Preservation Action, Legislative Update
Volume 19, Number 30, August 12, 2016 →
National Trust Releases Updated Historic Tax Credit Data Prepared by State
Our partners at the National Trust for Historic Preservation (NTHP) recently released updated federal Historic Tax Credit (HTC) economic data, maps, and project lists, prepared by state. The updated data shows federal HTC projects that received Part 3 certifications from the National Park Service between the years of 2002-2015. The data clearly shows that in vast majority of states, the tax revenue generated by the HTC, was far greater than the tax credits allocated.
The economic data, maps, and project lists make for a great resource as you continue to schedule meetings and site visits with your members of Congress during the summer recess. This is especially important after the Tax Reform Blueprint released by House Republicans earlier this summer, calls for the elimination of numerous tax credits and deductions. Congress will be on summer recess until September 5th, if you haven’t already schedule a meeting or site visit with your members of Congress today!
Check out the economic data, maps and project lists from your state. Also, be sure to check out Preservation Action’s latest Action Alert for more tools and helpful tips as you schedule your in-district meetings.
Philadelphia Implementing Disaster Plan for Historic Buildings
Philadelphia is the first major U.S city working to implement a disaster plan to protect their historic buildings. The plan is part of larger effort to preemptively prepare for the effects of climate change. Utilizing a $1.5 million grant for stabilization and repair of historic structures, provided through the National Park Service after Super-storm Sandy, the Pennsylvania SHPO and Philadelphia Office of Emergency Management worked to develop the Disaster Planning for Historic Properties Initiative. The goal of the initiative was to identify the threats to historic structures in natural disasters and find solutions to those threats.
According to an initial assessment from PlanPhilly, the study identified 505 historic properties, mostly in the city center of Philadelphia, located in flood zones that could be at risk from a category 1 hurricane. Interestingly, some of the more iconic colonial buildings, like Independence Hall, are not in immediate danger from floods, because when the city was laid out the more important buildings were located on higher ground. Of course some of those buildings still face threats from other natural disasters.
After an additional $200,000 in funding from the state, Philadelphia has begun a series of studies aimed at mitigating the risk posed to historic structures by a variety of natural disasters. This initiative in Philadelphia is huge step forward, hopefully inspiring other cities to include historic structures when creating disaster plans.
Stories From Around the States