Louisiana

MHA acquires New Orleans-based Clio Associates, establishes seventh office location

MHA acquires New Orleans-based Clio Associates, establishes seventh office location

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.

Historic Tax Credits and Hurricane Katrina

Katrina presented an overwhelming burden for those looking to revitalize buildings of significance in New Orleans and throughout the Gulf Coast. Swift action by Congress and President Bush established the Gulf Opportunities Zone Act of 2005 (GO Zone), a bill that among other things increased the federal historic rehabilitation tax credit to 26% from the normal 20% for Gulf Coast regions affected by Katrina as well as Hurricanes Rita and Wilma that hit only a few months later.