Nearly 40 percent of all federal historic tax credit projects have involved either affordable or market-rate housing, according to the National Park Service (NPS).
The historic tax credit has contributed to the rehabilitation of 238,258 housing units and the creation of 221,132 more. Of these units, 124,341 have been for low- and moderate-income families, reveals NPS in a new 35th anniversary report on the program.
The first project was certified under the program in 1977.
