Historic Revitalization for Missouri
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Protects, Enhances & Promotes Historic Revitalization
About Historical Preservation Tax Credits
Since its inception in 1998, the Historic Tax Credit continues to be an important program which helps to support more than $10 billion in private investment in the renovation of historic communities. More than preserving individual buildings, this program creates jobs and contributes to local economies by spurring development and investment in blighted areas.
Historic Tax Credit (HTC) Successes
- $400-500 Million in average annual total project cost
- $10 Billion in historic redevelopment projects since program started
- 80+ cities and towns with HTC projects
- 7,500+ jobs produced annually
- HTC is an incentive for private investments in abandoned historic properties
- Increases property values
- Positive return on state and local investments
Why HRM?
- Leading advocate for HTC in the Missouri General Assembly
- Communicates and works with the Department of Economic Development (DED) & State Historic Preservation Office (SHPO)
- Political support network throughout the state
- On-Going Legislative Reports
- Provide a directory of professional service consultants, contractor, financial institutions, organizations, and developers involved in the Historical Revitalization industry
- Advocate for effective and efficient rules and regulations in the HTC program