HISTORIC REHAB TAX INCENTIVES 2019 ANNUAL REPORT

The Technical Preservation  Services (TPS) Office of the National Park Service has released the Federal Tax Incentives for Rehabilitating Historic Buildings: Annual Report for Fiscal Year 2019. This annual report documents the level of private investment in the rehabilitation of historic buildings taking advantage of the federal Historic Tax Credit program that were certified by state historic preservation offices and the TPS during 2019. According to the report: "Program activity remained high, and nearly half (49%) of all certified rehabilitations were under $1 million in Fiscal Year 2019. Estimated rehabiltation costs totaled...$5.77 billion for final certifications." Other interesting data in the report indicates $102.64 billion in rehabilitation investment from 1977 to 2019 through the incentive program that translates into 45,383 separate projects resulting in 291,828 rehabilitated housing units, 312,176 new housing units and 172,416 low and moderate income housing units. For Washington State, the report estimates qualified rehabilitation  expenditures in 2019 at nearly $112 million. The six page report includes case studies of the 3 tax credit projects and a centerfold of completed projects from around the nation. To view the TPS report, go to:  https://www.nps.gov/tps/tax-incentives/taxdocs/tax-incentives-2019annual.pdf.  A limited number of hard copies of the report may be requested by emailing DAHP at: greg.griffith@dahp.wa.gov.