2025 California Tax Incentive Rehabilitation Projects

COMPLETED TAX PROJECTS

COMPLETED APPLICATIONS	FY 25	FY 24	FY 23	FY 22	FY 21	FY 20	FY 19	FY 18
Part 1	10	22	5	12	5	12	17	19
Part 2	15	2	7	4	8	18	15	23
Amendments	15	14	21	18	23	46	39	30
Part 3	11	7	6	4	8	5	9	3

TOTAL	50	57	39	38	44	81	80	75
REPRESENTED COUNTIES	18	14	11	14	10	15	11	10

COUNTIES WITH MAJORITY OF APPLICATIONS
COUNTY	PROJECTS
Los Angeles	22
San Francisco	10
Sacramento	6
San Diego	6

Army and Navy YMCA

COUNTY	ADDRESS	CITY	OWNER	USE	CERTIFICATION	FLOOR AREA	QUALIFIED COSTS	TOTAL COST
Los Angeles	921 South Beacon Street	Los Angeles	Harbor House, L.P.	Housing		97,039	$34,375,721	$46,921,007

Designed in the Mediterranean Revival style by architects Jay, Rogers & Stevens, and built in 1926. This five-story building was originally used as a YMCA to serve military personnel, featuring a gymnasium, swimming pool, and 410-bed dormitory.

Work to rehabilitate the building using the Federal Historic Rehabilitation tax credits started in 2021. The exterior and many of the interior’s defining features were preserved and restored. The adaptive reuse of the building yielded 100 residential units, 10 of which were reserved for low-income housing.

Additional Before and After photos

Breakers Hotel

COUNTY	ADDRESS	CITY	OWNER	USE	CERTIFICATION	FLOOR AREA	QUALIFIED COSTS	TOTAL COST
Los Angeles	220 East Ocean Boulevard	Long Beach	Breakers Development, LLC	Hotel		186,032	$160,177,847	$237,188,458

Designed in the Spanish Colonial Revival style by architects Albert Walker and Percy Eisen and completed in 1926, the fifteen-story, 330-room hotel was built as a luxury seaside attraction. However, three years later, it struggled financially during the Great Depression and was forced into bankruptcy by the 1933 Long Beach Earthquake. In 1938, purchased by Conrad Hilton and renovated, adding the thirteen^th-floor Sky Room restaurant, offering a 360-degree view of the city and sea, attracting celebrities such as John Wayne, Clark Gable, and Rita Hayworth. During World War II, the Sky Room was converted to an occasional Air Watch station, and pillbox machine gun turrets were installed along the rooftop. Hilton sold the hotel in 1947, where it passed through a series of owners until it was converted into an assisted living facility from 1991 until 2015.

The application for the Historic Preservation Tax Incentives program started in 2018. Working included restoring the cast stone and plaster exterior. Plaster medallions covered during a past remodeling were recovered and moved to a more prominent location. Concrete shear walls and infills were installed to improve structural integrity. However, these infills also obscured windows and were removed. Instead, the hotel's structure was reinforced with a fiber-reinforced polymer wrap. Memorabilia from the hotel's history, including historic photos and menus, were displayed throughout the hotel. Hotel room sizes were expanded, reducing the total number of rooms to 185.

Additional Before and After photos

Granger Building

COUNTY	ADDRESS	CITY	OWNER	USE	CERTIFICATION	FLOOR AREA	QUALIFIED COSTS	TOTAL COST
San Diego	964 Fifth Avenue	San Diego	SQI, Inc.	Hotel	2/18/25	44,534	$15,000,000	$30,000,000

Located in San Diego’s Gaslamp Quarter Historic District, the Granger Building was designed by architect William Quayle in the Romanesque style. The five-story, 44,534 square-foot building opened in 1904 and originally served as a bank, then as offices, and later as a hotel. In 1917, the building temporarily housed animals awaiting the completion of the San Diego Zoo.

By 2018, the building was mostly vacant and in disrepair. Rehabilitation under the Federal Historic Preservation Tax Incentives program started in 2020. Developers worked to preserve existing features, such as original office doors, storefront windows, and stone and brick façade. Exterior stone, terra cotta, and brick were cleaned or repainted. In the lobby, carpet and tile finishes from a 1985 renovation were removed and replaced with updated tile. Bathrooms were added to the existing offices on the second through fifth floors, converting the building into a 96-room boutique hotel.

Additional Before and After photos

Harrower Laboratory

COUNTY	ADDRESS	CITY	OWNER	USE	CERTIFICATION	FLOOR AREA	QUALIFIED COSTS	TOTAL COST
Los Angeles	912-920 E. Broadway	Glendale	Harrower Village, LP	Housing	11/12/2020	38,037	$16,127,988	$34,430,026

This rehabilitation project consisted of three buildings constructed between 1921 and 1924. Built in the Beaux Arts, the property was originally a medical facility overseen by nationally recognized endocrinologist Dr. Henry Harrower. Dr. Harrower moved his program out of the building in 1948. Over the next eighty years, the campus would serve as an instructional facility for a Chiropractic college and, later, a special education school. In 2019, the Glendale Housing Authority acquired the property to rehabilitate the campus and convert it into affordable housing.

