Case Study

45L Case Study: DDA Development

    • May 10, 2024
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About DDA

DDA Development is a fully integrated real estate development company with capabilities in development, investment, finance, asset management, and construction. Based in Tampa, Florida, the firm focuses on developing multi-family residential properties, high-end condominiums, and commercial properties, primarily in the Tampa Bay region.

Details Of Their Qualifying Building

Developed by DDA Development, The Heights at Gracepoint is a three-story building with 55 units. Seventy percent of the units are reserved for people with disabilities or residents who are 65 and older. Throughout this building, DDA installed LED lighting with motion sensors, an excellent building envelope, and a great HVAC system, making this project a perfect candidate for the 45L Tax Credit. When we did the field inspection, the building was nearly brand new, overperforming IECC 2006 standards, and had been placed into service in 2020.

The Benefit

DDA was able to claim a substantial credit by building 64 units to meet the energy efficiency criteria specified in the §45L Tax Credit. This tax credit represents a significant financial benefit of $128,000 at $2,000 a unit and direct savings on their tax liability.

The highlights of working with Leyton were great communication, easy-to-understand process/schedule, and overall professionalism from all team members. I learned about 45L’s applicability in connection with our recently completed Green Certified apartment community. This particular Tax Credit only enhances the overall benefits from Sustainable, Green Development.

John Schilling, Manager/Principal DDA DEVELOPMENT

Are you a builder, developer, or contractor? Talk to our team to see if you qualify.

Our in-house team of highly experienced scientists, engineers, tax consultants and attorneys would love to answer all your questions.

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