State Historic Rehabilitation Tax Credit
The State Historic Rehabilitation Tax Credit (SHRTC) is fully funded. The $50 million program will be administered by the Office of Historic Preservation (OHP) and the California Tax Credit Allocation Committee (CTCAC).
Governor Gavin Newsom signed SB451, the state historic tax credit bill, into law on October 9, 2019. Senate President pro Tempore Toni Atkins authored the bill with sponsorship from the California Preservation Foundation and the American Institute of Architects California Council. California joins more than 35 states that have passed historic tax credit bills, providing incentives for investment in local economies and the rehabilitation of historic buildings that reflect the character of communities.
The OHP and CTCAC are currently developing instructions, guidelines, and application forms. Public comment periods and a hearing were conducted in late spring and summer of 2023 to gather input on draft regulations. Regulations are now in review at the Office of Administrative Law, and going through the final rulemaking process prior to program launch in 2024. The rulemaking file is available upon request.
To stay apprised of updates as well as more specific information about the program as it becomes available, check this webpage and/or sign up for the OHP email list.
National Trust for Historic Preservation:
- State Historic Tax Credit Nationwide Data Center
- State Historic Tax Credit Resource Guide
- Report: State Historic Tax Credits: Opportunities for Affordable Housing and Sustainability