April 2008


New Jersey Future, the statewide research and policy group advocating Smart Growth principles and programs, and Downtown NJ, the association for New Jersey downtowns, have joined the NJ Heritage Development Coalition.  The Coalition is a network of organizations involved in real estate, development, construction, preservation, planning, architecture, housing and urban revitalization that is committed to Smart Growth and is advocating for adoption of a New Jersey historic rehabilitation incentive program.

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from Preservation Maryland:

Governor O’Malley included $10 million dollars for the Heritage Tax Credit program in the supplemental budget presented to the General Assembly on March 31, 2008.

The Heritage Structure Rehabilitation Tax Credit Program is One of the State’s Most Powerful Economic Development and Community Revitalization Tools. Through 2006, the tax credit program has leveraged private sector investment in over 2,600 residential and 550 commercial rehabilitations statewide. The projects represent a combined total of $1 billion in private investment.

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It is a crucial program to the development of historic communities and Main Streets across Maryland. The Tax Credit program is also a key Smart Growth program. Every county in Maryland contains a Tax Credit project.