federal historic tax credits

Federal Historic Tax Credits are incentives provided by the government to encourage the preservation and rehabilitation of historic buildings. They offer a monetary benefit—usually a percentage of renovation costs—to property owners who restore designated historic structures in a way that maintains their character. This program aims to promote responsible preservation, boost community revitalization, and support economic development by making historic reconstruction financially feasible. The credits typically apply to projects that meet specific preservation standards and are part of broader efforts to maintain cultural heritage and historic architecture.