Certified California Tax Incentive Projects
FEDERAL HISTORIC PRESERVATION TAX INCENTIVE PROGRAM
The Federal Historic Preservation Tax Incentives Program has proven to be one of the nation's most successful and cost-effective tools for creating affordable housing in historic buildings, revitalizing communities, and preserving historic places that give cities, towns, and rural areas their special character. The incentives reward private investment in the rehabilitation of historic properties that are individually listed in the National Register or contribute to a National Register Historic District and certain registered local historic districts. Properties must be income-producing and must be rehabilitated according to standards set by the Secretary of the Interior.
Federal historic preservation tax incentives generate jobs, both during the construction phase and in the spin-off effects of increased earning and consumption. Rehabilitation of historic buildings attracts new private investment to the historic core of cities and towns and is crucial to the long-term economic health of many communities. Enhanced property values generated by the Historic Preservation Tax Incentives Program result in augmented revenues for local and state government through increased property, business, and income taxes.
The California Office of Historic Preservation is the point of contact within the state for property owners wishing to use the rehabilitation tax credit. OHP may also be able to provide technical guidance before a project begins to make the process as expeditious and economical as possible.
NPS APPROVES 7 CALIFORNIA REHABILITATION TAX CREDIT PROJECTS IN 2012
The National Park Service (NPS) approved 7 California projects in 2012 as certified rehabilitations. These completed projects were determined to meet the Secretary of the Interior’s Standards for Rehabilitation. California ranked 17th in the nation in terms of certified expenses that totaled $46,652,881.
Building types in 2011 included the rehabilitation of residential units, theaters, military installation structures, hotels, and mixed use development. Project floor areas ranged from 3,480 SF to 109,451 SF with rehabilitation costs from $298,543 to $13,700,000. OHP reviewed 54 active projects in 12 counties with estimated total rehabilitation costs of over 800 million dollars.
In the Federal Fiscal Year 2011, NPS approved 744 projects (Part 3s) nationwide which represented an estimated investment of $3 billion. The program continues to be an effective stimulus for economic recovery in older communities with an estimated average number of 78 jobs created per project in FY2012.
See the 2012 NPS Annual Report and Statistical Analysis for national statistics.
OHP is the point of contact for California property owners wishing to use the rehabilitation tax credit. OHP is able to provide technical guidance before a project begins to make the process as expeditious and economical as possible.
2012 Slide Show 2012 Certified Projects and Completed Reviews
2011 Slide Show 2011 Certified Projects and Completed Reviews
2010 Slide Show 2010 Certified Projects and Completed Reviews
2009 Slide Show 2009 Certified Projects and Completed Reviews
2008 Slide Show 2008 Certified Projects and Completed Reviews
CALIFORNIA HISTORIC PRESERVATION TAX INCENTIVES ARCHIVES
Federal Historic Preservation Tax Incentives Applications - California Part3s 1974-2009 (PDF -20 pages)
Federal Historic Preservation Tax Incentives Applications - California Activities 1974-2009 (PDF - 31 pages)
These two lists, organized by county and then city within the county, contain information about Federal Historic Preservation Tax Incentives Application activites between 1974, when the current data base was first initiated, and June 2009 when these lists were generated.
Please be aware that not all of these application projects became "certified rehabilitations" under the federal program. These lists are made available here to provide general information about the amount of and areas involved in tax incentive application activities. The two lists can be cross-referenced by using the unique OHP reference number, which is formated 537.9-XX-XXXX.