1. Creates Jobs
Because historic preservation is more labor intensive than new construction, it is proven to create more and better-paying jobs.
2. Is Good for Communities
Americans want to live, work, and visit authentic communities that reflect the area’s unique history and character.
3. Is Good for the Local Economy
More than 75 percent of the economic benefits of historic rehabilitation remain in the local economies. This is because developers of historic buildings buy local and hire local.
4. Is Good for the Environment
Historic rehabilitation, by definition, focuses on existing buildings in existing communities, meaning that green space and farmland are unharmed. These places tend to be dense, walk-able communities that are close to public transit, schools and jobs.
5. Is a Smart Investment
Over the past 32 years, the federal historic tax credit has cost the US $17.5 billion in lost tax revenue. This figure is more than offset by the $22.3 billion in federal taxes these projects have generated.