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Report on Historic Preservation Tax Incentives and Affordable Housing.

This bill directs the Secretary of Interior to submit a report to Congress on the interpretation and application of rehabilitation standards for the Federal Historic Preservation Tax Incentives program. The report aims to identify ways to improve the program, remove barriers to affordable housing development, and ensure historic properties are protected. This could make it easier for citizens to utilize tax incentives for historic property renovations and potentially increase the availability of affordable housing.
Key points
Requires a report on the Federal Historic Preservation Tax Incentives program to be submitted within one year of the Act's enactment.
The report will include data on application processing times, denials, and approvals over the past 10 years.
It will identify improvements to facilitate conversion of non-residential buildings into housing, address hazards, and promote energy efficiency and accessibility.
The goal is to remove barriers to affordable housing development while safeguarding historic preservation.
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Status: Expired
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Additional Information
Print number: 118_HR_10116
Sponsor: Rep. Magaziner, Seth [D-RI-2]
Process start date: 2024-11-12