Federal Historic Tax Credits
A Financial Incentive for the Rehabilitation of Historic Buildings and Downtowns
Established in 1976, the federal Historic Tax Credit (HTC) is available for the rehabilitation of historic, income-producing buildings that are determined by the Secretary of the Interior, through the National Park Service, to be “certified historic structures.”
HTC Program for the Rehabilitation of Historic, Income-Producing Buildings
Established in 1976, the federal Historic Tax Credit (HTC) is available for the rehabilitation of historic, income-producing buildings that are determined by the Secretary of the Interior, through the National Park Service, to be “certified historic structures.” State Historic Preservation Offices and the National Park Service review the rehabilitation work to ensure that it complies with the Secretary’s Standards for Rehabilitation.
The federal historic tax credit program is also a significant financial incentive for the reuse of historic buildings and revitalization of historic downtowns. Current federal tax incentives for historic preservation were established by the Tax Reform Act of 1986 and include:
A 20 percent tax credit of Qualified Rehabilitation Expenditures (QREs) for the cost incurred during the rehabilitation of a certified historic structure for commercial, agricultural, industrial or residential rental purposes.
A 10 percent tax credit of QREs for the costs incurred during the rehabilitation of an older, non-residential building built before 1936 that is not yet listed as a certified historic structure.
Additional Information
We are here to help you with any questions you might have. Feel free to submit a Free Project Analyis Request for more detailed information regarding your specific scenario.
Additional Information
We are here to help you with any questions you might have. Feel free to submit a Free Project Analyis Request for more detailed information regarding your specific scenario.
State Historic Tax Credits with Incentives
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In addition to the federal HTC program, many states offer additional incentives, including:
STATE PERCENT (At Least)
Alabama 25%
Arkansas 25%
Colorado 20%
Connecticut 25%
Delaware 20%
Georgia 25%
Illinois 25%
Iowa 25%
Kansas 25%
Kentucky 30%
Louisiana 25%
Maryland 20%
Massachusetts 20%
Minnesota 90%
Mississippi 25%
Missouri 25%
Montana 25%
Nebraska 20%
New Mexico 50%
New York 20%
North Dakota 25%
Ohio 25%
Oklahoma 20%
Pennsylvania 25%
Rhode Island 20%
South Carolina 25%
Tennessee 25%
Texas 25%
Utah 20%
Vermont 10%
HTC Qualification Criteria
The property must be a “certified historic structure,” including:
- A listing in the National Register of Historic Places;
- A building located in a registered historic district and certified by the National Park Service as contributing to the historic significance of that district;
- An older, non-residential building built before 1936 that is not yet formally listed as a certified historic structure.
CBO Financial focuses on economic, environmental, and societal benefits to empower businesses, nonprofits, and municipal agencies to create jobs, improve infrastructure, and enhance the quality of life in underserved areas. By combining public and private funding sources, CBO Financial ensures that projects in low-income communities can progress efficiently and cost-effectively, driving meaningful revitalization.We’ve financed over $1 billion in high-impact investments nationwide, including $150 million using New Markets Tax Credits awarded to a CBO subsidiary. Backed by powerful funding tools and expertise, you’ll be pushed through to the finish line.
New Markets Tax Credit Programs
Capital Magnet Fund
Bond Guarantee Program
CDFI Certification
Technical Assistance Awards
Financial Assistance Awards
Small Dollar Loan Program
National Community Investment Fund
National Community Investment Fund
Clean Communities Investment Accelerator
Clean Communities Investment Accelerator
Business & Industry
Community Facilities
Rural Energy for America Program
Rural Energy for America Program
Federal Historic Tax Credits