For a project of benefit from historic tax credits (HTCs), a building must be considered a “certified historic structure,” a path that isn’t always simple.
While America’s love of the open road is legendary, it’s the utilitarian need to park our cars which has a greater impact when it comes to our buildings. While none of us were around, I’m sure one of the first questions after the awe of seeing Henry Ford’s Model T roll down Main Street was […]
Successfully navigating the historic tax credit (HTC) process quite often is the result of anticipating a project’s challenges. Nothing derails a schedule and budget more than being caught off guard by unexpected conditions tied to the Part 2 review, particularly ones that return the project back to basic design development.
Many historic tax credit (HTC) developments involve the construction of an addition onto a historic building to accommodate a proposed programmatic use. Construction of additions is often possible in a HTC project, so long as there is demonstrated need for an addition and provided the addition is designed in a manner that preserves the character of the historic building and is appropriate […]
Happy New Year and welcome to 2016! It’s that time of the year when we make and break resolutions; when we take stock of the developments of the past year and look ahead to those in the year to come. In the spirit of the New Year, it seems appropriate to provide an update regarding […]
If the owner of a recently acquired building wishes to pursue the 20 percent federal historic tax credit (HTC), but that building is also subject to local design review, what does it mean for the rehabilitation project? How will it affect the HTCs? There seems to be a myth that there is one all-encompassing historic design review, but nothing could be […]
Water power is as viable today as ever and is being reconnected to provide electricity on historic tax credit (HTC) projects involving mill buildings large and small, providing opportunities to re-establish historic hydropower technologies as a cost effective power source in HTC projects.
There is often wide disagreement about the significance of–and need to preserve–upper-floor corridors in historic tax credit (HTC) developments. Upper-floor corridors were frequently utilitarian in older buildings. They were formed of hollow clay tile with a flat plaster finish. Floors were often terrazzo, though sometimes marble, with a marble or wood base.
The notion of a historic rehabilitation generally conjures up images of Victorian late 19th-century or early 20th-century architecture. Many people don’t realize that buildings constructed as recently as 1965, or possibly more recently, may, in fact, qualify for historic tax credits (HTCs). Increasingly, HTC projects involve the rehabilitation of buildings constructed in the mid-20th century, […]
The National Park Service (NPS) historic tax credit (HTC) review process is often referred to as the 1-2-3 process, which makes one think that securing certification for a historic preservation rehabilitation project is easy as 1, 2, 3. First there’s a Part 1–Evaluation of Significance, followed by a Part 2–Description of Rehabilitation, and finished off […]
Heritage Consulting Group, a national leader in historic tax credit consultation, is pleased to announce the opening of its Austin, Texas office, effective June 1, 2015. This office will allow Heritage to improve service to its existing clients in the region. It will also help the company improve outreach and facilitate new business.
For some developers, it is not enough to renovate and update a historic building. Rather, they have a vision that links art, architecture and heritage. For some, history and architecture form the basis of interior design, typically expressed by using historic photographs along the corridor walls. Such is the case of the Palmer House in Chicago and the Netherlands Hotel in […]