The federal historic tax credit (HTC) incentive was established in 1979 and replaced a former incentive program that was in the form of an accelerated depreciation. The program as it is known now was largely the result of two subsequent acts of Congress in the 1980s. Read more here.
Heritage Consulting Group announced today that John Tess, its Founder, will retire on April 1, 2022, after 40 years of successfully leading the company. Mr. Tess, a pioneer in the Historic Tax Credit industry, built Heritage from a single office in Portland, Oregon in 1982 into one of the nation’s largest and most respected historic […]
in real estate development, there is a significant amount of work that goes into a development before a hammer is lifted. Find out more here.
Timing is everything. In real estate development, this phrase can be attributed to any number of moving parts that encompass each individual development. This saying holds even more weight for real estate development projects using historic tax credits (HTCs). Read more here.
Heritage Consulting Group, a national firm based in Portland, Oregon and Philadelphia, Pennsylvania, has opened its Midwest office in Madison, Wisconsin. Heritage is a leading advisor to owners and developers of older and historic buildings through the development process, helping them secure federal, state and local incentives. Read more here.
Throughout the 20th century, different iterations of landmarks housing legislation were passed that forever changed the built environment of cities and towns across the United States. Read more here.
Earlier this year, Blumenauer, alongside Rep. Darin LaHood, R-Illinois, introduced the Historic Tax Credit Growth and Opportunity Act (HTC-GO), which intended to provide relief to historic rehabilitation projects impacted by the COVID-19 pandemic. Read more here.
The effects of Hurricane Ida are still felt months later. Damaged caused by the flooding, heavy wind and rain, and tornadoes remains visible. Read about these damages affected historic buildings and the threat posed to historic buildings due to climate change.
An enduring challenge with historic tax credit- (HTC)financed properties is a high-wire act of balancing green building practices with opportunities to restore, preserve, reconstruct and rehabilitate existing structures. Read more about it here.
This past summer, the rehabilitation of the Ohringer Building in the small Pennsylvania town of Braddock was finished, culminating from decades of work by local advocates, politicians and developers to restore what the project’s developer Gregg Kander referred to as “Braddock’s Empire State Building.”
A timely article as the Ways and Means Committee prepares to markup its tax bill that includes the HTC-GO provisions. Read more about it here.
In early 2021, the finishing touches were put on the rehabilitated Bell Laboratories building in Holmdel, New Jersey. Completed using historic tax credit (HTC) equity, the project, which focused on adapting the former research and development facility into a mixed-use complex, took approximately seven years to complete and encompassed the entirety of the nearly 2-million-square-foot […]
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