The National Park Service (NPS) recently released its 2012 annual report on the historic tax credit (HTC) entitled “Federal Tax Incentives for Rehabilitating Historic Buildings”. The report notes that in FY 2012, 1,020 proposed historic tax credit (HTC) developments were approved, which represents around $5.33 billion in rehabilitation work. In addition, the 744 completed projects in FY 2012 created an estimated 57,783 jobs, $3.15 billion in rehabilitation work, and 6,366 new low and moderate income housing units. These figures are based on a NPS funded study by the Rutgers University Center for Policy Research. The report also details a few notable case studies that have successfully utilized the HTC.

Click here to read the NPS report.