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The Historic Theatre Financing Fund helps groups rehabilitating historic theatres access federal and state tax credits and convert these credits into equity (cash) to help finance the rehabilitation project. The equity can actually be used for a number of purposes, from defraying construction costs to creating an operating reserve. In most instances, though, the equity from tax credits is invested in the theatre’s rehabilitation, reducing the amount of money that needs to be raised through debt financing and/or traditional fundraising.

In 2004 the League of Historic American Theatres with the National Trust Community Investment Corporation launched the Historic Theatre Financing Fund, making millions of dollars in equity investments available to League members for theatre rehabilitation. There are a number of technical requirements imposed by the Internal Revenue Service, National Park Service, and the Fund’s equity investor in order to obtain the tax credits and convert them to equity. The HTFF helps streamline this process by providing basic information and guidance on the overall process to its members and helping them gather the basic information that will be needed by the tax credit equity investor.

In addition to providing information and guidance on the tax credit investment process, HTFF also brings theatre groups together with representatives of the National Trust Community Investment Corporation to pursue equity investments by the Fund’s tax credit equity investors.

For more details, click here to download the program overview and FAQ sheet.

If you are interested in exploring the Historic Theatre Financing Fund further, please contact LHAT. .