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Report: NPS Approved $6.73 Billion in Proposed HTC Investment in FY 2013

Monday, March 10, 2014 - 7:00AM

The National Park Service (NPS) approved 1,155 proposed historic rehabilitation tax credit (HTC) projects in fiscal year (FY) 2013, worth an estimated $6.73 billion in investment, according to the Federal Tax Incentives for Rehabilitating Historic Buildings Annual Report for Fiscal Year 2013. More than 40 percent of the completed projects paired the federal credit with a state HTC. NPS released a supplementary Statistical Report and Analysis for Fiscal Year 2013, which found that more than 25,000 housing units were approved for HTCs, including approximately 7,100 low- and moderate-income housing units. Since the program’s inception in 1976, the federal HTC has certified more than 39,600 projects, created 2.4 million jobs and spurred nearly $69.5 billion in investment.

Tune into the March 18 Tax Credit Tuesday podcast to hear more about the reports’ findings.

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