ACHP Proposes Supplemental HTCs, Funding for Disaster Recovery

Wednesday, September 20, 2017 - 11:15am

The Advisory Council on Historic Preservation (ACHP) announced today that it is working with the Federal Emergency Management Agency (FEMA) and with state and tribal historic preservation offices to coordinate disaster recovery efforts for historic properties affected by Hurricanes Harvey and Irma. ACHP also reports that it is working with preservation partners to spur congressional action on supplemental funding and historic tax credits (HTCs) to rehabilitate damaged historic properties. The National Trust for Historic Preservation, in collaboration with the National Conference of State Historic Preservation Officers and the National Association of Tribal Historic Preservation Officers, developed a legislative proposal that includes a proposed two-year preservation grant program that would be funded with at least $150 million from the Historic Preservation Fund. The proposal would also increase the existing rehabilitation tax credit for commercial properties for three years from 20 percent to 26 percent for historic properties and from 10 percent to 13 percent for buildings built before 1936.