Most historic tax credit (HTC) projects involve overcoming one or two challenges, but a special few require surmounting higher hurdles. The High Rise Apartments in Great Bend, Kansas is a recently completed HTC+LIHTC project by Shreveport-based Housing Solutions Alliance, LLC (HSA) that is a testament to how navigating the challenges of the HTC process can […]
The Latest: March 2024
In this month’s issue: Detroit Apartment Rehabs, Due Diligence Services, NPS Consultant Webinars, Supporting Illinois Preservation
Resiliency in Detroit’s Jefferson Chalmers Neighborhood
Historic tax credits provide significant benefits to projects but come with challenges. Architectural review, increased costs, and scheduling delays can often impact a development. One particular HTC project in Detroit was put to the ultimate test as it pushed toward completion in late 2023.
The Human Side of HTCs
This month’s Novogradac Journal of Tax Credits Tool Box article emphasizes how putting residents at the center of rehabilitations like that of Parkside Neighborhood Preservation in Philadelphia is paramount to the success of the project itself.
The Latest: January 2024
In this month’s issue of the Latest: State HTC Look Ahead, Legacy of Senior Housing in Milwaukee, Rehabbing Affordable and Public Housing
Legislative Progress on State HTCs Highlights Ongoing Value of Incentive
Among the most commonly used and perhaps the most important tool in the historic tax credit (HTC) toolbox is the ability to twin the 20% federal credit with the various state HTCs. In most states, this additional incentive can provide on average 20%-25% of state HTCs that can be used in tandem with the federal […]
Historic Tax Credit Industry Updates
In this month’s article, we sit down with Patrick Robertson of Confluence Government Relations to discuss the status of the Historic Tax Credit Growth and Opportunity Act (HTC-GO) at the end of 2023.
The Latest: November 2023
In this issue of our monthly eBlast: Laying the Groundwork for HTCs, Celebrating Historic Iowa Hotel, New Team Member
Case Study: Landmark Place in Kingston, NY
An article from Tax Credit Advisors about Heritage’s project Landmark Place. Heritage worked with developer RUPCO to secure historic tax credit approvals to rehabilitate the historic Italianate building into affordable housing with supportive services for seniors.
Laying the Groundwork for HTCs
Using the rehabilitation of of Carolyn Mosby Senior High Rise, also known as Mosby Tower, a public housing building in Gary, Indiana, as an example, this month’s Novogradac Journal of Tax Credits Tool Box article outlines the advanced preparation that is often required for HTC projects involving public housing.
The Latest: October 2023
In this issue of our monthly eBlast: Twinning Incentives, Chicago Bank is Listed, 2023 HTC Conference, New Heritage Logo
Philadelphia’s 4601 Market Development: An HTC/NMTC Success
This month’s Novogradac Journal of Tax Credits Tool Box article examines how the rehabilitation of the former Provident Mutual Insurance Company Building overcame financial hurdles by pairing historic tax credits (HTCs) and new market tax credits (NMTCs).