States with historic rehabilitation tax credit programs have the potential to offer powerful economic incentives for residential building owners when combined with the federal program. 416 West 147th Street is one such example of how combining the state and federal programs can reap multiple benefits for a property owner. Designed in the Renaissance Revival style by architect Paul Franklyn Higgs between 1891 and 1892, 416 West 147th Street is part of a row of elegant, three-story row houses located in the Sugar Hill National Register District of Manhattan. GDPC's assisted the homeowner-landlord with completion of two three-part applications: one for the federal historic rehabilitation tax credit and one for the state homeowner tax credit. In doing so, GDPC was able to enable the property owner to capture 20% federal and 20% state tax credits for the rental portion of the row house, and 20% state tax credits for the owner-occupied portion of the row house.