FEATURED ARTICLE

A Look at the Year Ahead: Navigating Opportunity and Uncertainty in HTC Legislation and Historic Preservation Policy

In the February 2026 Historic Tax Credit Tool Box article of the Novogradac Journal of Tax Credits, Cindy Hamilton takes a practical look at what’s ahead for the Historic Tax Credit (HTC) world in 2026. While Congress hasn’t yet rallied around a tax package or moved the HTC Growth and Opportunity Act forward, there’s still steady bipartisan interest—and ongoing advocacy from the HTC Coalition—keeping momentum alive. From possible IRS guidance and Section 106 updates to Historic Preservation Fund uncertainty and agency staffing shifts, the year may feel unsettled, but the message is clear: stay flexible, stay engaged and use this moment to plan, advocate and position your projects for what could be a pivotal stretch ahead. Click below to read the full article.

The historic Gunter Hotel in downtown San Antonio, a beloved landmark built in 1909 and listed on the National Register of Historic Places, has received Part 3 approval for its rehabilitation into a boutique Marriott Tribute Portfolio property. This $50+ million renovation leveraged federal and state HTCs as a critical component of the capital stack, ensuring economic feasibility as part of the the broader redevelopment effort. Led by Axle Capital Group, the rehabilitation celebrates the hotel’s original Beaux‑Arts architectural style, preserving its classic character while modern touches were added throughout.

Heritage Consulting Group navigated the HTC process for the Gunter's rehabilitation. We’re thrilled to have played a role in bringing its historic charm back to life and supporting this exciting transformation in downtown San Antonio.

This is part of a series highlighting Heritage Consulting Group projects in celebration of America's semiquincentennial. Our work in commercial real estate unites our love of history and architecture with building reuse. Our best projects uncover fascinating facts about the buildings we are working on and the communities that they are part of. Let's celebrate #America250 together through the lens of historic preservation.

Housing, affordable housing in particular, is a constant theme running through Heritage projects. Our clients use historic tax credits to create new housing and to refurbish existing housing. Many of these projects involve properties owned by public housing authorities. To date we’ve worked on dozens of projects with the New York City Housing Authority (NYCHA) alone, affecting tens of thousands of individual apartment units. Project Manager Erin Wiser was particularly moved by her work with the Rangel Houses (originally the Colonial Park Houses) in the Washington Heights neighborhood of Manhattan. Click below to read the full article.

Please join us in welcoming Valerie Lorenz to the Heritage team! Valerie leads the daily operations of our Philadelphia office, ensuring seamless coordination across projects while providing vital administrative and strategic support to our team. She brings with her a dynamic background in office management, strategic planning, and client service, along with a reputation for organization, initiative, and thoughtful leadership.

Originally from Minnesota, Valerie combines Midwestern warmth with a sharp operational mindset. Her passion for travel and history makes her a natural fit at Heritage, and she’s excited to immerse herself in all that the East Coast has to offer.

We’re thrilled to have her on board.

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