New Report: 10 Key Facts About the Baltimore Historic Preservation Tax Credit Program

09/02/2020
By Preservation Maryland

Leading preservation economics firm, PlaceEconomics recently completed an analysis of Baltimore City’s Historic Preservation Tax Credit program that supports positive assumptions about the value of the credit, and brings to light new information about the use and benefit of the credit in communities across the city.

In releasing the 66-page, well-illustrated report, the Baltimore City Commission on Historical and Architectural Preservation (CHAP) stated, “Since the creation of the program in 1996, CHAP has believed that the city’s historic tax credit would be an important tool to enhance the architectural, cultural, and economic value of the City. While the physical impact is easy to see, it was important to CHAP to measure the economic impact of the credit.”

The report did just that. PlaceEconomics is an international preservation consulting firm and highlighted these 10 statistical facts in their executive summary:

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