NEW ORLEANS – The New Orleans Architecture Foundation will be hosting 2 events this month about tax credits and real estate development:
• A Lecture On Part 1 Of The Commercial Historic Tax Credit Application Process
Wednesday, April 6
6:00 p.m. – 7:30 p.m.
AIA Center for Design
1000 St. Charles Ave.
In response to a growing need for the public to have a better understanding of the Commercial Historic Tax Credits program and its process, New Orleans Architecture Foundation has compiled a panel of local experienced professionals who will present their roles in part 1 of the 3 part application process.
Even though the Commercial Historic Tax Credits program is not a new program, there seems to still be a lot of questions about the program by building owners, design professionals, developers, contractors and others. Who is it for? How can it help me? How do you get a tax credit?
These questions and many more will be answered by representative from the State Historic Preservation Office, a local architect, a legal representative and a member of the financial field who will discuss major points in their role of the process. After the presentation there will be opportunity to ask questions.
This event is $5 for AIA Members and $10 for Non-Members.
This is a CEU accredited event and all AIA Members must sign in and provide their AIA Numbers to receive 1 HSW credit for attending.
• A Lecture Featuring Architect And Real Estate Developer Henry Shane
Wednesday, April 13
6:00 p.m. – 7:30 p.m.
AIA Center for Design
1000 St. Charles Ave.
Architect Henry Shane will discuss how architects can thrive in the real estate development business and how design can be integrated with the hard costs of construction.
Shane, AIA, began his career as an Architect at Mathes & Bergman over 50 years ago. In 1970, Shane founded Favrot & Shane Companies Inc. along with his business partner, Tim Favrot, AIA, with the purpose of offering outside architectural service while slowly exploring the field of real estate development. Within a short period of time, it became clear that the future was much brighter for both partners to concentrate on real estate developments. Their philosophy became, "It is better to own the development than to own a big set of great drawings that would only remain on the shelf."
Over the years, Favrot & Shane has won numerous design awards for their projects and Shane maintains that there is true rewarding value in being both a developer and an architect, as even the smallest element of construction gets the fulltime attention of a real designer.
As of today, Favrot & Shane still owns 96% of the real estate they have designed and built. They started in 1970 by building 3 doubles, and now control more than 10,000 rental units. Their concentration has been on rental housing, but the firm has also ventured into office buildings, shopping centers and mini storages.
This event is free and open to the public.
The New Orleans Architecture Foundation is a 501(c)3 organization that supports and collaborates with AIA New Orleans on education and advocacy activities that enhance public appreciation of architecture and design as vital community assets that enrich the quality of life in New Orleans.
