Historic Preservation

A bill introduced in Missouri’s state Senate threatens to drastically reduce the annual cap on the state’s historic tax credit program. Read on to find out how you can help defend the credit.

In his article, Mike Novogradac predicts the implications of potential tax reform on generally accepted accounting principles for the Historic Tax Credit – and how those implications differ from the LIHTC.

It will take some time to fully digest the results from last night’s election but I wanted to share some initial thoughts on what this may mean for our industry.   Whether you are a Republican or Democrat we must collectively figure out a way to come back from the divisive politics that characterized this election.  […]

Senator James Lankford (R-Okla.) published a report in 2015 titled “Federal Fumbles: 100 Ways the Government Dropped the Ball”. In the report, Sen. Lankford takes issue with the Historic Tax Credit, and continues to do so now.

WinnDevelopment, the development arm of award-winning multifamily property developer and manager WinnCompanies, has acquired and will begin construction on the occupied rehabilitation of the historic Schoolhouse Apartments in Waterbury, Connecticut. The restoration is expected to be completed by the fall of 2017.

On July 21st, the IRS released guidance regarding Internal Revenue Code 50(d)(5). The long-awaited guidance affects market rate transactions involving Historic Tax Credits.

Historic Tax Credit Advocacy During Summer Recess Urgently Needed The Historic Tax Credit (HTC) is the most significant federal financial commitment to historic preservation. Over the last 36 years, the credit has created 2.3 million jobs, leveraged $117 billion in investment, and rehabilitated more than 41,250  buildings — all while generating enough in federal taxes […]

NTCIC seeks participants for June 8th lobby day in favor of the Federal Historic Tax Credit and additional efforts to expand support for the Historic Tax Credit Improvement Act.

Last October, Representative Mike Kelly (R-PA) introduced legislation seeking the first major changes to the Historic Tax Credit since 1986. Senators Cardin and Collins introduced similar legislation to the Senate in early March.

Massachusetts Governor Charlie Baker joined WinnDevelopment and its partners to celebrate the groundbreaking of a new project to transform the Nockege Mill in downtown Fitchburg, MA, into 96 units of mixed-income housing.

The historic tax credit helped created 78,000 jobs and $3.4 billion income during FY 2014, according to a report from the National Park Service and Rutgers University Edward J. Bloustein School of Planning and Public Policy.

Preservation Action announced it has retained Russ Carnahan and Debra Carnahan to lead the national non-profit advocacy group that focuses on strengthening historic preservation programs in Washington and around the country.