Mountain pond scene at sunset. (Taken from Unsplash, shot by Colin Lloyd)

Who We Are

About Us

Tax Credit Exchange

The Tax Credit Exchange (TCE), run by attorneys Strugar and Pentz, offers expertise and seamless transaction support to help landowners confidently navigate the complexities of Credit eligibility, certification, and transfer. TCE advises on meeting state standards, completes certification applications, covers some transaction fees, secures Credit buyers, drafts agreements, executes transfers, and disburses funds. Contact us or register online for project support and to secure an early priority date for transferring your credits.


Conservation Resource Center

The Tax Credit Exchange (TCE) is a program of the Conservation Resource Center (CRC). CRC is a Colorado nonprofit that promotes voluntary private land conservation to preserve Colorado landscapes. CRC is run by attorneys with over 40 years combined land conservation experience. In addition to running TCE, CRC works to protect Colorado landscapes, promote legislation expanding private land conservation incentives, and offers a limited number of small grants and sponsorships to landowners and land trusts working with its programs. To accomplish its goals, CRC partners with landowners, land trusts, conservation investors, and other highly skilled land conservation professionals. CRC staff speak at local, state, and national conferences and participate in state and federal working groups as requested. Contact us to schedule a pro bono workshop or presentation for your community.

Our Team

Mike Strugar

Mike Strugar | Director

Mike is a real estate and land conservation attorney. He received both his Law Degree and his Masters of Natural Resource Management from the University of Michigan. A former partner at the Law Firm of Holmes Roberts & Owen, in 1993 Mike established the Conservation Resource Center. In 2000, he worked to establish the nation’s first exchange for transferring conservation tax credits. Later, he established similar programs in Virginia and New Mexico. Mike has taught at the University of Denver School of Law as Adjunct Professor of Land Conservation Law and speaks at local, state and national land conservation workshops and conferences.

If you have questions or would like Mike to speak at an upcoming conference, contact Mike at 303-818-3952.

Debra Pentz

Debra Pentz | Co-Director

Debra Pentz co-founded the Conservation Resource Center and was instrumental in CRC’s development of the Tax Credit Exchange in response to requests by landowners and the land conservation community to establish a credit transfer market. She has served at CRC in staff and Board capacities since 1999. Debra received her law degree from the University of Colorado and has worked as Open Space Program Manager for Great Outdoors Colorado, President of the Colorado Coalition of Land Trusts (now Keep It Colorado), Program Manager for the City of Boulder Office of Environmental Affairs, Adjunct Professor of Environmental Policy at Fort Lewis College and as an instructor for Boulder Valley Public Schools.

Contact Debra at 303-818-4390.

Our Impact

Tax Credit Exchange attorneys Strugar and Pentz created the nation’s first tax credit transfer market in 2000 and since that time have:

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