With the 2017 tax cuts set to expire, this is a great opportunity to update the historic tax credits. While it has been a valuable community revitalization tool for over 40 years, the HTC has not been modernized since 1986. The Heritage team has committed to working closely with the Historic Tax Credit Coalition to help raise awareness among the decision-makers in DC about the value of the historic tax credit and the need to update the program to restore its value and make small projects easier to complete. 

Join us in supporting the 1000 Actions in 100 Days #RehabtheHTC campaign. The goal is to contact as many legislators as possible through email, phone calls, and social media to encourage their support for efforts to update the HTC as part of the new tax legislation.  Follow the link below to sign up and receive updates on how you can take action too. 

Together we can ensure that the historic tax credit program continues to support economic development on our Main Streets and in our urban cores, creating jobs, putting buildings back into productive use, and reusing our history. 

FEATURED ARTICLE

Strong Advocacy Saves the Louisiana State Historic Tax Credit

In this month’s Historic Tax Credit Tool Box article in the Novogradac Journal of Tax Credits, we discuss the recent threat to the Louisiana state historic tax credit and the advocacy efforts led by industry stakeholders in the Louisiana Historic Tax Credit Coalition. Thanks to their tireless work, the Louisiana HTC has been saved. Pictured above is the Aloft Hotel in New Orleans' Central Business District, a historic tax credit rehabilitation of a 1962 office building. Heritage is thrilled to be a part of past and active projects across Louisiana.

Fort Monmouth in Oceanport, New Jersey is undergoing a massive redevelopment, and when completed will add over 1,500 housing units, 300,000 square feet of non-profit, civic, government, and educational use, 500,000 square feet of retail, and over 2 million square feet of office and research space, to an historic army base and its surrounding land. Most importantly, redevelopment will also create 10,000 permanent jobs. The historic base contains 118 buildings and structures situated around a large parade ground, dating from 1927-1940. All buildings within the Fort are designed in the Colonial Revival style, which had a resurgence in popularity at the time due to its nostalgic reference to buildings of the 19th century and Revolutionary War. With Heritage's expertise in HTCs, Scriven Hall and Gardener Hall (two Bachelor Officers' Quarters) were recently converted into much-needed affordable housing. We're honored to have been a part of this hugely impactful project for New Jersey.

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