Technical Preservation Services Annual Report

Technical Preservation Services has published the Federal Tax Incentives for Rehabilitating Historic Buildings Annual Report for Fiscal Year 2020.

By Traditional Building Magazine

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MAR 10, 2021

Technical Preservation Services has published the Federal Tax Incentives for Rehabilitating Historic Buildings Annual Report for Fiscal Year 2020.

Just published: Historic Tax Credit Report for Fiscal Year 2020

Program activity remained high, and nearly half (46%) of all certified rehabilitations were under $1 million in Fiscal Year 2020. Estimated rehabilitation costs totaled $7.72 billion for preliminary certifications and $6.54 billion for final certifications. Since 1977, the historic preservation tax incentives have generated a total of $109.18 billion in estimated rehabilitation investment in 46,372 rehabilitation projects.

The historic preservation tax incentives continue to be one of the most effective means of encouraging investments in historic preservation and revitalization of communities small and large across the country.

Read the report here.

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Traditional Building MagazineAuthor