Hess, Roise and Company
Hess, Roise and Company
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Euclid View Flats in 2018 after rehabilitation
Historic oriel windows with decorative brick work

Tax Credit Consulting

We have successfully guided federal and state historic tax credit applications through the review process to obtain National Park Service approval.

In addition to the 20-percent federal credit, many states, including Minnesota, offer historic tax credits. The historic credits can provide funding that is critical to a project’s feasibility.

The application process is complex, but we have a well-established track record of success with projects large and small. We advise developers, architects, engineers, contractors, attorneys, investors, and other team members throughout the development process to ensure that projects get certified. Charlene’s background in commercial real estate sales gives our team an insider’s perspective on what goes into making real estate deals work.

For potential projects that are not listed in the National Register of Historic Places, the first step is evaluating whether a property qualifies (“Part 1”), a requirement for obtaining the credits. Thanks to our exceptional research skills and extensive knowledge of architectural and historical trends, we recognize the significance of properties beyond the obvious candidates. For example, we made the case for the significance of a 1970s mixed-use complex that many thought too new to have any historic potential, and the financial infusion from the historic tax credits enabled the property to undergo a $130 million renovation.

Proposed work (“Part 2”) must meet the Secretary of the Interior’s Standards for Rehabilitation—while also making economic sense for the developer. The interpretation of the Standards by State Historic Preservation Offices and the National Park Service evolves over time, so our regular interaction with the reviewers keeps us up-to-date on current trends.

Services:Tax Credit Consulting

Smyth Lofts

The Baker Importing Company, now the Smyth Lofts, is one of the smaller historic warehouses in the Minneapolis Warehouse Historic District. Hess Roise led the historic tax credit process for…

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Services:Tax Credit Consulting

Euclid View Flats

Euclid View Flats were constructed in 1895 in the up-and-coming Dayton’s Bluff neighborhood on Saint Paul’s east side. The apartment building joined a growing collection of houses and apartments that…

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Services:Tax Credit Consulting

Thresher Square

The Canopy by Hilton Minneapolis Mill District brings new life to a pair of historic buildings in the East Town neighborhood of Minneapolis. Hess Roise managed the historic design review…

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Services:Tax Credit Consulting

NorShor Theatre Tax Credit Rehabilitation

The renovation of the NorShor Theatre is catalyzing a renaissance in downtown Duluth, Minnesota. Hess Roise helped the project get historic tax credits, a key part of the funding for…

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Making History Since 1990.

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Services

  • 106 + Environmental
  • Tax Credit Consulting
  • Documentation Studies
  • Nominations
  • Planning & Surveys
  • Interpretation
  • Historic Structures / Landscape Reports

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