Expanded Connecticut Historic Structures Rehabilitation Tax Credit Program

A new state historic rehabilitation historic tax credit was signed into law by Governor Rell on June 14, 2007.  The bill expands the tax credit passed last year, which covers the conversion of historic commercial and industrial buildings to residential use (see CPN, July/August 2006). The new law makes mixed-use projects also eligible for rehabilitation tax credits. It also allows a higher credit for affordable housing projects in historic buildings, 30 percent instead of 25 percent.

Anita Mielert, secretary of Connecticut Preservation Action, a statewide lobbying group for historic preservation, praised the new credit, saying, “This gives us two state historic rehabilitation tax credit measures. The law created one year ago remains in force as is. This second measure is for mixed-use projects only. Together they give us up to $95 million over the next three years to accomplish some very, very significant changes to our communities.”

For further information on the most recent tax credit please contact Linda Spencer at the History Division of the Connecticut Commission on Culture and Tourism.