Wednesday, August 14, 2013

Hyde Park’s Vertullo Building Receives Massachusetts Historic Tax Credits

HBI received exciting news this week from the Massachusetts Historical Commission that its planned rehabilitation project at the Vertullo Building in Hyde Park is recipient of a $150,000 State Historic Tax Credit allocation.

This is the second allocation of credits for this project, bringing the total to $250,000 toward at $1.9 million rehabilitation project there that will restore the storefronts to their 1890’s appearance, restore the exterior clapboards and 19th century windows, and renovate five first-floor commercial spaces and four upper story residential units.

The oldest remaining structure from Hyde Park’s settlement in the Cleary and Logan Square business districts, the Vertullo Building’s rehabilitation by HBI will have a very positive economic impact on the commercial area of Cleary and Logan Squares.  The project, currently in design development, is planned to begin this fall.

HBI extends its thanks to Secretary William Galvin and the Massachusetts Historical Commission for their help and support through the State Historic Tax Credit program.  We look forward to keep you posted on our progress in Hyde Park as the Vertullo Project begins.  

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