FEATURED ARTICLE 
Life after the Part 3: Navigating Tenant Fit-Out
For many historic tax credit (HTC) projects, the Part 3 Request for Certification of Completed Work signifies the culmination of years of planning and construction. Part 3 approval certifies that all work completed to date meets the program’s standards.

Commercial rehabs often face a unique challenge – tenant fit-out. Tenants of leasable commercial space generally want to control the appearance of their store, restaurant, or office, however, the National Park Service (NPS) maintains jurisdiction for five years following project completion. This month’s Novogradac Journal of Tax Credits Tool Box article explores the nuances of addressing tenant fit-out while meeting the NPS’s requirements through examples like the Stambaugh Building in Youngstown, Ohio (pictured).
PROJECT SPOTLIGHT 
Iconic Department Store Becomes Culinary Arts & Hospitality Hub
Henry’s Department Store was a mainstay in downtown Wichita, Kansas during much of the twentieth century. In 1948, the family-run business moved into a three-story Art Moderne style department store building designed by the prominent local architecture firm Boucher and Overend. The store closed in 1984, and the commercial building remained vacant until it was purchased and rehabilitated by developer Sudha Tokala.

The former department store is now operated by the National Institute for Culinary and Hospitality Education and has recently opened to students interested in the culinary arts. The rehabilitated building boasts five culinary lab kitchens, a rooftop event venue, and a food hall. Heritage listed the former department store in the National Register of Historic Places and secured historic tax credit approvals. 
HTC NEWS
The Harlow Hotel, a Prestigious DeMuro Award Winner
The Harlow Hotel in Portland, Oregon was honored with a 2023 DeMuro Award from Restore Oregon for Excellence in Preservation. The DeMuro Award is the highest honor in the state for the preservation and reuse of historic buildings.

Built in 1882, the historic Harlow Block is one of the oldest extant buildings in the neighborhood and the second oldest commercial center remaining in Northwest Portland. The three-story Italianate building was abandoned in 1972 and has now been rehabilitated into an upscale boutique hotel. Congratulations to all for successfully taking on this award-winning project! Heritage is honored to be a part of the team recognized.
TEAM UPDATE
Welcoming Haley Wilcox
Heritage is excited to welcome Haley Wilcox to the team! In her new role, Haley leads business development efforts across the South, Southwest, and Western regions from her home-base in Austin, Texas.

Prior to joining Heritage, Haley was a founding partner at a Texas-based historic preservation consulting firm, where she oversaw National Register nominations and led the firm’s business development efforts. Haley also has extensive nonprofit advocacy experience through Preservation Austin, the Preservation Alliance for Greater Philadelphia, and the Boston Preservation Alliance.

We are looking forward to working alongside Haley to continue to expand our presence in the South and West. 
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