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Historic Tax Credits News Briefs - December 2023

Developers broke ground in October on the Baatz Block Apartments affordable housing property in Great Falls, Montana. NeighborWorks Great Falls will build 25 apartments of permanent supportive housing. Construction is scheduled for completion in late 2024. The capital stack includes historic tax credits (HTCs) as well as low-income housing tax credit equity.

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Penfield W. Tate III became chair of History Colorado’s board of directors in October, marking the first time a person of color has helmed the organization. Tate served in both chambers of the Colorado statehouse in the 1990s and 2000s in addition to a wealth of experience in public finance and municipal law. History Colorado serves as the state historic preservation office for the Centennial State.

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Nonprofit developer Preservation Maryland in October named Maryland Sen. Ben Cardin as the recipient of its President’s Award. The organization bestowed the honor on Cardin in part for his continued support of the federal HTC. Cardin’s support for historic preservation includes advocating for legislation to give the National Park Service congressional authority to build a larger center for historic trades training.

Journal Category:

Historic Tax Credits

Authors:

Novogradac

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