TEAM UPDATE

Insights from the Texas Housing Conference

Lisa Wogan and Haley Wilcox were thrilled to attend the Texas Housing Conference in Austin last week, along with more than 2,000 affordable housing professionals. The conference reinforced what we're seeing across the country: affordable housing demand continues to outpace supply, and creative financing tools are more important than ever. Conversations centered on new opportunities created by the 21st Century ROAD to Housing Act, the evolving Opportunity Zones program, and the continued importance of public-private partnerships. For Heritage, the conference underscored how Historic Tax Credits (HTCs) can complement LIHTC and other funding sources to bring new life to historic buildings while expanding the supply of affordable housing in communities across Texas and beyond. We look forward to continuing the conversation.

As construction costs continue to challenge affordable housing developments, HTCs are becoming an increasingly valuable financing tool. In this month's Novogradac Journal of Tax Credits, Heritage President Cindy Hamilton examines how one developer used HTCs to generate more than $260 million in equity for the rehabilitation of Edenwald Houses in the Bronx, a historic public housing community—illustrating how preservation incentives can strengthen capital stacks while creating high-quality housing for generations to come.

A standout example of mid-century modern architecture, Inn Town Lofts has been transformed from a 1964 motor inn into vibrant affordable housing through the combined use of Historic and Low-Income Housing Tax Credits. Characterized by its clean lines, expansive window walls, geometric form, and modernist design, the building is an important example of the postwar architectural evolution of Lubbock, Texas. Heritage Consulting Group secured the property's listing in the National Register of Historic Places and guided the federal and state HTC processes, helping unlock critical sources of financing that made the rehabilitation possible. The project showcases how HTCs can preserve architecturally significant mid-century buildings while positioning them for a new chapter.

As public housing authorities and their development partners look for innovative ways to preserve aging housing stock, HTCs are emerging as a powerful source of rehabilitation equity. Heritage's new Public Housing resource center explores how HTCs can be paired with HUD's RAD program and other financing tools to support the rehabilitation of historic public housing properties—from urban towers and garden apartments to senior housing and family communities. If you're evaluating a public housing portfolio or considering a RAD conversion, visit our new resource page to learn how Heritage can help identify opportunities and guide projects from National Register listing through HTC certification.

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