
Pavel Verbovski
The federal historic tax credit helped spur the creation or rehabilitation of 16,280 housing units in fiscal 2019.
The total includes 6,206 low- and moderate-income housing units that received their certifications of completed work, according to an annual report on the program from the National Park Service (NPS), which administers the historic tax credit in partnership with state historic preservation offices.
The historic tax credit is the largest federal program specifically supporting historic preservation. It has been instrumental in preserving historic places, including adapting key buildings into market-rate and affordable housing.
Since fiscal 1977, the program has helped create or preserve more than 604,000 housing units, including 172,416 low- and moderate-income units.
In addition, the historic tax credit has also been used to turn building into hotels, performing arts centers, offices, and other uses.
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