Mayor Walsh of Boston supports federal historic tax credit
August 7, 2014
Historic New England applauds Boston Mayor Martin Walsh for voicing his support for the federal historic tax credit. Mayor Walsh announced this week that he signed a National Trust for Historic Preservation petition opposing the repeal of the credit, which encourages billions of dollars in private investment in the preservation of historic properties.
The Mayor's Office release cited a number of Boston projects, including Baker Chocolate Factory in Dorchester, North Bennet Street School in the North End, Alvah Kittredge House in Roxbury, and Fenway Park, that benefited from the tax incentive, ultimately spurring economic development and creating 14,000 jobs from 2001 to 2013.
The National Trust has developed a set of advocacy tools to help preserve and enhance the federal historic tax credit.