The U.S. Department of Housing and Urban Development (HUD) and the Advisory Council on Historic Preservation (ACHP) today announced Chicago’s Rosenwald Courts Apartments project, once home to record producer Quincy Jones, boxer Joe Louis, and Olympian Jesse Owens, as the recipient of the 2018 ACHP/HUD Secretary’s Award for Excellence in Historic Preservation.
MacRostie Historic Advisors LLC (MHA) is pleased to announce the opening of a new office in New Orleans, Louisiana. Established industry professionals and former co-owners of the New Orleans-based historic preservation firm Clio Associates, Gabrielle Begue and Beth Jacob, will be joining as senior associates, and managing MHA projects in and around Louisiana.
On June 13, the ULI Chicago celebrated the winners of their annual Vision Awards. This year's group included four MHA Midwest projects.
The newly introduced legislation eliminates this requirement, enhancing the credit after uncertainty about investment potential with the change of terms in last year's new tax reform law that required the credit be taken over five years.
In October 2017, MHA opened our sixth office in Houston. In February, Amanda Barry joined director Anna Mod as our associate in Houston. Her long passion for and professional background in historic preservation brings important expertise to the fast-growing historic rehabilitation industry in Texas and beyond.
Reviews of the new tax reform bill have been mixed. Historic tax credits were retained, but the terms of claiming the credit changed. Other tax incentive programs were modified or done away with entirely. Depending on whom you ask, these changes can be positive or negative.
Housing affordability is a problem across the country. In fact, one National Low-Income Housing Coalition study found that in 2017 there was no state that is untouched by this issue.
Appreciation of historic buildings comes in many forms: well-curated house museums; impressive civic spaces turned cultural hubs; highly-valued homes in historic districts; popular breweries in old warehouses and industrial spaces; grassroots campaigns to save endangered places; tax policy.
As historic preservation advocates spend the week on Capitol Hill for Preservation Action's Advocacy Week, the National Park Service has released the Federal Tax Incentives for Rehabilitation Historic Buildings: Annual Report for Fiscal Year 2017.