Nearly 1,000 HTC Developments Completed in FY 2020, According to New NPS Report
The National Park Service (NPS) certified nearly 1,000 completed historic tax credit (HTC) rehabilitation projects totaling $6.5 billion in estimated costs in fiscal year (FY) 2020, according to Wednesday’s Annual Report on the Economic Impact of the Federal Historic Tax Credits for FY 2020. The NPS certified 989 developments in FY 2020, with 1,282 more proposed during the fiscal year. The report also found that HTC-related investments created approximately 122,000 jobs, including 42,000 jobs in construction and 27,000 jobs in manufacturing. Approximately half of the investments were in low- or moderate-income areas.
Get started on developing using HTCs with the Novogradac Introduction to Historic Tax Credits booklet.