FEATURED ARTICLE 
HTC-GO Act Reintroduced in Congress
The Historic Tax Credit Growth and Opportunity (HTC-GO) Act was reintroduced in both houses of Congress. At the end of 2022, a previous iteration of HTC-GO reached new heights in the Senate and House of Representatives, gaining the bill’s highest levels of support. The 2023 version of the bill maintains the key provisions of last year’s bill, including: a 30% increase in the credit for smaller projects, a basis adjustment elimination, a decrease in the substantial rehabilitation test threshold, and an increase in eligibility of historic properties. HTC-GO is regaining bipartisan support in both houses.

In this month’s Novogradac Journal of Tax Credits Tool Box Article, we continue our ongoing interview series with Patrick Robertson, who oversees the Historic Tax Credit Coalition’s (HTCC) legislative lobbying efforts. Pictured are members of the HTCC, including Heritage President Cindy Hamilton (second from left), advocating for HTC-GO on Capitol Hill earlier this month.
PROJECT SPOTLIGHT 
Heritage Scores a Hat Trick at Preservation Awards
Heritage was honored to be part of the teams recognized for three awards at the 2023 Preservation Alliance for Greater Philadelphia's Preservation Achievement Awards:
 
The Witherspoon Building (left) won the Economic Impact Award. The former office building was rehabilitated by SSH Real Estate for short term stay apartments.
 
The Brigadier General Hazel Johnson Brown Veterans Center (top right) won a Grand Jury Award. The former school was rehabilitated by HELP USA into apartments for low-income seniors.
 
Poth Brewery Lofts (bottom right) won a Grand Jury Award. The former brewery complex was rehabilitated by MM Partners into loft apartments.
HTC NEWS
Heritage on Capitol Hill: Advocating for Clients and HTC Projects
This month, Heritage and other industry leaders gathered in Washington, D.C. for Lobby Day, hosted by the Historic Tax Credit Coalition. On Lobby Day, stakeholders advocate for expanded historic tax credit legislation. Heritage participated in meetings with elected officials in both the House and Senate to demonstrate the impact of historic tax credits on projects across the country. Vice President Nick Kraus (left) met with Representative Dwight Evans (D-PA, pictured at center right), among others, to encourage co-sponsorship of the new iteration of the Historic Tax Credit Growth and Opportunity Act (HTC-GO). Ask your representative and senators to co-sponsor HTC-GO to ensure the passage of this important legislation.
TEAM UPDATE
Welcoming Scott Doyle, Veteran Preservationist & Public Service Standout
We are delighted to welcome Scott Doyle to the Heritage team! Scott comes to Heritage with decades of experience, having worked as a historic preservation specialist at the Pennsylvania State Historic Preservation Office reviewing historic tax credit projects. At Heritage, Scott advises owners and investors on navigating the regulatory review process to secure historic tax credits.

Earlier this month, Scott received the Public Service Award for his service to the Commonwealth at the 2023 Preservation Alliance for Greater Philadelphia's Preservation Achievement Awards! Heritage joins the Pennsylvania preservation community in congratulating Scott on his well-deserved recognition. We are proud to call him a friend, colleague, and team member.
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