At first glance, rehabilitating a historic hotel using historic tax credits (HTCs) for continued use as a hotel seems straightforward. However, these projects can pose a variety of challenges due to the ever-changing needs of modern hotels. There can be a mismatch between old hotels and new hotels when it comes to the provision of services, […]
The notion of a historic rehabilitation generally conjures up images of Victorian late-19th century or early 20th century classical architecture. Read Full Article Here
Rehabilitation developments often use both the federal historic rehabilitation tax credit (HTC) and the low-income housing tax credit (LIHTC) to meet the bottom line while still providing quality affordable units.
At first blush, property ownership seems like a simple issue. Read Full Article Here
Historic Rehabilitation Opportunities for Public Housing: A Q&A with HUD Federal Preservation Officer Nancy E. Boone
The development of any society is often reflected in the resulting built environment. Read Full Article Here
Over the years, twinning the federal Historic Tax Credit (HTC) program with low-income housing tax credits (LIHTCs) has become a common approach to preserving and revitalizing aging public housing complexes. Read Full Article Here
Windows are an integral component of a building’s exterior, which visually organize a façade and gracefully recede into and complement a building’s structure. Read Full Article Here
A common misconception about historic tax credit (HTC) rehabilitation projects is that the state historic preservation office (SHPO) and National Park Service (NPS) only have purview over exterior work, when in reality, interior design is a critical component in the review process, which may lead to approval or denial. Read Full Article Here…
Adapting historic buildings for new uses in a historic tax credit (HTC) development often hinges on the ability to find a compatible use, so what happens when a school needs to undertake an adaptive reuse project on a historic building that was not previously used as a school? Read Full Article Here..
The reality of the real estate market is that it is cyclical. And as experienced in the past decade, the cycle down can be rapid– in some cases stopping a development before it begins. Now that the market is warming again, developers are looking to complete these partially completed developments. This cycling presents both opportunities […]
What happens when you instinctively know a building is significant, but the history is largely unknown? While a developer may feel a building is historic, unless significance is established, a building will not be eligible for the historic tax credits (HTCs). Establishing the historic and/or architectural significance of a building is the first step in […]
As we know, to qualify for historic tax credits (HTCs), a project must be a certified rehabilitation of a certified historic building. One common path for certifying a building as historic is to individually list it on the National Register of Historic Places, a rigorous and time-consuming process. Even in seeking preliminary determinations, this process […]