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Category: Pennsylvania’s Historic Preservation Tax Credit (Page 3 of 4)
It wouldn’t be New Years without a top 10 recap, and I didn’t want to disappoint you by not giving our faithful readers a recap of their favorite blog.
Continue readingLots of work has been going on these past few weeks to reauthorize and expand Pennsylvania’s state Historic Preservation Tax Credit. Take a look! Continue reading
The Chinese calendar says 2019 is the Year of the Pig. I’m feeling optimistic and thinking that 2019 might also be the Year of the Pennsylvania Historic Preservation Tax Credit.
This week’s post brings you “5 Things” to know for November and December 2018. Take a breather from your Thanksgiving holidays and read about new staff, important deadlines, and a fun way to show what you’re thankful for. Continue reading
After a chaotic winter where one of the federal government’s most successful historic preservation programs over the past 40 years – the Historic Preservation Tax Credit – was almost eliminated during federal tax reform, there is a lot to catch up on relating to both the federal and Pennsylvania historic tax credit programs. Continue reading
The Pennsylvania State Historic Preservation Office (PA SHPO) is happy to announce the opening of a new Preservation Services ITQ contract for future consulting opportunities with the PA SHPO. We are inviting consultants to pre-qualify and be notified of upcoming bids for the exciting work we do.
Continue readingThis ride wasn’t nearly as fun as a real roller coaster ride, but the fight to keep the historic tax credit alive felt like one with all the ups, downs, twists, and turns. Continue reading
Due to Fiscal Year 2015-2016 budget challenges, the status of Year 3 of Pennsylvania’s Historic Preservation Tax Credit program was up in the air through March 2016. With the enactment of a budget, there was a brief application window with a March 24, 2016 deadline. The shortened budget period did impact the total number of applications to the Department of Community and Economic Development (DCED) as the total decreased from 30 in the second round to 23 applications for the third round.
PHMC quickly reviewed the applications to ensure applicants owned qualified historic buildings and that proposed rehabilitation plans met the Secretary of the Interior’s Standards for Rehabilitation. As the qualified applications far exceed the limited $3 million in available credits, DCED used a fair and balanced selection process based on a first -come, first serve basis with regional distribution to select the first round of projects. Continue reading
During my tenure with Pennsylvania’s Historic Preservation Office, I reviewed numerous legislative drafts for the long-awaited Pennsylvania Historic Preservation Tax Credit program. Early drafts included a historic homeowner component. Later versions proposed grants instead of tax credits. All dozen or so drafts were bypassed in the legislative process until the approval of the Pennsylvania Historic Tax Credit program in the Fiscal Year 2012-13.
After a successful launch of the program in Fiscal Year 2013-14, I was eagerly anticipating the approval of the first historic tax credit project. My money was on a project from Philadelphia or Pittsburgh. These two cities received the most state tax credit allocations and have a long track record for project completion. To my surprise, those two cities will need to take a back to seat to the Flagship City of Erie – our Gem City situated on the sparkling water of Presque Isle Bay and Lake Erie – and the striking rehabilitation of the CF Adams Building by the Erie Insurance Exchange. Continue reading
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