The approximately $100 million project will be financed through a combination of Low-Income Housing Tax Credits, Federal and State Historic Tax Credits, and other sources. “These tax credits make the project feasible from our perspective,” Condas says. Dominium specializes in affordable and workforce housing, as well as the adaptive reuse of historic structures.
“Projects like this one take an incredible investment from a construction cost standpoint, in order to make them work,” Condas says. “Without that stack of tax credits, the project wouldn’t be do-able.”
via Fort Snelling’s historic Upper Post to be transformed into workforce housing.
Photo: Jay Young, The Evansville Courier & Press via Associated Press
Deconstruction is new to the Twin Cities, and one Minneapolis social enterprise called Better Futures Minnesota is leading the charge. It offers work crews for hire to provide deconstruction services, property maintenance, appliance recycling, groundskeeping and more. But off the clock, the men who work at Better Futures also get help with housing, healing and recovery, and personal coaching — helping these formerly incarcerated or homeless men turn their lives around.
A demolition boom is upon us, and we have a choice as a community. Demolish and send it to the dump, or deconstruct for less money, less waste and more green jobs.
via Green demolition can create jobs for those in need | Star Tribune.
Reclamation Administration: News and Research on Building Material Waste Prevention