Project Spotlight

Historic Tax Credits and Urban Revitalization

Historic Tax Credits and Urban Revitalization

This week’s edition of The Economist magazine has an informative article about urban revitalization in St. Louis. In a city with a turbulent history of racial segregation and housing discrimination, and one The Economist calls “one of the country’s most troubled,” the article describes signs of hope in the form of Millennial in-migration and successful educational efforts in the city’s most challenged neighborhoods. At the heart of these trends the article highlights a public/private innovation district named Cortex Innovation Community being developed—and thriving—in a formerly abandoned industrial area between Washington and St. Louis Universities.

Veteran and Military Properties Rehabbed Using Historic Tax Credits

Just as the valiant men and women who are honored this week for Veteran’s Day, there are many retired military properties that have been honored through preservation and reuse. MHA has had the privilege of being consultants on a few.

Historic Tax Credits Preserve Affordable Housing

The term preservation means different things to different people. To colleagues in our firm, it can mean historic buildings, tax credits or advocacy. To many of our clients, it relates to keeping affordable apartments affordable at the end of their original financing or subsidy period. Many of these housing subsidy programs, like Section 8, have been around for decades and are managed by HUD.