This month’s Novogradac Journal of Tax Credits Tool Box article discusses a recently-completed Historic Tax Credit (HTC) project in Galveston, Texas. Sandpiper Cove, a historic affordable housing complex on the northern edge of the city, had no protection from rising waters from the nearby Galveston Channel during 2008’s Hurricane Ike. After acquiring the property, ITEX Group embarked […]

Baltimore Pumphouse, Art Deco Apartments in Tulsa, and more

This month’s Novogradac Journal of Tax Credits Tool Box article tells the inspiring story of China Boak Terrell, a former corporate attorney who pivoted to nonprofit economic development in Baltimore. Now the CEO of American Communities Trust (ACT), Terrell is leading the charge to rehabilitate the Baltimore Pumphouse complex into a center for commercial and community activity. […]

Heritage Consulting Group is pleased to announce the acquisition of Rosin Preservation, a premier historic preservation consulting firm based in Kansas City.

In this month’s issue:  New Life for Vacant Office Buildings; Affordable Housing in Galveston, and more

In this month’s Historic Tax Credit Tool Box article in the Novogradac Journal of Tax Credits, we highlight a common conundrum in today’s real estate market: What to do with underutilized office buildings. In the wake of the COVID-19 pandemic, which drastically increased the rates of remote work, former office buildings are candidates for new uses. […]

In this month’s issue: A Handsome Retreat in the Hudson River Valley, Augusta, Maine’s Downtown Revival, and expansion in our South Office

In this month’s Novogradac Journal of Tax Credits Tool Box article, we discuss the historic Rest Haven retreat house, which was built around 1903 as a place of retreat and respite for the blind and visually impaired, with ties to nationally renowned advocate Helen Keller. Rest Haven was a prime candidate for historic tax credits […]

In this month’s issue: New Formalist High Rise in the Midwest, Historic Hotel in Michigan, Proposed PA State Credit Increase, Preservationists Gather in Texas

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 […]

In this month’s issue: Detroit Apartment Rehabs, Due Diligence Services, NPS Consultant Webinars, Supporting Illinois Preservation

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.