Mark Fogarty • 8 min read
The revitalization of Downtown Toledo was one of the big aims of ProMedica’s $60 million revamp of an old steam plant there, a project which received both State and Federal Historic Tax Credits. It seems to be working, as apartments in the district now have become the hottest ticket in the city.
Mark Olshaker • 7 min read
“Given the need for more Affordable Assisted Living, Wallick Communities decided to bring its 50 years of affordable housing expertise together with its 30 years of assisted living experience to create The Ashford: our Affordable Assisted Living community.”
Mark Olshaker • 7 min read
“There are things that are planned, and then there are the calls in the middle of the night,” is the way Kevin Rose describes his role as director of asset management for the Wishrock Group, the Portland, ME-based company that specializes in preserving affordable and workforce housing apartment complexes.
Mark Olshaker • 11 min read
On the morning of Friday, November 15, 2013, a 150-person combined force of the Detroit Police Department and SWAT team, Michigan State Police, the state department of corrections, the FBI and ATF executed a raid on the Colony and Fisher Arms Apartments at 9303 East Jefferson Avenue, on Detroit’s east side.
Bendix Anderson • 7 min read
There’s a reason the Arcade Building stood empty for more than 30 years. Bringing the landmark back to life took more than a dozen separate funding sources.
Bendix Anderson • 5 min read
In April 2015, Brian Swanton got a message from the U.S. Department of Housing and Urban Development (HUD). Federal officials questioned whether his plan to redevelop public housing in Maricopa County, Ariz., would violate the Fair Housing law by concentrating poverty in a low-income neighborhood.
Glenn Petherick • 4 min read
Boston-based WinnCompanies has cut its electric bill for common areas by 25% at Loft 27, a 173-unit apartment building, as the result of efficiency retrofit and solar projects completed in 2012. The apartment development was created from the adaptive re-use of an historic former mill.
Glenn Petherick • 5 min read
R Street Apartments, a collection of 130 apartment units in five historic low-rise buildings, is an example of a situation where an initial green retrofit project doesn’t have to be the end-all and be-all. Rather, new upgrades a few years later can reap additional utility cost savings.
Caitlin Jones & A. J. Johnson • 5 min read
Tax Credit Advisor August, 2006: Thanks to an enhanced use lease, a group of Department of Veteran Affairs buildings in Kansas that had been headed for demolition are now being converted into affordable rental housing.
Caitlin Jones & A. J. Johnson • 8 min read
Tax Credit Advisor July, 2006: Mixed-use development can pose many challenges. Those challenges typically begin with the complexity and high cost of these projects, and their long timelines. There is also the pressure to bring in commercial as well as residential tenants, and the special issues of addressing the needs of a multitude of different stakeholders.
Caitlin Jones & A. J. Johnson • 6 min read
Tax Credit Advisor May, 2006: Increasingly, historic rehabilitation projects are funded with a combination of New Markets (NMTCs) and Historic Tax Credits (HRTCs). But as these deals have become more commonplace, they have also grown more complex, with developers striving to combine NMTCs and HRTCs in creative ways to help finance projects that might not have otherwise been economically feasible.
Caitlin Jones & A. J. Johnson • 7 min read
Tax Credit Advisor March, 2006: For developers, large mixed-use projects pose special challenges. These challenges become even more daunting when the projects involve an adaptive reuse funded with Historic Rehabilitation Tax Credits (HRTCs).