SVL Featured in Novogradac Journal of Tax Credits Article
MLP Launches Developer’s First HTC Project, Nonprofit’s Frist Urban Community
By Jennifer Dockery, Associate Editor, Novogradac & Company LLP
Two Pennsylvania-based organizations have entered new territory with their renovation of a 19th century building in Lancaster, Pa.’s Gallery Row arts district. Once home to a tobacco factory, silversmith and most recently a fine goods store, Steeple View Lofts will welcome active older adults and businesses when renovations are completed this month. The mixed-use building is the first historic tax credit (HTC) project for Pittsburgh, Pa.-based Zamagias Properties and first urban independent living community for Lancaster-based nonprofit Landis Communities. The partners used a master-lease partnership (MLP) agreement to bring new residents into the neighborhood and return a historic building to the tax rolls. Read the entire article by clicking here.
This article ﬁrst appeared in the June 2013 issue of the Novogradac Journal of Tax Credits.
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