With the passage of S.B. 227, the state historic tax credit (HTC) will be worth 40% of QREs for the majority of rehabilitation projects. The credit will remain 25% for projects in a city with a population greater than 50,000 and with QREs between $5,000-$49,999.

This is huge news for Kansas! An increased state HTC will enable more projects in cities and rural areas alike. Pictured above are two of our Kansas projects made possible by HTCs: at the left, the Kansas Health Science University/Kansas College of Osteopathic Medicine (KansasCOM) and the National Institute for Culinary and Hospitality Education (NICHE) in Wichita (image courtesy of NAI Martens, Wichita, KS); and at the right, the Servaes Brewing Company in Atchison.

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Lessons Learned at the Edison School Apartments

In this month's Historic Tax Credit Tool Box article in the Novogradac Journal of Tax Credits, Cindy Hamilton discusses the rehabilitation of North Milwaukee High School into the vibrant Edison Apartments. Spearheaded by Gorman & Company alongside dedicated partners such as Heritage, Cupid Development, WHEDA, and the State Historic Preservation Office, this ambitious $25.5 million initiative has successfully turned a historic landmark into affordable housing. The redevelopment proudly offers 63 senior apartments in the former school, complemented by 12 newly constructed three-bedroom townhomes designed for young families, creating a thriving multi-generational community. This project preserves the rich history of the building while addressing the critical need for affordable housing, showcasing the power of collaboration and innovation in revitalizing historic schools. (Image courtesy of Gorman & Company).

The recent designation of the Fuller Brush Company Factory Complex in Hartford, CT, to the National Register of Historic Places marks a significant milestone in preserving a vital piece of American industrial heritage. The largest factory in the world at its inception in 1922, this expansive complex served as the heart of the Fuller Brush Company, a brand synonymous with quality cleaning brushes and the charming persona of the iconic Fuller Brush Man. This door-to-door salesman not only sold brushes but also wove the company into the very fabric of American culture, becoming a beloved figure referenced throughout popular media.

As the complex undergoes an ambitious HTC rehabilitation, it promises to breathe new life into the area, transforming the historic site into a vibrant community space that will include multi-family housing and retail. This endeavor honors the legacy of the Fuller Brush Company and paves the way for future generations to appreciate and engage with the rich tapestry of our industrial past.

Senior Vice President Elizabeth Rosin will take the stage at the National Historic Properties Redevelopment Programs summit in the mountain city of Asheville, NC to discuss HTCs for Main Streets. This panel will explore the opportunities and challenges that come with redeveloping smaller projects in historic downtowns across the country. Register for the conference, which is held from April 30-May 2, here.

The following week, Heritage President Cindy Hamilton will discuss the Federal Rental Assistance Demonstration (RAD) Program and the innovative use of HTCs for public housing as part of a panel at the New York Statewide Preservation Conference in Poughkeepsie May 6-8. This discussion will introduce the basics of the RAD program, showcasing how it has facilitated the rehabilitation of public housing in New York City (such as Williamsburg Houses in Brooklyn, pictured above), Troy, and Albany. By spotlighting the synergy between RAD and federal and state HTCs, attendees will gain valuable insights into how these programs can leverage public and private debt and equity to reinvest in the public housing stock. Register for the conference here. (Image courtesy of MDG Design and Construction).

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