Historic Rehabilitation Award Winners Announced

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Novogradac Journal of Tax Credits to Present Awards at San Antonio Conference

The Novogradac Journal of Tax Credits today announced the winners of the 2015 Historic Rehabilitation Awards, which recognize development teams for excellence in the creative use of the historic tax credit (HTC). Winners will be honored Sept. 17 at the Novogradac Historic Tax Credit Conference in San Antonio.

“Congratulations to all the recipients,” said Owen Gray, CPA, conference chairman and partner in Novogradac’s San Francisco office. “Each one exemplifies how the historic tax credit can transform blighted or endangered buildings into thriving community assets.”

Awardees were recognized in three categories:

Historic Development that Best Exemplifies Major Community Impact
Winner: The 9
Developer: Geis Companies
Owner: Geis Properties LLC
Location: Cleveland

Honorable Mention: Schmidt Artist Lofts
Developer: Dominium
Owner: Dominium
Location: St. Paul, Minn.

Historic Development that Overcame Significant Obstacles
Winner: The Landings at Maysville High School
Developer: Wallick-Hendy Development Company, LLC
Owner: Wallick Asset Management LLC
Location: Maysville, Ky.

Honorable Mention: Carriage Factory Apartments
Developer: DePaul Properties
Owner: DePaul
Location: Rochester, N.Y.

Historic Development that Best Demonstrates Financial Innovation
Winner: Myrtle Banks Building
Developer: Alembic Community Development
Owner: Alembic Community Development
Location: New Orleans

Honorable Mention: The Arlene and Harold Schnitzer Center for Art and Design
Developer: Gerding Edlen
Owner: Pacific Northwest College of Art
Location: Portland, Ore.

More information can be found at
http://www.novoco.com/awards/historic

In addition to the Historic Rehabilitation Awards, the Novogradac Journal of Tax Credits conducts several awards programs designed to recognize excellence in affordable housing, community development and renewable energy. Nominations for each program are open year-round and more information can be found at http://www.novoco.com/awards.

The Novogradac Journal of Tax Credits provides news, analysis and commentary on the affordable housing, new markets, renewable energy and historic rehabilitation tax credit industries. This comprehensive 80-page monthly publication features columns written by industry experts, Q&As on technical tax credit issues, features about tax credit developments and more, all informed by Novogradac & Company’s more than 25 years of experience on the front lines of the tax credit industry.

Novogradac began operations in 1989 and has since grown to more than 500 employees and partners with offices in San Francisco, Walnut Creek and Long Beach, Calif.; Dover, Columbus and Cleveland, Ohio; St. Louis; Boston; New York; Chicago; Austin, Texas; Portland, Ore.; Naples, Fla., and the greater metropolitan areas of Philadelphia; Washington, D.C.; Atlanta; Detroit; Kansas City, Mo.; and Seattle.

Specialty practice areas include tax, audit and consulting services for tax-credit-assisted affordable housing, community revitalization, rehabilitation of historic properties and renewable energy. Other areas of expertise include business valuation, preparation and analysis of market studies and appraisals of multifamily housing investments and renewable energy tax credits.

For more information about the Novogradac Historic Rehabilitation Awards, please contact Alexandra Bernard at (415) 356-7627, or by email at Alex.Bernard(at)novoco(dot)com.

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