As construction costs continue to challenge affordable housing developments, HTCs are becoming an increasingly valuable financing tool. In this month’s Novogradac Journal of Tax Credits, Heritage President Cindy Hamilton examines how one developer used HTCs to generate more than $260 million in equity for the rehabilitation of Edenwald Houses in the Bronx, a historic public housing community—illustrating how preservation incentives can strengthen capital stacks while creating high-quality housing for generations to come.