIC’s newest President and CEO. This appointment comes at a pivotal moment as we approach our 25th anniversary, a time of both reflection on our past achievements and anticipation for the future.

David’s dedication to community service and his alignment with our organizational values were standout qualities during our comprehensive year-long search. As Terrian Barnes, Chair of the Search Committee, aptly noted, “David’s in-depth industry experience, as well as his understanding and respect for NTCIC’s successful history, position him as the perfect leader to drive our mission forward. We are confident that under David’s leadership, NTCIC will continue to reach impressive milestones and broaden its influence on communities nationwide.”

On behalf of the board and staff of NTCIC, I want to also extend our deepest gratitude to Suzanne Brown for her exceptional leadership as our Interim President and CEO during this transitional year. Since joining NTCIC in 2009, Suzanne has been an indispensable member of the team, most recently serving as our Managing Director, Finance & Administration. Her dedication and expertise have been instrumental in steering our organization through this period of transition.

As we welcome David Clower as our new President and CEO, we are equally thrilled to announce Suzanne’s well-deserved promotion to Chief Operating Officer. Her continued leadership and vision will undoubtedly be pivotal in NTCIC’s ongoing success and growth.

As we celebrate these exciting changes, I reflect with pride on the path NTCIC has traveled over the past 25 years. Our success in financing over 200 impactful investments and our ongoing advocacy for tax credit programs are a testament to the strength and dedication of our team. Under David’s leadership, we look forward to continuing this legacy of revitalizing communities, preserving our heritage, and fostering sustainable development across the nation.

Thank you for your continued support as we embark on this new chapter. Together, with David Clower and Suzanne Brown in their respective new roles, we are poised for even greater achievements in the years to come.

 

Warm regards,

Lauri Michel
BOARD CHAIR, NTCIC

WASHINGTON, DC, January 24, 2024 – The National Trust Community Investment Corporation (NTCIC), a subsidiary of the National Trust for Historic Preservation (National Trust) and a leading national Community Development Entity and tax credit syndicator, proudly announces the appointment of David G. Clower as its new President & Chief Executive Officer, effective February 20, 2024.

“We are thrilled to announce David Clower as the new President & CEO of NTCIC, following a meticulous and comprehensive year-long search,” stated Terrian Barnes, Chair of the Search Committee. “David’s deep industry experience and his steadfast commitment to community service align seamlessly with our organizational values and objectives. His understanding and respect for NTCIC’s successful history position him as the perfect leader to drive our mission forward.”

Bringing 30 years of experience in commercial and investment banking and community development finance, Mr. Clower is currently the Executive Vice President of Strategic Investments at the Raza Development Fund, the largest Latino-led, non-profit community development financial institution (CDFI) in the United States, where he previously served as Chief Investment Officer and Chief Credit Officer. In his current role, he is responsible for conceiving new strategic initiatives and designing, vetting, and commercializing innovative and scalable community development financial products and services, including the establishment of a mission-driven, third-party asset management platform.

“NTCIC’s amazing team of dedicated, mission-driven investment professionals have consistently delivered quality social outcomes and impressive earnings over time for investors,” said Mr. Clower. “As a board member, I’ve watched the company’s culture of teamwork and excellence in action and seen first-hand how its family values and core operating principles guide decision-making in ways that are aligned with my own. As NTCIC’s next leader, I’m excited to build upon the company’s stellar track record and work closely with the National Trust to further elevate our brand as we build stronger, more resilient communities together.”

David steps into this role as the third president of NTCIC, succeeding the foundational leadership of John Leith-Tetrault and the dynamic guidance of Merrill Hoopengardner. David joined the NTCIC board of directors in 2019 and, during his five-year tenure, has served as the Vice Chair of the Governing Board, Vice Chair of the Executive Committee, and as a member of the Investment and Audit, Finance & Risk committees.

