New NJ State Historic Tax Credit: Critical for Preservation, Smart Growth, and the Economy

Date/Time
06/11/2021
3:15 pm - 4:15 pm

Website:
https://pheedloop.com/njprc21/site/home/


Friday, June 11 at 3:15PM
as part of virtual NJ Planning and Redevelopment Conference

Historic preservation is a critical strategy for aesthetic, cultural, environmental, and economic perspectives and is a key tool for smart growth. Since the 1970s, historic tax credits (HTCs) for investing in historic rehabilitation have been a critically important incentive. There is a federal HTC and about 35 state HTCs. While for many years New Jersey was the only Northeast state that did not have a state HTC, the New Jersey Economic Recovery Act of 2020, enacted December 2020, has authorized a state historic tax credit for the Garden State. This session summarizes the larger context of federal and state HTCs in the United States, then details the financial provisions of the new HTC in New Jersey, and finally describes the field-level historic preservation, planning, adaptive reuse, and downtown revitalization importance and application of the New Jersey HTC.

Panelists:

  • David Listokin, Professor, Rutgers University
  • Emily Manz, Executive Director, Preservation New Jersey
  • Michael Hanrahan, Principal, Clarke Caton Hintz
  • Samer Hanini, Founder, Hanini Group
  • Tom Boccia, Partner, Novogradac & Company LLP

This webinar, featuring DNJ Board Member Emily Manz, is part of the
2021 NJ Planning & Redevelopment Conference (a paid event).

Conference Website

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