Resources

Learn about historic tax credit programs.

Garver Feed Mill The Kubala Washatko Architects 21

Federal Historic Tax Credit

A federal historic rehabilitation tax credit is available for income-producing buildings which are designated historic by the federal government and which are substantially rehabilitated according to the Secretary of Interior’s Standards for Rehabilitation. Under this program, 20 percent of the total qualified rehabilitation expenditures (QREs) are returned to the owner in the form of a dollar-for-dollar credit on federal income taxes.

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9 Restored Latern Detail The Plaza courtesy HHM and Cooper Carry

State Historic Tax Credit

More than 30 states have established state historic tax credits to provide additional financial incentives for the rehabilitation of historic properties. Most of the state programs are based on the federal historic rehabilitation tax credit program, although application processes, award amounts, and award procedures vary by state.

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Hotel Peter and Paul by Sara Essex Bradley 7434

Stacking Tax Credit Equity

Historic tax credits can be monetized and used as project equity through an investment structure that allocates the credits to an investment partner in return for an equity contribution. The federal historic tax credits are often “twinned” with other federal tax credit programs such as the Low-Income Housing Tax Credit (LIHTC) or the New Market Tax Credit Program (NMTC). These programs work well together and can supply a significant amount of equity to a project.

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