IN THE NEWS

SUMMIT RIDGE ENERGY AND OSAKA GAS REACH SOLAR MILESTONES IN MAINE

In partnership with Foss & Company, Summit Ridge Energy announces the completion of the first project in their 200 MW Maine community solar portfolio, a 6.3 MWdc array in Hermon, ME that will serve 850 households and small businesses across the state. Read Article
Read the article

101 LEADING SAN FRANCISCO MANAGEMENT CONSULTING FIRMS AND STARTUPS – BOOST YOUR BUSINESS

This article showcases our top picks for the best San Francisco based Management Consulting companies. These startups and companies are taking a variety of approaches to innovating the Management Consulting industry, but are all exceptional companies well worth a follow. Read Article
Read the article

LIST OF THREE RENEWABLE ENERGY INVESTORS FROM CALIFORNIA

Knowing about the large area and optimal conditions, investors in the field of renewable energy greatly appreciate California…in this article three investors in renewable energy projects based in California will be introduced. Read Article
Read the article

CITY FOUNDRY STL WINS NOVOGRADAC 2021 NON-RESIDENTIAL DEVELOPMENT THAT BEST EXEMPLIFIES MAJOR COMMUNITY IMPACT

The $217 million redevelopment of City Foundry STL is one of the largest historic redevelopments in the city’s history. The complex will feature a 700-person event space, a theater, grocery store, office space, retail space, restaurants and bars and a new multistory parking garage. In July of 2021, City Foundry STL won the Novogradac HTC…
Read the article

IMPACT REAL ESTATE PODCAST WITH GEORGE BARRY, PRESIDENT AT FOSS & COMPANY

On this episode of the Impact Real Estate Podcast, we chat with George Barry, a pioneer of the tax credit market and President at Foss & Company. George takes us back to the 1980s and gives us a necessary lesson of how and why the Tax Reform Act came to be. As a veteran of…
Read the article

A SECOND LIFE FOR NORTH CAROLINA’S SHUTTERED FACTORIES

With the rise of remote work, developers are betting they can lure young talent and raise economic prospects for the state’s depressed areas. Historic mills across the state of North Carolina are being renovated to attract these young workers. Foss & Company is proud to have served as tax credit investor on each of these…
Read the article

‘IT’S REALLY HAPPENING’ – AN EXCLUSIVE, BEHIND-THE-SCENES LOOK AT THE JUDSON MILL REDEVELOPMENT PROJECT

Taking a stroll through Judson Mill, the massive, 35-acre site off Easley Bridge Road that is now under redevelopment, is like touring through Greenville’s past and future at the same time. Foss & Company served as the federal HTC investor, state investor and bridge lender throughout this project. Read Article
Read the article

CARBON SEQUESTRATION TAX CREDITS: SECTION 45Q

When the Bipartisan Budget Act of 2018 was passed into law, it expanded the §45Q2 tax credit, an important federal incentive encouraging private investment in the development and use of carbon capture technologies and facilities. Tax credits for the capture and long-term, permanent storage of carbon oxides are intended to generate a competitive financial return…
Read the article

WALL STREET’S TRILLION-DOLLAR ESG CLUB COMES WITH HUGE TAX PERKS

Bank of America Corp. sparked a stir in January—and a little envy—with just a few lines of disclosure in its fourth-quarter earnings report. The lender revealed it had slashed its 2020 corporate tax rate to 5.8% from what would have been 21%, thanks to finance work involving environmental, social and governance projects. That didn’t go…
Read the article

TAX EQUITY FINANCE FOR PORTFOLIO

Summit Ridge Energy said it secured a $55 million tax equity commitment from investment manager Foss & Company. The partnership will fund a roughly 73 MW portfolio of residential and commercial community solar projects across Illinois, Maryland, and Maine. Read Article
Read the article

Summit Ridge strikes tax equity partnership for 73 MW of community solar

US community solar projects specialist Summit Ridge Energy LLC said it has formed a partnership with investment manager Foss & Company Inc to fund residential and commercial solar projects totalling some 73 MW in direct current. Read Article
Read the article

Solar Leader Summit Ridge Energy Announces Tax Equity Partnership with Foss & Company

Summit Ridge Energy announced that it has secured a $55 million tax equity commitment from investment manager Foss & Company. The partnership will fund approximately 73 MWdc portfolio of residential and commercial community solar projects across Illinois, Maryland and Maine. Read Article
Read the article

Revitalization Effort in Historic District Supports Rehabilitation of Old Wooden Mill

Foss & Company helps fund project in the city of Thomasville, North Carolina, as the tax credit purchasers. The mill has been restored and renovated into one- and two-bedroom apartment homes with 27 different layouts, conforming to that of the mill itself. Read Article
Read the article

$42 million project underway to convert 12-story historic building in downtown Richmond into apartments

Construction is underway to convert a 12-story office building in downtown Richmond into 188 apartments. The $42 million project will entail completely renovating the interior of the building at 629 E. Main St. The project is getting federal historic tax credit equity from PNC Bank and state historic tax credit equity and a bridge loan…
Read the article

Historic Babcock Building in Columbia to be rebuilt after fire

The Babcock Building, a Foss South Carolina Fund project, will be rebuilt following a recent fire. The historic building will be renovated into 208 one-, two- and three-bedroom apartments on the Columbia skyline. Read Article
Read the article

NMTCs, HTCs Help Ongoing Transformation of Historic South Carolina Textile Mill

A former textile mill in Greenville, S.C., is being transformed into an 800,000-square-foot multiuse campus in a multiphase development financed with new markets tax credit (NMTC) and historic tax credit (HTC) equity. View PDF
Read the article

