Historic Tax Credit Growth and Opportunity Act (HTC-GO) Introduced in House
On May 17, legislation was introduced in the U.S. House of Representatives that would bring more value to historic tax credits and improve access to the credit and investment for smaller rehabilitation projects. H.R. 2825 introduced by Congressman Earl Blumenauer (D-OR) and co-sponsored by Darin LaHood (R-PA), Terri Sewell (D-AL), Mike Kelly (R-PA), Michael Turner (R-OH), and Brian Higgins (D-NY). Senate introduction of similar legislation is expected within the next few weeks.
Read the NTCIC Action Alert to learn how this legislation would increase the value of HTC transactions and encourage redevelopment of smaller, income-producing properties. Please contact your New York Congressional Representative and encourage them to co-sponsor the Historic Tax Credit Growth and Opportunity Act, sponsored by Blumenauer/ LaHood in the House.
A special thank you to representative Brian Higgins (D-NY) for being an early co-sponsor of this legislation!