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FY17 Federal Historic Preservation Tax Credit Report Available

Arkansas Historic Preservation Program - Friday, March 23, 2018

The Federal Tax Incentives for Rehabilitating Historic Buildings Annual Report for Fiscal Year 2017 is now available on the Technical Preservation Services website, and it includes some impressive statistics for Arkansas.

The eight-page annual report summarizes information about the program (e.g., total number of projects reviewed, broken down by state, rehabilitation cost, new use, etc.) and includes photos and short descriptions of some representative projects. Highlights of the report include:

* 1,501 proposed projects were preliminarily approved by the NPS (a 16% increase over last fiscal year), totaling over $9.07 billion in proposed rehabilitation work.

* 1,035 completed projects were certified by the NPS, totaling over $5.82 billion in private investment in rehabilitation of historic buildings.

You can read the report at https://www.nps.gov/tps/tax-incentives/taxdocs/tax-incentives-2017annual.pdf.



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