Historic Preservation Tax Credit

The Historic Preservation Tax Credit is a government incentive that encourages restoring and preserving historic buildings. By offering a tax credit—usually a percentage of repair costs—it makes renovating these structures financially attractive. This program helps maintain architectural heritage, supports local development, and revitalizes communities. Typically, the credit applies to projects that follow specific preservation guidelines, ensuring historic integrity is maintained while modern needs are met. Overall, it’s a tool to promote adaptive reuse, cultural preservation, and sustainable development for historic properties.