Preservation Mixing Bowl: Combining Tax Credits for Economically Feasible Preservation

Both private investment and sustained government support are crucial in providing the funds necessary to secure the future for historic structures throughout the United States. A variety of tax incentives are available to support preservation, but they are not fully utilized. The federal Historic Preservation Tax Credit is one major tool, but a number of other financing programs could be used in combination with this credit, such as: the Low Income Tax Credit, the New Market Tax Credit, and state and local tax credits. A barrier to combining tax credits to support historic preservation is the lack of awareness of these opportunities, which may be addressed by providing avenues to educate both the general public and real estate professionals as to the value of mixing tax credits.