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Rehab the HTC: 1000 Actions in 100 Days

Written By: NTCIC

Partner with the Historic Tax Credit Coalition as they gear up to strengthen and defend the Historic Tax Credit in 2025

Advocacy for the Historic Tax Credit (HTC) has never been more crucial. With many provisions of the Tax Cuts and Jobs Act set to expire this year, it’s critical that we use our voices to advocate for preserving and enhancing the credit. Soon, legislators from both sides of the aisle will have the opportunity to support the HTC as part of a broader tax reform package, and as legislation begins, historic preservation advocates are calling for 1,000 meaningful interactions with Members of Congress during the first 100 days of the 119th Congress.

This is where you come in. By volunteering to advocate, you can help ensure that the Historic Tax Credit continues to benefit our communities. The Historic Tax Credit Coalition will provide you with personalized outreach materials to help you engage with your elected officials. It’s time to ensure that this vital tool for community development and historic preservation remains strong for years to come. Sign up at the link below to volunteer and be part of the movement to protect and enhance the HTC.

BACKGROUND

The federal Historic Tax Credit (HTC) has long been a vital tool for the preservation and revitalization of historic properties across the United States. Established in 1981, this incentive has been instrumental in the revitalization of communities, turning neglected buildings into vibrant spaces. However, despite its success, the value of the HTC has decreased significantly over the past decade. A combination of rising material costs, labor shortages, and legislative changes has led to a drop in the credit’s value.

Despite these challenges, the HTC continues to provide immense value to communities. Approximately half of HTC projects each year involve rehabilitation costs of less than $1 million, and these projects are often the lifeblood of small towns looking to preserve their historic structures while attracting new investment. The HTC has been credited with transforming more than 50,000 historic properties across the nation while supporting affordable housing, fostering community development, and creating jobs.

Michael Phillips

Director of Public Policy

As Director of Public Policy, Mike Phillips specializes in garnering and organizing local, national, and federal advocacy initiatives. He works to secure congressional support for enhancement legislation relating to the Historic Tax Credit (HTC), New Market Tax Credit and other community development incentives. Mike is a nationally recognized leader in advising advocates in delivering communication to congressional offices on behalf of the HTC. | Connect on LinkedIn