HCI Architecture & Design
HCI ARCHITECTURE & DESIGN staffs a team of architects, interior designers and design quality control managers. This entity provides design and construction document production services, assists in developing the project programming, works closely with local, state and federal agencies, coordinates with consultants, produces graphic presentation materials for marketing purposes, provides construction administration services and is also registered in Louisiana as a General Contractor.
HCI CONSTRUCTION is the construction management entity including project managers, field superintendents and field foremen. The construction team develops and maintains a project budget and construction schedule in conjunction with the design process to allow ongoing, in-depth knowledge and control of the project progress. HCI manages a project throughout the construction process, and represents the interest of the Owner/Developer during construction.
FF&E Procurement Services
FF&E PROCUREMENT SERVICES provide bidding and purchasing oversight for capital expenditures and major projects. The team negotiates with vendors, liaises with major brands on compliance and coordinates all logistics associated with schedules and deliverables. Procurement services work closely with HCI design on development projects, as well as regional engineering on facility maintenance of current portfolio assets.
HRI Management is a full-service property management firm currently overseeing 41 apartment and condominium properties in ten cities, for its parent company, HRI Properties and for third-party owners, primarily Historic Restoration, Incorporated. HRI Management’s staff consists of over 100 employees including specialists in leasing, operations, tax-credit compliance, maintenance, and resident services.
Unique among property management firms, HRI Management brings a quarter of a century of experience in the successful operation of both market-rate and affordable multi-family buildings. HRI Management is a pioneer in the successful and profitable operation of multi-family developments in historic buildings and urban centers.
NATIONAL CITIES FUND
National Cities Fund (NCF), owned 50% by HRI Properties and 50% by Historic Restoration, Incorporated, provides real estate financing to public/private partnership developments in Low-Income Communities in both large cities and small towns. It offers equity and convertible debt, mezzanine debt, and construction/mini-perm loans to mixed-use real estate and hospitality projects by leveraging the New Markets Tax Credit. NCF targets projects that eliminate slum and blight in urban areas and create economic opportunities for Low-Income residents.
National Cities Fund’s goal is to spur investment in depressed neighborhoods by investing in vacant historic property or empty urban areas that struggle to attract private capital. NCF’s approach includes leveraging several incentive programs, particularly federal and state Historic Tax Credits, tax exempt and urban renewal bonds, Community Development Block Grant funds, and Economic Development Initiative grants to finance projects that would otherwise not be viable.