Recent Federal Report Shows Positive Impact of Historic Tax Credit Program

05/12/2020
By Preservation Maryland

In March, the National Park Service released their latest Annual Report on the Historic Tax Credit program, the largest Federal investment in historic preservation.

Twenty-five Historic Tax Credit projects received their final application approvals in Maryland in 2019 representing an investment of over $50 million dollars in Qualified Rehabilitation Expenditures (QRE). Over the last five years, approved applications to this federal project have topped $500 million QRE applied to projects across the state.

While looking nationally, in 2019 the Historic Tax Credit in has:

Data about job creation and total project investment is easily accessible in Annual Reports and Economic Impact Reports on the National Park Service website for the last 10 years of the Historic Tax Credit program’s implementation. Each of these national reports typically highlights projects from across the country and includes a state-by-state breakdown of program investments. Additional information about specific Historic Tax Credit projects can be found in an interactive map created by Novogradac.

VIEW HTC REPORTS

Learn about the State Historic Tax Credit

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Preservation Maryland is Maryland’s first and largest organization dedicated to preserving the state’s historic buildings, neighborhoods, landscapes, and archaeological sites.

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