POST Houston

NTCIC is pleased to announce the successful closing on historic financing for the POST Houston revitalization in downtown Houston, Texas. NTCIC syndicated the federal Historic Tax Credits (HTCs) earned by the project which generated over $23.7 million in equity. These funds will allow the project sponsors to turn the former Barbara Jordan Post Office in Houston’s downtown Arts District into a one of a kind urban ecosystem, including one of the world’s largest rooftop parks and farms. The 525,000 square foot former headquarters of the Houston Post Office will become a mixed-use cultural and entertainment epicenter for the downtown area. Designed by OMA, the world-renowned architecture firm founded by Rem Koolhaas, the project will include one of Houston’s largest food halls, co-working and tech incubator space, a music and entertainment venue, designer retail, office, and one of the world’s largest rooftop parks and farms.

Houston Food Bank

This project involved the construction of a warehouse for Houston Food Bank, a freezer/distribution facility. Houston Food Bank distributes more than 46 million pounds of food annually through nearly 572 hunger-relief agencies in Houston and the surrounding 18 counties in southeast Texas. The new facility more than quadruples their original food storage space from 73,000 sq. ft. to 320,000 sq. ft. allowing them to increase Houston Food Bank’s food distribution by 120,000 pounds. The increased storage capacity will help the Food Bank feed 137,000 families per week. In addition to maintaining a full-time staff, the Food Bank also receives assistance from over 450 volunteers on a daily basis.