State Historic Rehabilitation Tax Credit

The Office of Historic Preservation has completed its review of the State Historic Tax Credit applications.  We appreciate all applicants, their time and interest in applying.  Thank you for your efforts to rehabilitate these historic resources, to keep them in viable use so that new stories can be added to those of the past, enriching our present and giving hope for the future. 

Notifications have been sent to all applicants.  Those that were successful have been forwarded to the California Tax Credit Allocation Committee (CTCAC) so that they may calendar consideration at their next available hearing.

In summary:

Commercial Projects Over $1 Million

$40 million allocated

35 Applications received

Two projects recommended for approval.

All funds are exhausted by the first two projects

Note: The application process for this category is now closed.

Commercial Projects Under $1 Million  

$8 million allocated

Four applications received

Two recommended for approval

Approximately $7.5 million remaining

Residential

$2 million allocated

13 Applications received

6 recommended for approval

$ 1,745,848 remaining

 

For more information:

Over $1 million category, the full list and receipt timestamp information:

Over $1 Million Applications Queue Order

All applications summary sheet: Application Summary Sheet

 CTCAC website: https://www.treasurer.ca.gov/ctcac/

For further inquiries, please email:  Amy Eubanks at calshpo.tax@parks.ca.gov

 

The State of California offers tax credits for the rehabilitation of eligible historic residential and income-producing properties. 

Below you will find:

For complete SHRTC information, download and read the 10-page SHRTC Program Regulations.

For complete SHRTC information, download and read the CTCAC Regulations


Do you have a historic home? 

Learn about the California State Historic Rehabilitation Tax Credit Program for Residential Properties.  

 

Do you have a historic commercial or income-producing property? 

Learn about the federal and State Historic Rehabilitation Tax Credit Program for Commercial and income-producing Properties.

 

 

State Historic Rehabilitation Tax Credit Allocation Categories

Residential

Qualified Expenses Less than $1 Million

Qualified Expenses Greater than $1 Million

 Budgeted allocation $2,000,000  Budgeted allocation $8,000,000 

 Budgeted allocation $40,000,000 
Funding has been exhuasted
We are currently not taking applications
for this category
  Minimum $25,000 qualified expenses  Minimum $25,000 qualified expenses   Minimum $25,000 qualified expenses 
  Property must be listed in the California Register or National Registers    Property must be eligible for or listed in the California and/or National Registers   Property must be eligible for or listed in the California and/or National Registers
 Occupancy and income eligibility requirements  Dual projects must meet federal requirements   Dual projects must meet federal requirements
Credit capped at $25,000 Credit available for 20% or 25% of QRE Credit available for 20% or 25% of QRE

 When the total project estimated Qualified Rehabilitation Expenses exceed the funding allocated for the allocation category, OHP stops accepting applications for that category.

Application Forms and Instructions

These application forms are fillable PDFs. Download the form and fill in the fields as directed. Save the completed form and name the file.

Please read the instructions thoroughly and complete the forms. 

Incomplete applications will be placed on hold until a completed application is provided. 

Application Instructions (v. 5/24)

Application Forms

Initial Project Application Sections 1, 2 and 3 (v5/24)

Section 2: Application Narrative (v5/24)

Section 2: Amendment Form (v5/24)

Completed Project Application Sections 4 and 5 (v5/24)

 

Program Overview

State Historic Rehabilitation Tax Credit Program

Qualified rehabilitation projects may receive a tax credit of 20% of the qualified rehabilitation expenditures (QREs). Some projects may qualify for a 25% tax credit if certain criteria are met (see Appendix D of the Application Instructions).

Residential projects costing less than $25,000 in QREs do not qualify for the tax credit. Residential projects with a QRE greater than $125,000 are limited to the $25,000 tax credit allocation cap.

Funds for the State Historic Rehabilitation Tax Credit have been allocated into three categories:

  • A certified historic structure that is a qualified residence
  • A certified historic building with qualified rehabilitation expenditures (QRE) of less than $1 million
  • A certified historic building with qualified rehabilitation expenditure (QRE) of $1 million or more

Applications will be reviewed until the allocated funds for that application category are depleted for the year. 

A completed Initial Project Application and application fees must be submitted to be considered.

Dual Projects

Dual projects still in construction are only required to submit the state Initial Application Form and the fee.

Dual projects completed after January 1, 2022 are only required to submit the Completed Project Application form, including all statisticsal information, and the entire fee computed from the final QRE.

No additional requirements beyond the previously submitted federal submission that was transmitted separately are needed.