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NPS RELEASES 2011 REPORT ON HISTORIC TAX CREDIT

Monday, February 27, 2012 - 12:00PM

The National Park Service (NPS) has released its annual report on the historic tax credit (HTC) program for fiscal year (FY) 2011. The report, “Federal Tax Incentives for Rehabilitating Historic Buildings: Annual Report for Fiscal Year 2011,” includes information about the program’s use and performance throughout FY 2011. According to the NPS, the HTC has spurred $4.02 billion in new rehabilitation work, which created 55,458 jobs and 7,470 low- and moderate-income housing units. Along with the annual report, the NPS released “Federal Tax Incentives for Rehabilitating Historic Buildings: Statistical Report and Analysis for Fiscal Year 2011.” The statistical report provides a more detailed analysis of the program, including state-by-state project activity and program trends over time.

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