“David Clower has been an integral part of our organization, serving on the NTCIC board for the past five years and most recently as the Board’s Vice Chair,” said Lauri Michel, Board Chair of NTCIC. “His leadership and insightful contributions to our investment activities have been invaluable. With his unique perspective gained from this role, David is exceptionally positioned to guide NTCIC into the future.”

David’s appointment marks a continuation of NTCIC’s esteemed tradition of professional excellence, deep industry expertise, and unwavering dedication to its mission as the organization nears its 25th anniversary. Under David’s leadership, NTCIC looks forward to a future of continued success, furthering its commitment to revitalizing communities, preserving our heritage, and fostering sustainable development across the nation.

About NTCIC

The National Trust Community Investment Corporation (NTCIC), a subsidiary of the National Trust for Historic Preservation, is among the most active tax credit syndicators and Community Development Entities in America. Founded in 2000, the organization supports the country’s architectural heritage, community development, and renewable energy initiatives through the provision of and investment in federal and state tax credits. Since its inception, NTCIC has successfully financed over $2 billion in tax credit equity in over 200 impactful investments across the country, supporting nearly $10 billion in development costs.

WASHINGTON, DC, September 22, 2023: National Trust Community Investment Corporation (NTCIC) is pleased to announce that we have been awarded $50 million in New Markets Tax Credit (NMTC) allocation authority by the CDFI Fund of the U.S. Treasury Department.

With this year’s award, NTCIC will deploy our historic preservation-based community investment strategy of saving and repurposing old, underinvested buildings across the country to spur economic growth and support vibrant communities. We will prioritize deploying our NMTC allocation to projects that:

• Rehabilitate historic buildings in the most economically distressed communities
• Create quality jobs that are accessible to low-income individuals and those with barriers to employment
• Support community facilities that provide healthcare, education/workforce training, or other social services that directly meet the needs of low-income individuals

Click to submit your NMTC-eligible project for consideration.

 

We wish to congratulate our fellow awardees and look forward to working with partners across the country to support underinvested communities that need access to capital to bring new life to historic community assets.

About the New Markets Tax Credit

This year’s $5 billion award is the second round made possible through the Consolidated Appropriations Act of 2021, which provided a five-year, $25 billion annual extension of the New Markets Tax Credit (NMTC), the largest extension in the history of the Credit. The NMTC faced expiration in 2020 after 20 years of success stories and strong bipartisan support. The extension ensured an annual $5 billion allocation round through 2025.

Since the inception of the NMTC program in 2000, NTCIC has deployed over $649 million in NMTC allocation across 100 high-impact rehabilitations. These projects have created over 35,300 permanent and construction-related jobs, provided over 2,100 units of housing, and revitalized over 13 million square feet of historic buildings. On an annual basis, our investments in health care, education, business incubation, and community service facilities currently support over 210,000 low-income community residents.

The NMTC program, established by Congress in December 2000, was designed to encourage investments in low-income communities that traditionally had poor access to debt and equity capital. Since the program’s inception, NMTC investments have supported the construction of over 250 million square feet of manufacturing, office, and retail space and have created over 1 million jobs.

To learn more about our New Markets Tax Credit investment process, click here.

This month, the Novogradac Journal of Tax Credit profiled younger leaders and rising stars in the community development space, including NTCIC’s Heather Buethe. Joining the company in 2018, Heather has directed transaction closing and asset management efforts for Historic Tax Credit (HTC) and New Markets Tax Credit (NMTC) investments and has facilitated nearly $2 billion in equity. Take a look at what Heather had to say about her journey through the community development and tax credit finance world.

Rising Stars: Novogradac Spotlights Younger Leaders in Community Development

Nick Decicco, Brad Stanhope, Novogradac

Playing competitive softball for nearly two decades shaped Heather Buethe’s approach.

“Playing softball, you can’t do it with just one person,” said Buethe (pronounced BEE-thee), the senior director of project and asset management at National Trust Community Investment Corporation (NTCIC), where she oversees the historic tax credit (HTC) and new markets tax credit (NMTC) project and asset management team. “I’m super competitive, but you can’t be successful in softball without having good teammates and you can’t do it without interacting with your team and building strong relationships.”

