Federal Tax Incentives for Rehabilitating Historic Buildings
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.
Jun 2, 2022
Bardstown Motor Lodge will elevate the state’s bourbon tourism industry and support economic growth Monarch Private Capital, a nationally recognized ESG investment firm that develops, finances and manages a diversified […]
Apr 1, 2021
The reimagined Robbins Dancing Building will offer rewarding educational opportunities and support community growth Monarch Private Capital, a nationally recognized tax-advantaged investment firm that develops, finances and manages a diversified […]
Mar 3, 2021
The rehabilitated hotel provides valuable impact to the downtown Omaha community Monarch Private Capital, a nationally recognized tax-advantaged investment firm that develops, finances and manages a diversified portfolio of projects […]