Case Studies in Affordable Housing Through Historic Preservation Number 4: Northern Hotel, Fort Collins, Colorado
August 2006
By: Bill Simpson, National Park Service
http://web.archive.org/web/20161210031302/https:/www.nps.gov/tps/tax-incentives/taxdocs/Affordable-Housing-Northern-Hotel.pdf
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Affordable Housing Programs
This case study examines how the Historic Rehabilitation Tax Credit and the Low-Income Housing Tax Credit were combined to finance an affordable housing project in Fort Collins, Colorado. The mixed-use building provides retail space on the ground level with affordable senior housing above, and its rehabilitation preserves an important piece of the streetscape in the city’s Old Town Fort Collins Historic District.
Historic Preservation
This case study tracks an affordable housing project in Fort Collins, Colorado, that combined the Historic Rehabilitation Tax Credit and the Low-Income Housing Tax Credit. It shares how the project mixed residential and commercial uses and combined repair and replacement strategies. It also provides information related to the development schedule and financing.
Housing Supply Planning
This case study tracks an affordable housing project in Fort Collins, Colorado, that combined the Historic Rehabilitation Tax Credit and the Low-Income Housing Tax Credit. The mixed-use building provides retail space on the ground level with affordable senior housing above.
Social Equity
This case study tracks an affordable housing project in Fort Collins, Colorado, that repurposed the historic Northern Hotel. It analyzes the project’s complex financial package, which included nearly $5 million in equity from the Historic Rehabilitation Tax Credit and the Low-Income Housing Tax Credit. The project serves seniors and includes first-floor retail.
Fort Collins, CO
2010 Population: 143,986
2010 Population Density: 2,652.80/square mile