This past summer, the rehabilitation of the Ohringer Building in the small Pennsylvania town of Braddock was finished, culminating from decades of work by local advocates, politicians and developers to restore what the project’s developer Gregg Kander referred to as “Braddock’s Empire State Building.”
An enduring challenge with historic tax credit- (HTC)financed properties is a high-wire act of balancing green building practices with opportunities to restore, preserve, reconstruct and rehabilitate existing structures. Read more about it here.
The effects of Hurricane Ida are still felt months later. Damaged caused by the flooding, heavy wind and rain, and tornadoes remains visible. Read about these damages affected historic buildings and the threat posed to historic buildings due to climate change.
A timely article as the Ways and Means Committee prepares to markup its tax bill that includes the HTC-GO provisions. Read more about it here.
In early 2021, the finishing touches were put on the rehabilitated Bell Laboratories building in Holmdel, New Jersey. Completed using historic tax credit (HTC) equity, the project, which focused on adapting the former research and development facility into a mixed-use complex, took approximately seven years to complete and encompassed the entirety of the nearly 2-million-square-foot […]
In the mid-2000s, initial work began on the rehabilitation of the former Colt Armory and manufacturing complex in Hartford, Connecticut. After 15 years and three separate historic tax credit (HTC) projects, the 17-acre site consisting of eight-rehabilitated buildings was officially completed. Read more here.
When the Sinclair building opened its doors for business in 1930, the 16-story Art Deco office building was a pioneer in bringing modern 20th-century amenities to Fort Worth, Texas. Read more about it here.
Main Street is a major component of commercial life in America. The new legislation encourages the rehabilitation of these buildings to revitalize our Main Streets and add new chapters to their stories.
HTCs and NMTC serve as excellent complements to one another, seeking to accomplish shared goals and providing flexibility in funding to developers that pair them. Read the full article here.
In many of the more than 8,700 opportunity zones (OZs) in the US, historic buildings or buildings that are potentially eligible for historic designation, are ripe for development. This article features Interviews with three experts who are versed in paring OZs and HTCs. Read the full article here.
Last November, we conducted the first in an interview series with Patrick Robertson of Confluence Government Relations, who leads the Historic Tax Credit Coalition (HTCC) government relations effort.
Constructing Workforce Housing utilizing HTCs provides developers the opportunity to close the financing gap while maintaining rent requirements. Read more here.