“It’s about working as a team and moving toward the same goal.”

Merrill Hoopengardner, who led NTCIC from early 2016 until last December, said she sees that connection.

“I would think her softball experience was very formative in the sense that even if you have a star player in one or two positions, you have to have everyone on the field meeting a minimum level of standards,” Hoopengardner said. “While she’s brilliant, she’s also humble in a way that she thinks first about how to bring other people’s expertise into it. She’s a good listener and will work with people in groups and in private settings to understand what others are thinking. I can definitely see playing college-level sports as a way to learn how to work with other high-powered people and to get the most out of each person.”

Softball lessons–along with an elite understanding of the financial and legal worlds–have guided Buethe through a career that involves work with law firms, a major financial institution, and now NTCIC.

“Heather is very good at what she does,” said Thomas Boccia, CPA, a partner in Novogradac’s Cleveland office. “She’s facilitating projects, troubleshooting, and when there are issues, coming in and understanding. She asks questions and helps. Heather gets it quickly and picks up things.”

Click below to read the full article and profiles of the rising stars of community development.

 

 

Washington, D.C. – May 23, 2023: National Trust Community Investment Corporation (NTCIC) is thrilled to announce the successful New Markets Tax Credit (NMTC) and Historic Tax Credit (HTC) investment to support the revitalization and expansion of the historic YWCA of Wheeling, West Virginia.

Since its establishment in 1906, the YWCA of Wheeling has been a beacon of progressive ideals and champion for equal access regardless of race, even amidst the Jim Crow-era laws of the early 20th century. With a mission of “eliminating racism, empowering women, and promoting peace, justice, freedom, and dignity for all,” the YWCA of Wheeling has been operating from this historic location, growing its programs, and continuing to support the women and families of Wheeling. However, the century-old building now requires essential repairs and upgrades to ensure the YWCA can continue its mission into the future.

“This building is steeped in over a century of helping meet women, families, and men where they are. Over the years, we have grown and morphed to meet the changing needs of the community, and in order to continue this hard work, we need to make changes to our historic Chapline Street location,” said Lori Jones, Executive Director of the YWCA Wheeling.

The YWCA currently serves 7,400 participants each year through a range of programs, including a non-treatment residential substance use recovery program, case management services, youth empowerment, a no-cost clothing and shoe bank for individuals and families, an emergency shelter, and support services for women and families experiencing domestic violence.

The renovation of the century-old YWCA of Wheeling building will enhance the quality of life for employees, residents, and community members and support an additional 1,200 women and families each year. Critical renovations include expanded and enhanced programming space, expanded and refreshed residential and shelter space, which will provide space for up to 55 women and families, new HVAC, and upgraded plumbing and electrical – all to ensure the YWCA’s sustainability in its mission to provide vital services for women and families in need.

NTCIC provided a $10 million NMTC allocation for the project and facilitated the investment of the $6.1 million in both state and federal HTCs generated by the revitalization efforts. The swift closing facilitated by NTCIC enabled the YWCA to begin construction promptly, limiting program disruption and enabling the organization to quickly expand its crucial services and provide a safe haven for women and families at risk.

“YWCA of Wheeling has provided life-saving services for so many over its history and serves as a beacon of hope and positive change for so many women and children,” said Kathleen Galvan, NTCIC Acquisitions Manager. “NTCIC is honored to play a part in supporting its mission and enabling this important organization to grow.”

In undertaking this project, the YWCA continues its long history of progressive action and service to the underrepresented members of the Wheeling community. The renovation of the YWCA facility not only preserves a piece of Wheeling’s history but also ensures that the building continues to function as a vital resource for women and families in the area. Click here to read more about the history of the building.

