This program is administered by the U.S. Department of the Interior, National Park Service. Specifically, tax incentives are available where certified historic structures are certified as having received rehabilitation to preserve and enhance its historic character. Rehabilitation features must conform to the Secretary of the Interior's Standards for Rehabilitation. Certification denials are appealed to the Department of the Interior.
Work is to be completed before receiving a certified rehabilitation status.
NPS charges application processing fees for reviewing requests. Generally, each rehabilitation certification request on a certified historic structure is considered as a separate project for the purpose of computing the application fee. Tenants in tax credit developments are subject to certain maximum income levels and certain maximum rent levels. Encourages private sector to develop affordable housing for low-income households. Investors typically sell the credit to a syndicate or bank and use it as equity for the development.