Rutgers University Center for Urban Policy Research Releases Annual Report on Economic Impact of Federal Historic Tax Credit

Projects certified through the National Park Service’s Federal Historic Preservation Tax Incentives Program in Fiscal Year 2015 contributed more than $9.4 billion in output in terms of goods and services to the U.S. economy, and added $4.8 billion in gross domestic product, according to an analysis by the Rutgers University Center for Urban Policy Research.

The Federal Historic Preservation Tax Incentives Program is the single-largest Federal program that specifically supports historic preservation. In Fiscal Year 2015, the National Park Service approved $6.63 billion in proposed tax credit-eligible projects and certified another $4.47 billion in completed projects to rehabilitate historic buildings. The 870 completed projects certified by the National Park Service in Fiscal Year 2015 supported 85,058 jobs and provided 8,096 new low- and moderate-income housing units, and 23,569 new or renovated housing units overall.

Read more at the National Park Service website, or download the full report here.

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