Last Update: July 3 @ 11:40 PM
Posted Feb 4, 2008
Government
Credit cap threatens ongoing projects
Historic preservation depends on tax help
In 2003 – the year after Maryland imposed a $30 million cap on its historic preservation tax-credit program – Struever Bros. Eccles & Rouse started operations in Rhode Island, where the new tax-credit program had no cap. Now, the Ocean State is considering a cap of its own that Church Community Housing Group’s Stephen Ostiguy (at left, outside the nonprofit’s Mumford Manor project) and others say would mean big problems for developments already in progress. More »
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