Federal Tax Incentives for Rehabilitating Historic Buildings

March 12, 2019
Historic Rehabilitation Research

Annual Report for Fiscal Year 2018

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 44,000 completed projects since its enactment in 1976, the program has leveraged over $96.87 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.

Read the full report. 

Related Posts

Monarch Private Capital Finances Historic Preservation of Oldest Museum Building in United States

Monarch Private Capital Finances Historic Preservation of Oldest Museum Building in United States

This investment enables the 2022 grand reopening of the Peale in Baltimore, Maryland  Monarch Private Capital, a nationally recognized ESG investment firm that develops, finances and manages a diversified portfolio […]

Read More

Company Announcements Historic Rehabilitation

Monarch Private Capital Finances Historic Preservation of 137-Year-Old Hotel in Michigan

Monarch Private Capital Finances Historic Preservation of 137-Year-Old Hotel in Michigan

The Keefer House Hotel will support tourism, create jobs and increase capital in the Hillsdale community Monarch Private Capital, a nationally recognized ESG investment firm that develops, finances and manages […]

Read More

Company Announcements Historic Rehabilitation

Monarch Private Capital Closes New Historic Preservation Fund

Monarch Private Capital Closes New Historic Preservation Fund

Fosters Sustainable Development of Communities by Restoring Historically Significant Buildings Monarch Private Capital, a leading tax credit equity and ESG investment firm, is pleased to announce the closing of Monarch […]

Read More

Company Announcements Historic Rehabilitation

See More News

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