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NPS Report: More than $6.5 Billion in Private Investment in 2020 Due to Federal HTC

Tuesday, March 9, 2021 - 9:45AM

The federal historic tax credit (HTC) created more than $6.5 billion in private investment in historic preservation and community revitalization in fiscal year 2020, according to the National Park Services’ annual report. Federal Tax Incentives for Rehabilitating Historic Buildings: Annual Report for Fiscal Year 2020 detailed 939 certifications of completed work (Part 3), with 5,730 rehabilitated housing units and 10,894 new housing units. The NPS reports that there has been more than $109 billion investment in rehabilitation since the HTC incentive began in 1977, featuring 46,372 certified projects. According to the report, Virginia (108) and Missouri (92) had the most Part 3 approvals in 2020.

The Novogradac Historic Rehabilitation Handbook, 2020 Edition provides details on the intricacies of the HTC, including changes due to the COVID-19 pandemic.

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