Federal Historic Preservation Tax Credits Benefit California
Federal Historic Preservation Tax Credit projects have generated billions of dollars in spending in California. Between 2009 and 2024, almost 3 billion dollars were spent on rehabilitation expenses. These projects generate spending within the state, leading to the creation of jobs, housing, businesses, and increased tax revenue.
Economic and Tax Impacts of the Federal Tax Credit in California 2020 - 2022
From the most recent infromation compiled by the NPS for years 2020, 2021, 2022
Below are 29 of the most recently completed rehabilitation tax credit projects (Fiscal Years 2021-2025):
Annual Reports of all certified tax projects in California since 2020 are available at OHP's Certified California Tax Incentive Projects web page. For information on tax credit projects before then, contact the rchitectural Review unit.
Fiscal Year/
|
2020 |
2021 |
2022 |
|---|---|---|---|
| Projects Completed | 3 | 8 | 4 |
| Total Rehabilitation Costs | $43,300,000 | $138,000,000 | $155,100,000 |
| Jobs Created | 645 | 2,058 | 2314 |
| Post-Rehab Housing Units | 62 | 318 | 36 |
| State Tax Revenue Generated | $1,700,000 | $5,600,000 | $6,300,000 |
| Open Space | Open Space | Open Space | Open Space |