Bush Tax Plan Threatens Historic Preservation Incentives

Tax credits for preserving historic buildings and building low-income housing have resulted in the rehab of tens of thousands of buildings in America. “These credits help make historic rehab and low-income housing projects viable for profit-minded developers who might otherwise opt for less risky ventures.” But “despite the fact that they have helped stabilize neighborhoods, create businesses and jobs, and boost tax revenues in small towns and big cities alike, these incentives are in danger of being marginalized by a current White House proposal.”