Rehabilitation of the buildings included removing overgrown vegetation and an awning from the front entrance. Windows, exterior stone ornamentation, and brick were restored. Interior features, including a safe and double staircase in the lobby, were preserved, and an elevator was added to meet accessibility requirements. The project created 39 new affordable housing units for senior citizens.

Additional Before and After photos

Holmquist Hardware

COUNTY	ADDRESS	CITY	OWNER	USE	CERTIFICATION	FLOOR AREA	QUALIFIED COSTS	TOTAL COST
San Mateo	114 Stambaugh Street	Redwood City	Hugh Rienhoff Jr.	Commercial	10/09/24	1.634	$1,495,547	$1,495,547

Listed as a contributor to the Redwood City Main Street Historic District, the single-story commercial building was built in 1924. The Holmquist Hardware store, as a business, was opened by Swedish immigrant R.C. Holmquist in 1897 during a period of economic and commercial growth in downtown Redwood City. The original hardware store burned down in 1945. Operation of Holquist Hardware resumed in the adjacent single-story building until the business closed in 1976.

Rehabilitation of the 1,634 square foot building included interior and exterior masonry repointing, seismic bracing, and restoration of the original painted sign.

Additional Before and After photos

Hotel Fresno

COUNTY	ADDRESS	CITY	OWNER	USE	CERTIFICATION	FLOOR AREA (SF)	QUALIFIED COSTS	TOTAL COST
Fresno	1241 - 1263 Broadway Plaza	Fresno	APEC International, Inc.	Housing	11/14/24	163,123	$30,421,273	$38,032,762

Constructed in 1912, Hotel Fresno is Fresno’s oldest surviving hotel. Standing at eight stories tall and spanning over 125,000 square feet, it was the largest hotel at the time. After closing in the early 1980s, the hotel sat vacant and fell into disrepair, becoming a victim of vandalism and the elements. In 2016, the building was listed on the National Register of Historic Places, making it eligible to apply for restoration tax credits. In 2019, rehabilitation work started to convert the building into a mixed-use space featuring affordable housing.

Extensive rehabilitation work was performed on the first-floor atrium, including preserving original pocket doors and marble thresholds, restoring the ceramic tile flooring, and removing a non-historic drop ceiling that blocked natural light from the building’s glass ceiling. The wood flooring in the dining room was replaced, and graffiti was removed from the 1927 stairwell mural by dishwasher-turned artist Charles Maroot. Hotel rooms were reconfigured to allow for a variety of apartment sizes and floor plans. In 2024, the rehabilitation finished, creating 80 units of affordable housing.

Additional Before and After photos

Inspiration Point Apartments

COUNTY	ADDRESS	CITY	OWNER	USE	CERTIFICATION	FLOOR AREA (SF)	QUALIFIED COSTS	TOTAL COST
San Bernardino	59700 29 Palms Highway	Joshua Tree	Homestead Modern Development, LLC	Motel	12/02/24	7,447	$1,986,342	$2,632,614

Constructed in 1960-1961 as part of a larger complex, these apartments were intended as living spaces for the Institute of Mentalphysics Retreat Center. Architect Harold B. Zook, Jr., designed the mid-century modern style, utilizing post-and-beam construction, clean lines, open floor plans, and indoor/outdoor living spaces.

In 2023, work began on restoring the 14 units, removing non-native plants, making interior and exterior repairs, and removing modifications from the 1980s. Drop ceilings were removed, exposing the original tongue-and-groove ceilings. Electrical and plumbing systems were updated, and bathroom fixtures were replaced to meet accessibility requirements. Custom concrete block privacy walls were repainted. The apartments are now vacation rentals.

Additional Before and After photos

Lane Mortgage Building

COUNTY	ADDRESS	CITY	OWNER	USE	CERTIFICATION	FLOOR AREA (SF)	QUALIFIED COSTS	TOTAL COST
Los Angeles	200 - 214 w. 8th Street	Los Angeles	Palace Company, LLC	Housing		83,997	$41,000,000	$52,425,451

This 12-story, 84,000-square-foot building in Downtown Los Angeles was built in 1923. Designed by architect Loy Lester Smith in the Beaux Arts style, it was initially an office building. Before undergoing rehabilitation, the building was partially vacant.

Rehabilitation work started in 2018. The original marquee was retained and restored based on original drawings, exterior brick and terra cotta cleaned. Lobby Carrera marble was polished, the historic tilework by artisan Ernest Batchelder was cleaned as needed, and travertine tiles covering entry transom windows were removed. Elevators were updated to meet safety and accessibility standards.

