NPS Says HTC Resulted in More than $5.7 Billion in Investment in FY 2019

Wednesday, March 18, 2020 - 11:45am

The federal historic tax credit (HTC) resulted in more than $5.7 billion in private investment in historic and community revitalization in fiscal year 2019 (FY 19), according to an annual report released last week by the National Park Service (NPS). The NPS issued 1,042 certifications of completed work in FY 2019, including 9,716 new housing units and 6,564 rehabilitated housing units. Since 1977, the HTC has resulted in an estimated $102.6 billion in rehabilitation investment in 291,828 buildings, according to the NPS.