This week PlaceEconomics, the private sector consulting that focuses on the economic impact of historic preservation, released a new report on the important role investing in older housing could play in creating more resilient neighborhoods, in the post COVID-19 world. The report argues that future economic recovery efforts should have multiple impacts: COVID-19 recovery, stimulate the economy, address the affordable housing crisis, build resilient systems, and invest in long-term assets. One investment that checks all of those boxes is in investing in older housing.
The report lays out 4 policy proposals for the next round of stimulus spending in response to the coronavirus, that would all meet the criteria laid out above.
Check out the "Reinvesting in Older Housing- A Key Component of Post COVID-19 Resiliency" report from PlaceEconomics to learn more!
- Provide local governments with funds to invest in older housing stock.
- Adopt a Historic Homeowners Tax Credit Program.
- Expand the Federal Rehabilitation Tax Credit to benefit smaller projects.
- Create job training program for rehabilitation trades.
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