Creates New Tax-base and Jobs

• In the past 5 years, the Maryland historic preservation tax credit program has stimulated $797 million in new investment in historic properties.
   
• In the next 10 years, the Maryland historic preservation tax credit program is projected to stimulation $2.19 billion in new investment

Smart Growth

• Historic properties are located in central, core communities. Encouraging investment in core communities is Smart Growth.

Commercial Revitalization

• This program is critical to the rehabilitation of historic commercial areas – Maryland’s Main Streets

Heritage Tourism

• Historic neighborhoods and commercial areas attract visitors and generate revenue

Recycles Resources

• Historic preservation saves natural resources by recycling buildings, reducing waste, and saving the environment.

Creates Sustainable Communities

• Historic preservation encourages investments in existing neighborhoods and communities and stabilizes and strengthens them

Progressive Public Policy

• In addition to creating jobs, protecting the environment, and preserving communities, Maryland’s historic preservation tax credit program can also be combined with the Federal low income tax credit programs to create affordable housing.

Traffic Reduction

• According to the US Environmental Protection Administration, the Maryland historic preservation tax credit program has already reduced personal and employment related travel by 16.38 million miles per year, and eliminated the release of 337.4 tons of air pollutants per year in Baltimore alone.

Not Just for Baltimore

• There are over 3,400 historic properties in Montgomery County. Montgomery County communities need the preservation tax credit program.

Click here for the Baltimore Sun editorial supporting the heritage tax credit.