State Historic Rehabilitation Tax Credit
The State Historic Rehabilitation Tax Credit (SHRTC) is fully funded. The $50 million program will be administered by the Office of Historic Preservation (OHP) and the California Tax Credit Allocation Committee (CTCAC).
Implementation
The submitted rulemaking package was returned to OHP as disapproved due to technical omissions. These omissions will be corrected and submitted for public comment with a third 15-day public review period. The comments will be answered and resubmitted to the OAL for their consideration. The resubmitted rulemaking package will be made available to the public for their information at that time.
The program is still expected to open in the fall of 2024.
The CTCAC has posted their regulations for a 45-day public review and comment period, ending July 22nd. Their proposed rulemaking package is available for review and comment on their program regulations web page.
To stay apprised of updates as well as more specific information about the program as it becomes available, check this webpage and/or sign up for the OHP email list.
Resources
National Trust for Historic Preservation:
- State Historic Tax Credit Nationwide Data Center
- State Historic Tax Credit Resource Guide
- Report: State Historic Tax Credits: Opportunities for Affordable Housing and Sustainability
Project Test