The Maryland Historical Trust recently announced projects which will receive funding through the state's highly competitive Historic Structure Rehabilitation Tax Credit Program. The eight projects which were selected were awarded $9 million in tax credits to leverage...
Results for "historic tax credit"
Take Action: Tax Reform Eliminates the Federal Historic Tax Credit
As Congress is poised once again to debate tax reform, the latest plans would eliminate entirely the federal Historic Tax Credit. The recently unveiled Unified Framework for Fixing our Broken Tax Code is a startling blow to preservationists around the nation as it...
Historic Tax Credit Tour of Baltimore’s District 46
On a sunny August afternoon, legislators from Baltimore's state legislative district 46 along with developers, preservationists and representatives of the Maryland Historical Trust, visited two sites enhanced by historic tax credits. Preservation Maryland arranged the...
Maryland Historic Tax Credit Application FY2018 Period Now Open
Maryland awards state historic tax credits for large commercial projects through a competitive application process. Rehabilitation projects are selected based on merit and adherence to the Secretary of the Interior's Standards and awarded tax credits with a $3 million...
Video: Accessing the Maryland and Federal Historic Tax Credit
With funding from the Rural Maryland Council, Preservation Maryland recently hosted a free webinar on state and federal historic rehabilitation tax credits available to owners of old and historic residential and commercial property in Maryland. To maximize the reach...
Sign-on Letter in Support of the Federal Historic Tax Credit
Communities across Maryland benefit from the Federal Rehabilitation Tax Credit - and it is now seriously threatened by comprehensive tax reform. We need your help. The Federal Rehabilitation Tax Credit has supported nearly 500 redevelopment projects in Maryland that...
Maryland’s Historic Tax Credits are Most Effective Tool for Revitalization
Preservation Maryland attended the announcement of the recipients of the Heritage Structure Rehabilitation Competitive Commercial Tax Credit for 2017. These were the first projects to be awarded the tax credit since the reauthorization of the program last session due...
Federal Historic Tax Credit Threatened with Repeal
The federal rehabilitation tax credit is responsible for saving hundreds of historic buildings in Maryland and thousands more nationwide. With Congress poised to take up comprehensive tax reform, signals now point to a battle to save the tax credit from repeal....
Maryland State Historic Tax Credit Projects
Maryland has a competitive state historic tax credit application program, now known as the Heritage Structure Rehabilitation Tax Credit. Rehabilitation projects are selected based on merit and adherence to the Secretary of the Interior's Standards and awarded tax...
Summer Punch: Honoring Preservation’s Historic Tax Credit Champions
Preservation Maryland was honored to host members of the Maryland General Assembly and the Hogan Administration to celebrate their successful efforts to reauthorize Maryland’s historic tax credit on July 14, 2016. Dozens of supporters and partners from the Maryland...
10 Projects Awarded $20 Million+ in Historic Revitalization Tax Credits
Indigenous Peoples’ Day honors the original inhabitants of the Americas – the first people who called this land home. Today we’re sharing an assortment of Preservation Maryland grant-funded projects, cultural heritage features, and resources so you can explore the histories that are a elemental part of life in Maryland.
Maryland Department of Planning Announces More than $20 Million in Tax Credits to Revitalize Historic Buildings
Indigenous Peoples’ Day honors the original inhabitants of the Americas – the first people who called this land home. Today we’re sharing an assortment of Preservation Maryland grant-funded projects, cultural heritage features, and resources so you can explore the histories that are a elemental part of life in Maryland.
New Report: 10 Key Facts About the Baltimore Historic Preservation Tax Credit Program
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...
Supporting Re-authorization of our State Historic Rehabilitation Tax Credit
With the support of Preservation Maryland, legislation is moving forward that would alter and extend the state’s historic rehabilitation tax credit for an additional five years. The re-authorization legislation is House Bill 939 and Senate Bill 759 "Altering the...
Maryland Historic Revitalization Tax Credit
In Maryland, tax credits for rehab projects have saved thousands of historic buildings statewide and created billions in state revenue.
NPS Issues Reports Highlighting Success of Federal Historic Preservation Tax Incentives Program
The National Park Service issued two reports highlighting the successes of the Federal Historic Preservation Tax Incentives Program this week. The NPS issued a press release about the Annual Report on the Economic Impact of the Federal Historic Tax Credits for Fiscal...
