The Venerable Development team–experienced in real estate development and historic preservation–offers a one-stop consulting service for owners of historic commercial buildings looking to substantially rehabilitate their properties. We provide comprehensive project development services, from predevelopment planning through certificate of occupancy, and specialize in bringing substantial benefit to projects by utilizing Historic Tax Credits (HTC) and New Markets Tax Credits (NMTC).
Venerable is uniquely poised to bring the maximum benefit to historic redevelopment projects by maintaining a full-time Historic Preservation Specialist. With a background in architectural history and preservation, Jessica Engeman blends her love of historic buildings with financial expertise related to tax credits and other development incentives–helping make the rehabilitation of historic properties a feasible undertaking. In many cases, Jessica’s first course of action is to list a property in the National Register of Historic Places, which opens the door to numerous preservation-related financial incentives. One of Jessica’s key functions in the firm is overseeing the closing of Historic and New Market Tax Credit equity investments. She has secured over $35 million in HTC/NMTC debt and equity since 2005. In addition to her work at Venerable, Jessica is adjunct assistant professor at the University of Oregon, teaching a graduate historic preservation economics course. Jessica holds degrees in architectural history, historic preservation, and community and regional planning.
At Venerable, we take a holistic approach to our tax credit consulting services. Our team has the ability to don multiple hats as we interact with a variety of agencies and stakeholders. This runs the gamut from acting as liaison to the project architect and the State Historic Preservation Office during the design phase to negotiating the partnership agreement and ancillary documents necessary for the tax credit investment. To read more about the comprehensive tax credits consulting services we offer, please click here.
In addition to our tax credit consulting, Venerable can also provide the following historic preservation services:
- Project feasibility studies
- Historical research and preparation of National Register nominations
- Land use review submittals for National Register properties in Portland
- Applications to Oregon’s Special Assessment program
- Assessment of historic significance and multiple property survey and inventory
- Securing redevelopment incentives from the Portland Development Commission and other sources
- Preservation easements
For more information, contact Jessica Engeman by email or call 503-943-6093