Adaptive Re-Use Historic - Noland Green
Location: Newport News, VA Number of Units: 60 Tenant Type: Family Development Cost: $11 million Financing: Low Income Housing Tax Credits, Federal Historic Tax Credits, State Historic Tax Credits, CICCAR Mortage, AHP Loan
The three-story center portion was built in 1920 far a office, showroom and warehouse space for the Newport News Lumber Company. In 1938, its new owner, the Noland Company added two wings from which it built an international plumbing and electrical wholesale business. At 79,000 square feet, its “warped-U” shape plus unique configuration of 2, 3 and 4 story sections made the adaptive reuse challenging but it resulted in creative, spacious downtown loft apartments that filled up in 30 days. Noland Green is a mixed income development, featuring 54 LIHTC units,6 of which have rent supplement provided by the Newport News Redevelopment Authority (NNRHA) , plus 6 units provided at market rate units. It is a welcomed element in the revitalization of the downtown waterfront area of Newport News, Virginia.