As historic preservation advocates spend the week on Capitol Hill for Preservation Action's Advocacy Week, the National Park Service has released the Federal Tax Incentives for Rehabilitation Historic Buildings: Annual Report for Fiscal Year 2017.
Among the impressive findings for 2017:
- Over $5.8 billion of private investment was certified (Part 3).
- Almost 107,000 jobs were created.
- There was a 16 percent increase in Part 2 approvals, representing an estimated $9.07 billion in QREs.
With FY 2018 well underway, and even with the late 2017 tax law changes, we expect that these trends will continue to show the positive effects of the historic tax credit program on our nation's historic buildings.