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 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.
Aug 29, 2023
Redevelopment of a historic landmark creates market-rate rental units, commercial and retail space Monarch Private Capital, a nationally recognized impact investment firm that develops, finances, and manages a diversified portfolio […]
Mar 31, 2023
Adams & Oak will support the transformation of Peoria’s Warehouse District into an active urban community Monarch Private Capital, a nationally recognized impact investment firm that develops, finances and manages […]
Historic Badgerow Building grand opening brings excitement to downtown Sioux City with new apartments
Aug 18, 2023
July 13th was the grand opening for apartments in the historic Badgerow Building. ”This is a beautiful and one of the most magnificent buildings in all of downtown and to […]