Pennsylvania Department of Community and Economic Development Awards $5 Million in State HTCs
The Pennsylvania Department of Community and Economic Development (PA DCED) Aug. 3 announced $5 million in state historic tax credits (HTCs) awarded to 25 recipients for the fiscal year 2021-2022 round. PA DCED in a blog post estimated the properties will generate $177 million in rehabilitation expenditures. The next awards round will open Oct. 1.
Learn more about the interaction of federal and state HTCs at the Novogradac 2022 Historic Tax Credit Conference Oct. 6-7 in St. Louis.