Green building initiatives and sustainability practices are everywhere. We are reminded every day from multiple sources to reuse, recycle, and conserve. Historic preservation and the rehabilitation of existing buildings embody green and sustainable – it’s often said “the greenest building is the one that’s already built.” The added benefit to rehabilitating an existing building is the availability of historic tax credits, which, depending on location, can easily cover a third of the rehabilitation costs in a typical project budget.

At WMF we are committed to assisting our clients, who own or acquire older buildings, through the historic rehabilitation tax credit process. Our project team provides expertise in the development, design, management, and delivery of Federal and State historic tax credits for the rehabilitation of buildings that are at least fifty years old. With our firm-wide collaboration and experience in office, retail, housing, hotel, education, recreation, and religious facilities, WMF is positioned to provide creative, targeted, and site specific design solutions for all historic rehabilitation tax credit projects.

In addition to lessening the impact on landfill sites, using existing public infrastructure, and focusing often-limited resources within established communities, the rehabilitation and adaptive used of older buildings can often provide access to additional redevelopment funds that include New Market Tax Credits, Low Income Tax Credits, energy tax credits, conservation easements, and other project specific funding and grants from federal, state, and local programs. The WMF project team can deliver seamless access to other available project funding sources.

Historic Tax Credits for Colleges and Universities

Conservatory of Music,  Baldwin-Wallace College

Bio:  Heather Rudge