We know that Historic Tax Credits are a crucial tool for preserving and rehabilitating historic buildings — which is why it is so important that we have hard numbers that prove just how immense the impact is. The National Park Service’s Annual Report detailing the economic impact of the Federal Historic Tax Credit is an invaluable resource as preservation advocates continue to promote the importance of maintaining and enhancing Historic Tax Credits.
Read MoreMembers of Congress are generally in their home districts in October, so now is a great time to contact your Representative to invite them to tour a local Historic Tax Credit project! Visits to rehabilitated historic buildings – or projects in progress – are great opportunities for you to educate legislators about the benefits of historic preservation in your community. Congresspeople welcome the chance to visit exciting projects in their own hometowns and connect with constituents who are doing great work. They can see for themselves how rehabilitated historic buildings contribute to the vitality and vibrancy of local communities, and you can boost your connections with your lawmakers and their staff.
Read MoreThe Preservation League is pleased to be working with State Senator Timothy Kennedy and Assemblymember Carrie Woerner on legislation to extend the state commercial and homeowner rehabilitation tax credits — and we need your help!
Read MoreTo close out your summer, we're bringing you the latest in preservation policy from Capitol Hill, DC, and the important impacts felt here in New York State!
Read MoreWe recently caught up with Congressman Brian Higgins to get some insight into his interests and efforts in support of historic preservation.
Read MoreTo celebrate improvements to the state historic tax credit for small projects, the League joined Assemblymembers Carrie Woerner, John McDonald, and Patricia Fahy for a press conference in Troy in May, and with Senator Timothy Kennedy for another in Buffalo in August. Redburn Development Principal Tom Rossi and Troy Mayor Patrick Madden were on hand in Troy and Preservation Buffalo Niagara Executive Director Jessie Fisher and Preservation Studios Principal Mike Puma joined in Buffalo.
Read MoreDuring the final days of Preservation Month this May, we took the opportunity to highlight the positive impact of the NYS and Federal Historic Tax Credit programs here in New York. While significant challenges resulted from the COVID-19 pandemic this year, we continue to support the role preservation can play in recovery efforts. A notable victory came during this year’s NYS legislative session: a 10% increase to the state historic tax credit for small projects under $2.5 million (for a total credit of 30%). To celebrate, we presented a special three-part webinar series. If you missed it live, we’ve got you covered.
Read MoreOn Friday, May 7, League President Jay DiLorenzo joined with Assemblymembers Carrie Woerner, John T. McDonald III, and Patricia Fahy to celebrate improvements to the state commercial historic tax credit in the 2021-2022 NYS budget. The press conference was held at the Collar Factory Lofts in Troy, a historic factory turned into loft apartments by Redburn Development — with the help of historic tax credits. Redburn Development Principal Tom Rossi and Troy Mayor Patrick Madden were also on hand to share remarks, mentioning to positive effect the increased credit is sure to have on Troy and other cities like it across the state.
Read MoreA few recent webinars exploring one of our favorite topics — Historic Tax Credits. Each of these webinars focus on a slightly different aspect of Historic Tax Credits, but they all touch on the broader positive impact this program, and historic preservation more generally, has on community revitalization.
Read MoreWe asked some lawmakers, business leaders, and preservation advocates to find out.
Read MoreSince 2013, when the NYS Historic Rehabilitation Tax Credit was enhanced and extended by Governor Cuomo, the combined federal and state tax credit programs have spurred over $3 billion of investment in historic properties in New York State.
Read MoreAdvocating for the Historic Tax Credit Improvement Act will be a major focus during Preservation Advocacy Week, March 14-16 in Washington DC. We hope you can join us.
Read MoreThe 115th Congress convened on January 3 and those of us concerned about the future of historic rehabilitation tax credits are watching the discussion of tax reform very closely.
Read MoreOur fourth tax credit workshop of the year took us to the Schenectady Armory at the invitation of Congressman Paul Tonko.
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