Economics for Developers

The cost of rehabilitating older buildings typically runs 25-33 percent less than comparable new construction, and it costs more to demolish a building than to rehabilitate it. In cases where costs between construction and rehabilitation are equivalent, the historic building usually offers more amenities, such as a centralized location, greater height or volume, aesthetically pleasing architectural details, and time saved in construction. These amenities help land tenants, which results in higher occupancy rates and rents.


Read more in: The Economics of Historic Preservation: A Community Leader's Guide.

Cash for Caulkers

Read More about President Obama's new retrofitting "Cash for Caulkers" program...

Rehabilitation FACT:

Since its inception in 1976, the Federal Rehabilitation Tax Credit has encouraged the rehabilitation of more than 31,000 historic properties representing over $31 billion in private investment.