In the article, Mr. Klingman examined the future prospects for the credits for New York City.

He wrote that the credits have played an important role in real estate development involving historic landmark properties located in New York City.

Mr. Klingman added that they are like­ly to play an even more important role as developers begin converting aban­doned City public schools into housing and, in some cases, combining the historic rehabilitation credit with the federal low-income housing tax credit.

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