ABOUT YWCA OF WHEELING

Since 1906, the YWCA of Wheeling has provided services to individuals regardless of race, gender, age, or religion in the West Virginia Northern Panhandle, including Ohio, Marshall, Brooke, Wetzel, Hancock Counties, and Belmont and Jefferson Counties in Ohio.

 

HTC Advocacy Leaders Eye Upcoming Economic Package
as Marker for Bipartisan Tax Deal Later this Year

May 16, 2023: Despite national attention focused on the debt limit negotiations between House Republicans and President Biden, the Historic Tax Credit Growth and Opportunity Act (HTC-GO) is steadily gaining support from both Republicans and Democrats.

In March, Representatives Darin LaHood (R-IL) and Earl Blumenauer (D-OR) and Senators Ben Cardin (D-MD) and Bill Cassidy (R-LA) introduced HTC-GO (H.R.1785/S.639). The House and Senate bills include four permanent provisions that will add value to the Historic Tax Credit (HTC), improve access to the credit, and increase investment in smaller rehabilitation projects. The House bill also includes a provision that will temporarily increase the tax incentive amount to help address the significant challenges currently facing historic rehabilitation projects throughout the nation. Presently, the legislation has 20 cosponsors in the House and eight cosponsors in the Senate.

The House Ways & Means Committee is expected to mark up a partisan economic package soon, the scale of which remains to be seen. The bill will likely include individual and small business relief, an extension of certain expired tax provisions (e.g., bonus depreciation, deductibility of business interest and Research & Development expensing), and Inflation Reduction Act repeal. This package is expected to be voted upon by the full House as early as June.

DC advocacy coalitions are determining if community development improvements can be added to these discussions and be considered in the legislation. Democrats will not support many of the provisions and how the provisions are funded. This bill will serve as a Republican marker for possible future tax bill negotiations later this year. HTC advocates will continue to monitor these efforts to determine what legislative tax vehicle might come forward this summer and later this year. An abundance of Members of Congress demonstrating support for HTC-GO through cosponsorship will elevate HTC-GO’s chances of being considered in any year-end tax legislation.

Join us for HTC Lobby Day in DC on Wednesday, June 14th

The Historic Tax Credit Coalition is hosting its annual HTC Lobby Day in DC on June 14th. If you are a resident in any of the following states: AL, AZ, AR, CA, FL, ID, IN, IA, KS, KY, LA, ME, MS, MO, MT, NE, NY, NC, ND, OH, OK, OR, SC, SD, TN, TX, WV, WI, WY, please consider participating to voice strong support for HTC-GO provisions to be included in future moving tax legislation. Since June 14th is the day before many in the HTC industry are in town for the IPED Historic Tax Credit Conference, the Coalition anticipates a strong showing from the historic rehabilitation industry and Main Street and preservation advocates on Capitol Hill.

The Coalition will set up your meetings and provide educational materials, including maps and lists of projects for each state and congressional district. To allow most participants to fly in on the morning of the 14th, the Coalition will host a mid-morning breakfast briefing and then head to Capitol Hill between 11 am – Noon for an afternoon of meetings.

CLICK HERE for more details on upcoming HTC advocacy events!

Originally published by Silicon Ranch Corporation 

NASHVILLE, TENN (APRIL 11, 2023) – National Trust Energy Capital, previously NT Solar, a nationwide solar tax credit syndicator and investor, joined Silicon Ranch Corporation, Vanderbilt University, Nashville Electric Service (NES), and Tennessee Valley Authority (TVA) today to “flip the switch” on the Vanderbilt I Solar Farm, a 35-megawatt (MWAC) solar facility located in Bedford County, Tennessee.

National Trust Energy Capital, a subsidiary of the National Trust Community Investment Corporation (NTCIC) and an affiliate of the National Trust for Historic Preservation, provided syndication and investment services for the Solar Investment Tax Credits (ITC) generated by the development through their Climate Impact and Revitalization Fund. Karin Berry, Managing Director of NT Solar, now National Trust Energy Capital, and Suzanne Brown, Interim President of NTCIC, attended the event to share in the celebration. Read more about our investment here.

