Historic Preservation Solutions to Build Back Better

The National Trust for Historic Preservation has sent the Biden-Harris Administration a new report describing the many ways historic preservation aligns with the President’s efforts to address some of our nation’s most pressing challenges. The Administration has identified several priorities that includes catalyzing economic recovery, confronting racial equity challenges, and prioritizing climate change. Historic preservation supports these priorities by promoting economic growth, helping communities rebuild, advancing policies that celebrate historic places to advance racial equity, and encouraging sustainable and equitable development in both rural and urban environments. The National Trust published Historic Preservation Solutions to Build Back Better, to provide more detailed information about how historic preservation supports these broader policy objectives. From supporting America’s Main Street commercial districts in small towns and big cities, to the rehabilitation and reuse of older buildings, to meeting community needs such as affordable housing, the report conveys the National Trust and the broader historic preservation community’s interest in working with the Administration to accomplish these shared social and economic objectives.

Appropriations

The annual federal appropriations process has big impacts on historic preservation work nationwide. Learn more about the National Trust’s appropriations work and how you can advocate for key federal programs that help steward and protect historic places in every state and congressional district.

Key Opportunity to Strengthen the Federal Historic Tax Credit

As Congress considers its ongoing response to the coronavirus pandemic and the need to stimulate economic activity, legislators must hear from the preservation community that the Historic Tax Credit (HTC) is a proven economic recovery tool that should be strengthened and incorporated into legislation designed to revitalize our nation’s struggling communities.

On July 1, the Moving Forward Act (H.R. 2), a $1.5 trillion proposal designed to rebuild and invest in our nation’s infrastructure, passed the House 322-188 largely along party lines. The proposal incorporates community development provisions that support infrastructure financing, including several provisions that strengthen the HTC. If enacted, H.R. 2 would bolster community revitalization and job creation efforts, better promote affordable housing in historic buildings, and create long overdue efficiencies to the program. 

State Historic Tax Credits

 Thirty-four states currently offer credits against state taxes to provide incentives for the appropriate rehabilitation of historic buildings. Since many historic rehabilitation projects are viable only with the financial leverage of both the federal credit and a state credit, states that have state-level historic rehabilitation tax credits typically see a greater level of historic rehabilitation activity.

Defending the National Environmental Policy Act

In response the National Trust for Historic Preservation and a coalition of partners filed a lawsuit challenging new National Environmental Policy Act (NEPA) regulations issued earlier this month.  

Historic Tax Credit Growth & Opportunity Act

The Historic Tax Credit (HTC) is a proven tax incentive for both revitalizing historic community assets and supporting economic development and recovery.

Introduced in the House by Representatives Earl Blumenauer (D-OR) and Darin LaHood (R-IL), the new version of the Historic Tax Credit Growth and Opportunity Act (HTC-GO) includes temporary provisions that will bring relief to projects impacted by the pandemic and permanent provisions that will bring more value to the HTC, improve access to the credit, and enhance investment opportunities for smaller rehabilitation projects.

Note: We are updating the State by State Maps and will have the available on 4/6/2021

HUD and Eliminating Barriers to Affordable Housing

In response to a request for information (RFI), the National Trust offered comments to the Department of Housing and Urban Development (HUD) and the White House Council on Eliminating Regulatory Barriers to Affordable Housing, regarding Federal, State, local and Tribal laws, regulations, and administrative practices that raise the costs of affordable housing and contribute to shortages in housing supply. Executive Order 13878 establishing the White House Council on Eliminating Regulatory Barriers to Affordable Housing states that historic preservation requirements are a regulatory barrier to the development of affordable housing.

Read Key Messages and Full National Trust Comments