The National Park Service’s Annual Report on the Economic Impact of the Federal Historic Tax Credit for Fiscal Year 2022 shows that properties with rehabilitation funded by Federal Historic Tax Credit (HTC) equity totaled $7.3 billion in private investment and created 122,000 new jobs during fiscal year (FY) 2022. 

The second report, Federal Tax Incentives for Rehabilitating Historic Buildings Annual Report for Fiscal Year 2023, focuses on the program’s accomplishments in the last fiscal year. Program activity remained high, and nearly half (46 percent) of all certified rehabilitations were under $1 million in FY 2023. Estimated rehabilitation costs totaled $9.49 billion for preliminary certifications and $8.81 billion for final certifications.