CHP Historic Renovation Project Nationally Recognized for Aiding Community Revitalization
The Warwick, a permanent supportive housing facility for formerly homeless individuals in Newport News, Va., was honored as one of “Preservation’s Best of 2014” on March 3 by Preservation Action and the National Trust Community Investment Corporation at the annual National Historic Preservation Advocacy Week Congressional Reception. The event, which recognized exemplary Historic Tax Credit projects that have helped strengthen the nation’s cities and small towns, highlighted the success of the Historic Tax Credit in driving economic development and community revitalization across the nation by taking historically significant buildings, that are underutilized and vacant, and turning them into viable community assets in a twenty-first century economy.
Built in 1928 as a luxury hotel, The Warwick was once the center of downtown activity before going into decline in the 1980s. In 1995, Community Housing Partners (CHP) acquired the property after years of vacancy and converted it into 88 single-room occupancy (SRO) affordable, permanent, supportive apartments for previously homeless individuals.
Most recently, CHP’s in-house development, design, and construction teams completed a comprehensive rehabilitation of The Warwick in July 2013. The rehab included repairs to the lobby’s decorative plaster ceiling, new historic windows, brick repointing, and uncovering and refinishing the ground level’s terrazzo floor. CHP also installed a new roof, updated the plumbing, and performed a variety of energy-efficiency improvements resulting in EARTHCRAFT Virginia certification and a 50 percent increase in energy efficiency.
The 4.25 million dollar redevelopment project was financed with a combination of funding from federal Historic and Low Income Housing Tax Credits, state Historic Tax Credits, the Virginia Department of Housing and Community Development, and the Newport News Redevelopment and Housing Authority. During the renovation of The Warwick, 34 temporary construction-related jobs were created in the community and $2,776,502 was generated in local income.
The Warwick is also the recipient of a National Housing and Rehabilitation Association (NH&RA) J. Timothy Anderson “Timmy” Award for Excellence in Historic Rehabilitation and the National Affordable Housing Management Association (NAHMA)’s Community of Quality Award for Exemplary Single-Room Occupancy.
About Preservation Action
Preservation Action is a 501(c) (4) nonprofit organization created in 1974 to serve as the national grassroots lobby for historic preservation. Preservation Action seeks to make historic preservation a national priority by advocating to all branches of the federal government for sound preservation policy and programs through a grassroots constituency empowered with information and training and through direct contact with elected representatives.
About National Trust Community Investment Corporation
The National Trust Community Investment Corporation (NTCIC) makes equity investments in real estate projects that qualify for federal and state Historic, Low-Income Housing (LIHTC) and New Markets (NMTC) Tax Credits. NTCIC works with a wide variety of property owners including for-profit developers, nonprofit organizations and local governments. Its focus is on projects that have a high economic impact on the surrounding community.