Services Offered by
Pioneer Group, Inc.
Putting Together the Development Team
- Smaller Projects - Little or No Team Needed - Just Do It
- Larger Projects - Let Pioneer Group, Inc. show you how we can help
Development Team
- Developer (Property Use & Team Coordination
- Architect
- Construction Contractor(s)
- Third Party Reports
- Appraiser
- Surveyor
- Environmental Services (asbestos, PCB, etc.)
- Historic Consultant (nomination filing; tax credit app.)
- Legal Counsel (contracts, organization structure, etc.)
- Financial Package
- Smaller Projects - A Few Opportunities For Financial Assistance
- Larger Projects - A Lot of Opportunities For Financial Assistance
- Potential Sources:
- Personal Wealth/Fundraising - Grants
- Tax Credits
- Construction Financing
- Permanent (longer-term) Financing
- $6 Million Fictitious Construction
- Estimate $5 Million = Historical Basis
- Federal Tax Credit - ($5 Million x 20% x $0.90) $900,000
- State Tax Credit - ($5 Million x 25% x $0.85) $1,062,500
- Total Tax Credits = $1,962,500 - 32.7% of $6 Million
Combining Tax Credits (Example)
- $6 Million Fictitious Construction
- Estimate $5 Million = Historic & Housing Basis
- Historic Tax Credits = $1,962,500 - ($5 Million x Fed 20% x $0.90) $900,000
- ($5 Million x State 25% x $0.85) $1,062,500 - Housing Tax Credit = $1,700,000 - ($5 Million x 4% = $200,000 x 10 yrs x $0.85)
- Total Tax Credits = $3,662,500 - 61.0% of $6 Million