Last week, the House Ways and Means Committee passed infrastructure budget reconciliation legislation that includes provisions to expand the federal Historic Tax Credit. Unfortunately, current negotiations with leadership to reduce the cost and scope of the bill means that all historic tax credit provisions are in jeopardy.
Finding funds for your preservation rehabilitation project can be complex and confusing. Fortunately, in Maryland, there are many programs designed to help private property owners maintain and rehabilitate their historic structure. Historic tax credits are a critical tool and may be just the funding boost you need to get your project completed!
As a nonprofit with the sole mission of preserving Maryland’s historic buildings, neighborhoods and landscapes through outreach, funding, and advocacy, Preservation Maryland has its finger on the pulse of news affecting the preservation community. Read below for recent news from across the state about historic preservation funding and advocacy.
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 historic buildings. Often, preservation-safe repairs cost the same or slightly more but can save property owners in the long-run. These preservation best practices are not a comprehensive or complete guide to every issue a property owner will confront but are a jumping off point for your next preservation project.