Federal Historic Rehabilitation Tax Credit Certification
MHA has completed more than 1,000 federal historic rehabilitation tax credit certification applications across the country. We are experts in navigating this process and maintain strong professional relationships with the reviewers at the National Park Service in Washington, DC in order to provide the best guidance and opportunities for success for our clients.
State Historic Rehabilitation Tax Credit Certification
Most states have one or more additional tax incentive programs for historic rehabilitation projects. Combined with the federal program, some projects can receive up to 40% in tax credits for rehabilitation costs when utilizing state programs. Our staff is knowledgeable in the various tax credits and has worked closely with State Historic Preservation Offices across the country to take advantage of these beneficial opportunities for our clients.
National Register Listing And Local Landmark Designation
In order to receive federal and some state historic rehabilitation tax credits, the property must be listed on the National Register of Historic Places, a program administered by the National Park Service. MHA staff undertakes the robust task of conducting historical research and completing the application for the designation for many properties that are eligible but do not yet have this designation. In some cities local landmark designation are required to receive a real estate tax abatement. MHA associates are knowledgeable about programs in these cities.
The Secretary Of The Interior’s Standards For Rehabilitation Expertise
In order to receive any federal or state historic rehabilitation tax credits for a project, the design must comply with The Secretary of the Interior’s Standards for Rehabilitation. We are a valuable resource in the design process by advising our clients and project teams in ways to avoid any pitfalls or snags that may disqualify them from the tax credit programs or prolong the review of their certification application at the state or national level. All MHA partners and associates meet The Secretary of the Interior’s Professional Qualification Standards for Architectural History.
Contact one of our regional offices to learn more about how MHA can assist you with your historic property.