FEATURED ARTICLE

Safeguarding Sandpiper Cove

This month’s Novogradac Journal of Tax Credits Tool Box article discusses a recently-completed Historic Tax Credit (HTC) project in Galveston, Texas. Sandpiper Cove, a historic apartment complex on the northern edge of the city, had no protection from rising waters from the nearby Galveston Channel during 2008's Hurricane Ike. After acquiring the property, ITEX Group embarked on a substantial rehabilitation of the property, which included a new $3.8M floodwall surrounding the entire perimeter. Read on to learn how Heritage worked closely with the National Parks Service to find a creative solution that mitigates future flooding at Sandpiper Cove.

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PROJECT SPOTLIGHT

Noteworthy Denver High-Rise Rehabilitated as Affordable Apartments

Constructed in 1956-57, the 655 Broadway Building in Denver was originally designed as leasable office space. The curtain wall design, featuring alternating rows of ribbon windows and aqua spandrel panels, make the building stand out as one of the city's most exceptional examples of the Modern Movement in architecture.

The Denver Housing Authority undertook a $22M renovation to convert the building into 96 affordable apartment units for seniors and disabled individuals. The building also includes 14 units to be used by unhoused patients from Denver Health as they transition after a hospital stay. Heritage is proud to have been a part of this transformative and impactful project.

Additional Projects

IN CASE YOU MISSED IT

Celebrating Success in Springfield

On our social media channels, we shared that Cindy Hamilton (President) was excited to attend the official ribbon cutting for Knox Automobile and Indian Motocycle in Springfield, Massachusetts. The historic automobile factory was converted into the Knox Residences, adding 96 housing units to the area. Also in attendance was Congressman Richard Neal, a longtime supporter of historic tax credits. Congratulations to First Resource Companies for this outstanding rehabilitation. Follow us on LinkedIn, Instagram, Facebook, and X and never miss an update!

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TEAM UPDATE

Career Opportunity at Heritage

Want to join our dynamic team? Heritage is seeking a Project Manager to manage historic tax credit projects. Candidate should have a minimum of five years of experience in preparing historic tax credit applications with experience managing projects through the application process. This is a fantastic opportunity for someone who is passionate about historic preservation to play a significant role in the adaptive reuse of historic buildings across the country. Heritage is proud of what we've accomplished and looks forward to adding to our enthusiastic team. Click link below for more information and to apply.

Careers

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