“[NT Solar] is delighted to be part of the Vanderbilt I Solar Farm project, a testament to the powerful synergy of community and renewable energy,” said Karin. “Our collaboration with Silicon Ranch Corporation embodies our shared dedication to bolstering local economies, fortifying communities, and restoring environmental health. This project not only brings renewable energy on a substantial scale but also opens up job opportunities, prioritizing local residents and the military veteran community. It truly illustrates the impact that strategic renewable energy initiatives can have on a community, and we are thrilled to play a part.”

“The Vanderbilt I Solar Farm not only represents a major step toward our own goals at Vanderbilt but also provides a model of collaborative, forward-thinking solutions that we hope other higher educational institutions will adopt and replicate across this country,” said Daniel Diermeier, Chancellor of Vanderbilt University. “We look forward to the educational and research opportunities this project and our pursuit of carbon neutrality will yield for our faculty and students at Vanderbilt. We thank Silicon Ranch, NES, and TVA for supporting us on this bold journey.”

“TVA is proud to dedicate the first project ever developed under our Green Invest program, and we are thrilled to do so with NES and Silicon Ranch,” said Justin Maierhofer, Regional Vice President at TVA. “Together with 153 local power company partners, TVA is building the energy system of the future, and Green Invest positions us to bring together customers and renewable energy partners who are investing in communities across the Tennessee Valley.”

“As one of the eleven largest utilities in the nation, NES is committed to listening to the needs of our customers, and the Vanderbilt I Solar Farm illustrates our ability to innovate in response to help our customers achieve their desired outcomes,” said Teresa Broyles-Aplin, President and CEO of NES. “NES is proud to collaborate with Vanderbilt, TVA, and Nashville’s own Silicon Ranch to reduce carbon emissions in our region.”

“Bedford County wishes to thank Vanderbilt, Silicon Ranch, NES, and TVA for making this substantial investment in our community possible,” said Chad Graham, Mayor of Bedford County. “We are pleased to welcome Silicon Ranch, who not only built this world-class facility, but also collaborated with the Shelbyville-Bedford Partnership to support our successful efforts to bring Duksan Electera here as well.”

About National Trust Energy Capital

About Silicon Ranch

Founded in 2011, Silicon Ranch is a fully integrated provider of customized renewable energy, carbon, and battery storage solutions for a diverse set of partners across North America. The company is one of the largest independent power producers in the country, with a portfolio that includes more than five gigawatts of solar and battery storage systems that are contracted, under construction, or operating across the U.S. and Canada. Silicon Ranch owns and operates every project in its portfolio and has maintained an unblemished track record of project execution, having successfully commissioned every project it has contracted in its history. Silicon Ranch has the largest utility scale agrivoltaics portfolio in the country under Regenerative Energy® its nationally recognized holistic approach to project design, construction, and land management. This model incorporates regenerative ranching and other regenerative land management practices to restore livelihoods and soil health, biodiversity, and water quality. In 2021, Silicon Ranch acquired Clearloop, which helps businesses of all sizes reclaim their carbon footprint with a direct investment in building new solar projects while helping to bring renewable energy and economic development to distressed communities. To learn more, visit siliconranch.com and clearloop.us.

About Tennessee Valley Authority (TVA)

The Tennessee Valley Authority is a corporate agency of the United States that provides electricity for business customers and local power companies, serving nearly 10 million people in parts of seven southeastern states. TVA receives no taxpayer funding, deriving virtually all of its revenues from sales of electricity. In addition to operating and investing its revenues in its electric system, TVA provides flood control, navigation, and land management for the Tennessee River system and assists local power companies and state and local governments with economic development and job creation.