Preservation News: Sen. Cardin Introduces Tax Credit to Encourage Revitalization of Distressed Homes Nationwide
U.S. Senators Ben Cardin (D-Md.) and Todd Young (R-Ind.)have introduced legislation that would expand the Historic Tax Credit to foster economic growth and urban renewal, revitalizing housing in distressed neighborhoods nationwide. In 2021 Maryland passed state...
Preservation Maryland Partners on Tax Credit Workshop in Western Maryland
Preservation Maryland, in partnership with the City of Cumberland, Maryland Historical Trust, and the Cumberland Economic Development Corporation, presented a free Historic Preservation Tax Incentives Workshop on February 9th at the town's City Hall Council Chambers....
Hogan Administration Announces More than $19 Million to Revitalize Historic Buildings
The Hogan administration today announced the Maryland Historical Trust (MHT), a division of the Maryland Department of Planning, has awarded 16 projects more than $19 million in revitalization tax credits, leveraging more than $92 million in additional investment....
Hogan Admin Announces $15M Available for Catalytic Revitalization Tax Credit
Program Fills Financing Gaps for Redevelopment of Properties Formerly Owned by State or Federal Government The Maryland Department of Housing and Community Development announced the second application round of the Catalytic Revitalization Tax Credit program, designed...
Preservation Maryland Awarded Community Investment Tax Credit
Support our work to revitalize, rehabilitate, and adaptively reuse the historic Ellicott City Jail and Virginia Snoots House. Preservation Maryland has been awarded a Community Investment Tax Credit from the Maryland Department of Housing and Community Development to...
Preservation Maryland Launches New Service to Aid Organizations With Historic Revitalization Projects
The Revitalization Support Center Joins the Nonprofit’s Historic Property Redevelopment Program to Help Preserve Historic Properties in Maryland Preservation Maryland is pleased to announce the launch of a new service line, The Revitalization Support Center, which...
Preservation In Action: Hogan Administration Announces the First Catalytic Revitalization Tax Credit Award
“What should the State of Maryland do with large vacant historic complexes?” In 2019 Preservation Maryland's advocacy team, elected officials, and other stakeholders sought to answer just that. A committee was formed and the project team chose three undeveloped...
Preservation Primer: Saving & Preserving Historic Barns
Barns tell the story of Maryland. They are stunning visual anchors on the agricultural landscape that mark time and remind us all of the Old Line State’s farming heritage. From the weathered tobacco barns of Southern Maryland to the towering bank barns of Western...
Preservation Primer: Best Practices for Historic Preservation
Historic structures require significant repair and upkeep – but with routine maintenance the time and expense associated with those repairs can be substantially reduced. Equally important as maintaining the structure is making sure that those repairs are safe for...
Preservation Primer: The National Register of Historic Places
Perhaps nothing in preservation causes as much confusion as the National Register of Historic Places. Does it prevent demolition? Does it protect buildings? Can you change your paint color? Do you get tax breaks? Can you get a grant? This preservation primer will...
Best of Maryland: CASA de Maryland Recognized with Stewardship Award for Historic Belnord Theatre Project
CASA de Maryland is a Latino and immigration advocacy and assistance organization with satellite offices in Pennsylvania and Virginia. Here in Maryland, the non-profit organization had been serving the community for several years from East Fayette Street, a few blocks...
New Report: Advancing the Preservation and Reuse of Maryland’s Historic Complexes
What should the State of Maryland do with large vacant historic complexes? A new report prepared for the Maryland Department of Planning calls for strategic policy changes and increased project funding to advance preservation and reuse. Dozens of stakeholders,...
Newly Released Reports Show Positive Economic Impact of Historic Preservation in Maryland and Beyond
The economic impact of historic preservation have been highlighted in two newly released reports. THE ECONOMIC BENEFITS OF MARYLAND'S HISTORIC REVITALIZATION TAX CREDIT PROGRAM THE ABELL FOUNDATION, 2020 The Abell Foundation released its report, The Economic Benefits...
When Historic Preservation Helps Cities: A Response to Binyamin Appelbaum of the New York Times
With all due respect to New York Times’ editorial Board member Binyamin Appelbaum, who recently published a lengthy opinion against preservation, preservation is neither wholly perfect nor entirely harmful – there are shades of gray to this story which would have been...
Events
Preservation Maryland participates in and hosts many events in and around Maryland. Take a look at our upcoming events to see where we’ll be next.