Federal Tax Incentives For Rehabilitating Historic Buildings

March 26, 2020
Historic Rehabilitation Research

Annual Report for Fiscal Year 2019

National Park Service, U.S. Department of the Interior, Technical Preservation Services

A Successful Federal/State Partnership Since 1976

The Federal Historic Preservation Tax Incentives Program, administered by the National Park Service in partnership with the State Historic Preservation Offices, is the nation’s most effective program to promote historic preservation and community revitalization through historic rehabilitation. With over 45,000 completed projects since its enactment in 1976, the program has leveraged over $102.64 billion in private investment in the rehabilitation of historic properties—spurring the rehabilitation of historic structures of every period, size, style, and type in all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands.

The Historic Tax Credit is the largest Federal program specifically supporting historic preservation. It generates much needed jobs and economic activity, enhances property values in older communities, creates affordable housing, and augments revenue for Federal, state, and local governments, leveraging many times its cost in private expenditures on historic preservation. This widely-recognized program has been instrumental in preserving the historic buildings and places that give our cities, towns, Main Streets, and rural areas their special character and has attracted new private investment to communities small and large throughout the nation.

Related Posts

Revitalizing Communities Through Historic Preservation – The Rehabilitation Of The Kahl Family Mansion Into The Gold Coast Apartments

Revitalizing Communities Through Historic Preservation – The Rehabilitation Of The Kahl Family Mansion Into The Gold Coast Apartments

Monarch Private Capital partnered with Gold Coast Housing, LLC to rehabilitate the Kahl Mansion located in Davenport, Iowa, into The Gold Coast Apartments for seniors. With the help of the […]

Read More

Historic Rehabilitation Perspective and Insights

Monarch Private Capital Closes New Historic Preservation Fund

Monarch Private Capital Closes New Historic Preservation Fund

Promotes Sustainability through Reuse of Historically Significant Buildings Monarch Private Capital (MPC), a leading tax credit equity and ESG investment firm, is pleased to announce the closing of Monarch Federal Historic […]

Read More

Company Announcements Historic Rehabilitation

Premier Hospitality International Publication Features Hotel Retlaw

Premier Hospitality International Publication Features Hotel Retlaw

Congratulations Hotel Retlaw for being featured in PREMIER HOSPITALITY INTERNATIONAL MAGAZINE! View the article here.

Read More

Historic Rehabilitation Research

See More News

Contact us for more information about ESG Investing, state and federal tax credits.