First Look: Inside Optimist Hall

Optimist Hall, a transformative mixed-use development just outside Uptown in the Optimist Park neighborhood, will officially open on Thursday, August 1. Read Article
Read the article

Grey Mill Apartments, North Carolina

Rehabbed Grey Mill Apartments draw high praise at open house in Hendersonville. Read Article
Read the article

A Massive Redevelopment Project in a High Profile Site in St Louis’ Midtown Area is on Track to Open in 2020

Foss & Co acted as the investor for the project’s $20 million of Federal Historic Tax Credits, $24 million of MO State Historic Tax Credits, and provided a $29 million bridge loan. Read Article
Read the article

City Foundry STL

City Foundry STL is the adaptive reuse of the former 15-acre Century Electric Foundry complex in St. Louis. The iconic and historically significant foundry building will be transformed into a dynamic hub of innovation complete with St. Louis’ first true food hall, a curated retail & entertainment experience, and creative offices infused with historic industrial…
Read the article

Historic Bailey Power Plant Opens in the Innovation Quarter

The opening of the Bailey Power Plant, a 111,479 square foot historic building redeveloped into innovation, office, entertainment, retail, and congregation space, located in downtown Winston-Salem, was announced today. Read Article
Read the article

How Does the Tax Reform Bill Affect the Value of the HTC?

The 10 percent non-historic tax credit is history under the recently passed tax reform act, but perhaps more significant to those in the historic preservation world, the 20 percent historic tax credit (HTC) was retained and altered. Read Article
Read the article

Reimagine Revolution Mill

Revolution Mill has been reimagined for a new Greensboro. Come discover restaurants, office space, apartments, and events. Watch Video
Read the article

Gibbs: Tax Credits Helping to Rebuild Downtown Canton

U.S. Rep. Bob Gibbs, R-Lakeville, spent two hours walking through the Historic Onesto Hotel and Event Center, the adjoining Bliss Lofts, and the former Hercules Engine Company site. Developer Steve Coon gave the congressman a tour of his downtown apartment. Read Article
Read the article

Halle Building Closes Foss Ohio 2018 Fund

The Foss Ohio 2018 Fund is acting as the state credit investor in Cleveland’s Halle Building Renovation. Foss Bridge Credit will also be providing bridge financing. Read Article
Read the article

First Look: Inside Natty Greene’s Kitchen + Market At Revolution Mill

Kayne Fisher has coined a signature description for Natty Greene’s Kitchen + Market, which he hopes to open in the third week of July at Revolution Mill in Greensboro. Read Article
Read the article

Two New Hotels Opening in Former Office Tower on Main Street, Foss Virginia 2015 Fund

Neil Amin is making his mark on the downtown Richmond hotel scene this week. His Shamin Hotels, the region’s largest hotel operator, is opening two hotels in a 19-story former office tower at 700 E. Main St. that will soon include a rooftop bar/restaurant and fitness center. Read Article
Read the article

The Foss N.C. Mill Credit Fund/Chapel Hill

The Foss N.C. Mill Credit Fund is acting as the mill credit investor and bridge lender on the redevelopment of the Chatham Mill. The project entails the conversion of a 250,000 square foot former mill into 166 units of workforce housing. Read PDF
Read the article

Goodyear Hall Project – Foss Ohio 2015 Fund

The Foss Ohio 2015 Fund is acting as the state credit investor in Akron’s East End Development Project. This project plans to rejuvenate the former Goodyear Headquarters and Goodyear Hall on East Market Street. The development will create a livable neighborhood complete with restaurants, shopping, a 1,500 seat theater and luxury apartments. Read Article
Read the article

With Faith of Investors, Downtown Tulsa Reawakens

… Energized by a rejuvenated oil and gas industry, along with a one-cent sales tax increase in 2003 and a downtown property assessment a few years later, investors have injected about $930 million into the central business district over nearly 10 years, according to the Tulsa Regional Chamber. Read Article
Read the article

Rise of the 9 – Foss Ohio 2014 Fund

Revival at East 9th & Euclid continues with The Geis Companies’ new ‘urban resort’ Read PDF
Read the article

Update on Wake Forest Innovation Quarter

WINSTON-SALEM, N.C. – WINDOWS TO A NEW WORLD. It’s one of the fastest-growing research parks in the country and the focal point of Winston-Salem’s future. Come along to see why Wake Forest Innovation Quarter is abuzz with ideas, inventions, and hope. Read PDF
Read the article

History In The Remaking Gastonia Mill Known For Bloody Labor Strike Reborn As Apartment

The site of a bloody and controversial 1929 labor strike in Gaston County is set to start a second life, as developers revitalize an abandoned mill in west Gastonia. Read PDF
Read the article

Increased development at Wake Forest Innovation Quarter

In all the talk about urban redevelopment in the Piedmont Triad, nothing stands out quite like what’s happening in downtown Winston-Salem. It goes back about 15 years ago when the Wake Forest Baptist Medical Center began developing an area of east downtown which it called the “Piedmont Triad Research Park.” Read Article
Read the article

Tobacco Factory Reborn As Biotech Center

Everyone involved with Wake Forest Biotech Place hopes that one day projects in Winston-Salem, N.C.’s Piedmont Triad Research Park (PTRP) will no longer qualify for new markets tax credit (NMTC) financing. The goal is that Wake Forest Baptist Medical Center’s new biotechnology research and innovation center will stimulate more investment in science and technology enterprises…
Read the article

Wexford, PTRP Agree To Downtown Project

A downtown economic-development project that has been planned for three years — and hoped for over the course of more than 16 years — is finally moving forward. Officials with the Piedmont Triad Research Park said they have reached an agreement with Wexford Science and Technology LLC of Baltimore on an $87 million project for…
Read the article