Historic Tax Credit Projects

HISTORIC TAX CREDITS are an essential tool for feasible rehabilitation of historic properties. The federal program provides an income-tax credit equal to 20 percent of qualified rehabilitation expenditures on income-producing properties. The state program provides a tax credit equal to 25 percent of qualified expenditures.

Spencer typically participates as a member of the design team, conducting design review of proposed improvements to ensure that the design is consistent with the Secretary of Interior’s Standards and provides technical assistance regarding appropriate treatments for necessary repairs.  

Spencer Preservation prepares the applications for Rehabilitation Tax Credits including the Evaluation of Significance and Description of Rehabilitation, and serves as the liaison throughout this process with the State Historic Preservation Office and the National Park Service.

Many projects combine historic tax credits with other incentives such as Transportation Enhancement Grants, Heritage Trust Fund Grants, or Low-Income Housing Tax Credits.  Spencer Preservation’s expertise can add value to your rehabilitation project through coordination with team members and officials and simplifying the application and approval process.  

A listing of Spencer Preservation state and federal rehabilitation tax credit projects: