Historic Preservation Awards Celebrate Innovative Rehabilitations of Four Notable Properties

Celebrating Historic Preservation: Novogradac Awards 2026

In a remarkable nod to historic preservation, the Novogradac Journal of Tax Credits has announced the recipients of its 2026 Historic Rehabilitation Awards. Four notable properties – the YWCA building in Wheeling, West Virginia; the Stehli Silk Mill complex in Pennsylvania; the Northern Ohio Blanket Mill; and the Hotel St. Cloud in Colorado – have undergone transformative restorations, each exemplifying the potential of adaptive reuse and the importance of preserving history.

A Closer Look at the Award-Winning Projects

1. YWCA Wheeling, West Virginia

The YWCA Wheeling stands as a beacon of hope, revitalizing an iconic structure initially built in 1915. The rehabilitation process facilitated by RiseUp LLC transformed this property into a multi-functional space. It now houses residential units, program spaces, and office areas. Importantly, this redevelopment received substantial financial support, amounting to $5.2 million from federal and state Historic Tax Credits (HTC). The project not only serves its inhabitants but also strengthens the community by providing vital services to victims of domestic violence and those facing substance abuse issues.

2. The Lofts at Stehli Silk Mill, Pennsylvania

Located in Lancaster, the historic Stehli Silk Mill faced decades of abandonment before its recent transformation into The Lofts at Stehli Silk Mill. Originally established in 1897, the mill was once a major employer for women in the textile industry. The newly refurbished mill now offers 165 stylish loft apartments, showcasing a variety of layouts to meet diverse housing needs. The project garnered attention with $6.1 million in federal HTC funding, reflecting its commitment to community revitalization and preservation.

3. Northern Ohio Blanket Mill

This former horse blanket factory, built between 1889 and 1895, had become the largest vacant structure in Cleveland's Clark-Fulton neighborhood. The Levin Group Inc. and Metro West Community Development Organization joined forces to breathe new life into the Northern Ohio Blanket Mill, converting it into a mixed-use space with 60 affordable apartments and significant commercial areas. Supported by $4.1 million in HTC funding, this project highlights the potential for historic properties to address housing shortages while revitalizing local economies.

4. Hotel St. Cloud, Colorado

The restoration of the Hotel St. Cloud is a testament to the dedication to preserving local history. Originally constructed in 1883, the hotel experienced a notable relocation and renovation process that culminated in its recent reopening as a boutique hotel complete with dining and bar facilities. Unbridled Holdings III invested $9.1 million in HTC finances to facilitate this ambitious project, positioning Hotel St. Cloud not just as a place to stay but as a vital part of the community's heritage.

The Significance of the Awards

Michael Kressig, a partner at Novogradac, noted, "These award-winning projects exemplify the importance of historic rehabilitation and preservation, showcasing the value and versatility of the HTC." Their recognition aims to inspire further efforts in the field of historical restoration, emphasizing that preservation works hand in hand with community development.

As the winners prepare to be honored at the Novogradac 2026 Historic Tax Credit Conference scheduled for October 8-9 in St. Louis, Missouri, their stories highlight the critical role of historic properties in fostering community identity, providing housing solutions, and promoting economic prosperity while honoring the past.

In an era where the importance of sustainability and community welfare is paramount, the achievements recognized in these awards serve as a reminder of what can be achieved through dedication, innovation, and a commitment to preserving our shared history.

For more details on nominations for future awards and the successes of these transformative projects, visit Novogradac.