Historic Tax Credit Program

Written By Luke Tarquin

For our friends in Kansas, a 2024 economic report on Historic Preservation shows how important the Historic Tax Credit program is economically. 

In Kansas in FY 2024, Federal HTC-related rehabilitation activity totaled about $131 million. The national impacts of that investment included 2,380 jobs, an additional $242.9 million in output, $91.6 million in income, $126.9 million in GDP, $21.1 million in Federal taxes, and $73.5 million in total taxes.

In Kansas alone, the same $131 million in HTC-related spending resulted in 1,390 jobs, $131 million in output, $58.2 million in income, $73.8 million in gross state product (GSP), and $59.5 million in total taxes. 

WOW! For the small scale developers out there here is the fact to celebrate: the median project cost in Kansas for FY2024 was $1.5 million. 

Read here: https://lnkd.in/eAqemRCd

Luke Tarquin
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Part 1: How a Dying Mid-Century Mall Found New Life