About Vanderbilt University

Vanderbilt University is a globally renowned research university located in Nashville, Tennessee. Ranked No. 13 among national universities, Vanderbilt offers an immersive living-learning undergraduate experience, with programs in the liberal arts and sciences, engineering, music, education, and human development. The university also is home to nationally and internationally recognized graduate schools of law, education, business, medicine, nursing, and divinity and offers robust graduate-degree programs across a range of academic disciplines. Vanderbilt is committed to inclusive excellence, drawing the world’s brightest students, faculty and distinguished visitors from across all cultural and socioeconomic backgrounds, and provides a collaborative atmosphere of discovery that drives positive change in the world. Learn more at www.vanderbilt.edu.

About NES

Nashville Electric Service (NES) is the 11th largest public electric utility in the nation, distributing energy to more than 420,000 customers in Middle Tennessee. For more information, visit nespower.com or nespowernews.com.

Talking Points, Outreach Guides, and Resources for HTC-GO Advocacy

Now more than ever, advocates need your support to urge members of Congress to Cosponsor the Historic Tax Credit Growth & Opportunity Act (HTC-GO). To help, we have put together a collection of resources, outreach guides, and talking points to help you take action for the HTC-GO and help make this bill a reality.

History of the Historic Tax Credit

The federal Historic Tax Credit (HTC) is a critical community development tool used to encourage investment in the rehabilitation of historic buildings nationwide. Since the program’s establishment in 1976, the HTC has leveraged nearly $235 billion in private investment to preserve more than 49,000 historic properties and support more than 3.2 million jobs. 

Unfortunately, the value of the HTC has diminished over the past decade because of IRS rulings, administrative burdens, and other legislative changes. In an effort to expand and enhance this critical community development program, Congress introduced the Historic Tax Credit Growth & Opportunity Act (HTC-GO). It includes provisions that would encourage more building reuse and redevelopment nationwide and would be particularly impactful for small, midsize, and rural communities.

Learn About the Historic Tax Credit, Advocacy Efforts, and the HTC-GO

• Learn about the provisions within the HTC-GO: What is the Historic Tax Credit Growth & Opportunity Act?
• Connect with NTCIC and stay up to date on HTC-GO advocacy efforts: HTC-GO Advocacy Updates from NTCIC
• Meet other organizations in support of the bill: Preservation Organizations Support the HTC-GO.
• Check to see if your House or Senate representatives are already supporting the HTC-GO.
• Learn about successful Historic Tax Credit-supported projects in your area: Federal Historic Tax Credit Projects by State.

Take Action for the HTC-GO

• Search for local and political events or join a local political party’s email list to learn about events your members of Congress might be attending.
• Connect with NTCIC for assistance in obtaining the contact information of the scheduling office for your members of Congress.
• Invite your Representative to tour successful Historic Tax Credit-supported projects.
• Request cosponsorship through the National Trust for Historic Preservation’s E-Advocacy Tool.
• Utilize the suggested talking points below for your conversations with your members of Congress.

HTC-GO Talking Points & Advocacy Requests

• The number of historic preservation projects has significantly decreased over the past several years – by as much as 20%.
• In addition to skyrocketing costs of materials and labor and rising interest rates, the Historic Tax Credit – our country’s most powerful tool for preservation has lost power and value.
• Historic Tax Credits have lost value over the past ten years due to IRS revenue procedures and other recent federal policies.
• Pricing of the credits has dropped 20-25% over the last ten years.
• “Now is the time to strengthen the Historic Tax Credit to address the slowdown and challenges in rehabilitation projects across the country.”
• The HTC has not been positively modernized since 1986. In light of other federal investment tax credits being significantly enhanced recently, it is important to improve this incentive.
• “Would you please cosponsor House Bill H.R. 1785/Senate Bill S. 639 – The Historic Tax Credit Growth and Opportunity Act (HTC-GO) and work to include these provisions in year-end legislation?”
• The Historic Tax Credit Growth and Opportunity Act (HTC-GO H.R. 1785/S. 639) would bring more value to the credit, make more historic buildings eligible to use the HTC, further incentivize smaller projects and nonprofit projects, and make the credit easier to use.