Originally, an office building, it was converted to a mixed-use space with retail and restaurant spaces on the ground floor and 121 short-stay apartment units on the upper floors in accordance with local and federal adaptive reuse standards.

Additional Before and After photos

Naval Air Station Alameda - Bldg 8

COUNTY	ADDRESS	CITY	OWNER	USE	CERTIFICATION	FLOOR AREA	QUALIFIED COSTS	TOTAL COST
Alameda	2350 Saratoga Street	Alameda	Alameda Point Redevelopers, LLC	Commercial	8/08/2025	301,250	$51,351,608	$66,658,454

This adaptive reuse project converted a three-story, 288,881-square-foot warehouse in the former Naval Air Station (NAS), Alameda, into commercial and residential space. Built in 1940 as a storehouse, the building is an example of minimalist Streamline Moderne, with smooth concrete construction, curved walls, and a flat roof. Mushroom-shaped concrete pillars are distributed throughout the building to support the heavy-duty floors and ceiling. Interior walls partitioned the warehouse into three connected spaces.

Naval Air Station Alameda was recommended for closure in 1993, and the base officially closed in 1997. The rehabilitation of NAS Building 8 is part of a large-scale adaptive reuse and development project that is converting the former base into a planned mixed-use community, called Alameda Point, comprising commercial, residential, and recreational uses.

Converting the building's interior from industrial to commercial and residential use included upgrading the infrastructure, adding ramps, and replacing a freight elevator with a passenger elevator. Courtyards, or light courts, were created by removing sections of the roof and flooring from the center of each of the three partitions. As a result, 190 residential lofts were created on the second and third floors and multiple commercial spaces on the first floor.

Additional Before and After photos

The Union at Garey/ Pomona YMCA

COUNTY	ADDRESS	CITY	OWNER	USE	CERTIFICATION	FLOOR AREA	QUALIFIED COSTS	TOTAL COST
Los Angeles	350 N. Garey Avenue, #101	Pomona	Ray Holdings, LLC	Mixed Use	03/06/1986	58,188	$14,299,315	$17,000,000

After a fire destroyed Hotel Palomares in 1911, the land was used for a YMCA designed by architect Robert Hall Orr. Completed in 1922, the 50,000-square-foot Neo-classical building underwent many changes during its time as a YMCA. Originally U-shaped, later additions filled the space. Handball courts and residential quarters were later added to the east side of the building.

In the late 2010s, the YMCA was purchased with the intention of rehabilitating it through adaptive reuse to convert it into office and commercial spaces. Rehabilitation work included the cleaning of the exterior brick, terra cotta, and clay roof tiles. Eight stained-glass windows were cleaned and repaired as needed. The wood floor and ceiling of the smaller of the two gymnasiums were restored. The larger main gymnasium, elevated track, and mezzanine were restored and converted into an entertainment venue with elevated viewing areas. Features of the YMCA were retained, including the original staircase newel post embossed with the emblematic YMCA triangle. The YMCA blade sign now hangs inside the building in a co-working space.

Additional Before and After photos

Yosemite Apartments

COUNTY	ADDRESS	CITY	OWNER	USE	CERTIFICATION	FLOOR AREA	QUALIFIED COSTS	TOTAL COST
San Francisco	480 Eddy Street	San Francisco	Yosemite Apartment Assoc., LP	Housing	11/19/24	20,157	$24,772,014	$33,288,913

The Yosemite Apartments is located within the Uptown Tenderloin Historic District, which consists of densely populated four- to six-story residential and hotel buildings. Built in 1923, this six-story, 20,136-square-foot building was designed by Edward E. Young in a Renaissance Revival style. After the 1906 earthquake and fire destroyed most of the wood-frame, single-family homes in the area, building codes were updated to require fire-resistant materials, increasing reconstruction costs. Building taller, multi-occupancy apartments and hotels made more financial sense to property owners. Over the next twenty years, the neighborhood transitioned from single-family homes to multi-story, multi-family buildings like the Yosemite Apartments.

The building was purchased by the Tenderloin Neighborhood Development Corporation in 1983. A rehabilitation-focused overhaul began in 2023 and included seismic upgrades, accessibility improvements, a new fire suppression system, improved energy efficiency, and renovations to the apartment’s 32 affordable housing units and ground-floor commercial space.

Additional Before and After photos

Army & Navy YMCA Before and After Photos

BEFORE	AFTER

Breakers Hotel Before and After Photos

BEFORE	AFTER

Granger Building Before and After Photos

BEFORE	AFTER

Harrower Laboratory Before and After Picture

BEFORE	AFTER

Holmquist Hardware Before and After Photos

BEFORE	AFTER



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