In this episode of Monarch Perspectives, host Blair Williams, Director of Historic Tax Credits at Monarch Private Capital, sits down with Monarch co-founder George Strobel to explore the fundamentals of Federal Historic Tax Credit (HTC) investing.

George discusses the types of investors Monarch serves, including institutional investors, family offices, and high-net-worth individuals, as well as the various fund structures available to meet different investment objectives. He also explains Monarch's role as a fund manager, from sourcing and underwriting transactions to asset management and investor reporting.

The conversation covers key considerations for investors, including the accounting treatment of HTC investments under the Proportional Amortization Method (PAM), the differences between direct and lease pass-through investment structures, and the predictable, tax-driven returns these investments can generate.

Beyond the financial benefits, Blair and George highlight the broader impact of historic tax credit investing, demonstrating how private capital helps preserve historic buildings, revitalize communities, create jobs, and support economic development across the country.

Topics Covered:

• Federal Historic Tax Credit investing fundamentals
• Investor types and fund structures
• Direct vs. lease pass-through investments
• PAM accounting treatment
• Risk, returns, and tax benefits
• Community revitalization and economic impact
• The role of a tax credit fund manager

For additional information, visit Monarch Perspectives Podcast.

In this episode, Steve and Rick are joined by Josh Mandell, President & COO of The Gateway Companies, to delve into the dynamic landscape of the LIHTC (Low Income Housing Tax Credit) industry. From new developments to stabilized projects, explore market trends, pricing predictions, and policy impacts on affordable housing. Uncover Gateway's decision-making process and gain insights into the state of the market and current issues.

For additional information, visit Monarch Perspectives Podcast.

Rick and Steve explore the dynamic evolution of corporate sustainability in this insightful podcast. Joined by Melanie Frontczak, Monarch’s Director of ESG & Tax Credit Investments, they delve into ESG landscape changes, trends in 2023, and the risks of 'greenwashing.' Discover how tax equity investments, validated by third parties, contribute to sustainable goals. Hear about future trends like environmental and social impact metrics, innovative financial instruments, and more!

For additional information, visit Monarch Perspectives Podcast.