Historic and New Markets Tax Credits transform vacant building into New Orleans Culinary and Hospitality Institute
January 4, 2018
The transformation of a failed arts center in New Orleans’ Warehouse District into a world-class culinary institute has finally moved forward after closing on the financing needed to redevelop the historic 93,000-square-foot, five-story building.
The New Orleans Culinary and Hospitality Institute, or NOCHI, is now undergoing construction, The Times-Picayune reported on Jan. 3. Enhanced Capital provided critical financing for the project through the federal New Markets Tax Credits and Louisiana Historic Tax Credits programs.