Prosperity through Preservation eNewsletter — Summer 2012

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Fly-in participants from Heritage Ohio joined NTCIC and NTHP staff for a visit with Senator Rob Portman. Pictured (l-r) are: Ron DeGrandis, Joyce Barrett, Antonin Robert, Senator Portman, Tom Cassidy (NTHP), Anna Klosterman (NTCIC)

An update from the National Trust for Historic Preservation and the Historic Tax Credit Coalition on Protecting and Enhancing the Federal Historic Tax Credit

Americans Support Historic Tax Credits!

We’re delighted to share the results of a recent bi-partisan poll of 800 registered voters that we commissioned to inform our work on the historic tax credit.

  • 62 percent supported continuing the historic tax credit as Congress makes decisions about the budget (28 percent opposed);
  • 75 percent think that the credit has a positive impact on revitalizing older neighborhoods and downtown areas;
  • 74 percent believe that the credit has a positive impact on preserving our country’s heritage;
  • 66 percent feel the credit has a positive impact on creating jobs;
  • A strong majority of 60 percent support the credit, even in light of the federal budget crisis, versus 36 percent that oppose it.

Research also shows that as people learn more about the credit, the intensity of their support increases. These results are very encouraging and findings have already been incorporated into our advocacy strategy. Learn more about tax credit messaging in a National Trust webinar, archived online here:

Friends of the Historic Tax Credit Descend on Washington

On July 11-12, the National Trust and the Historic Tax Credit Coalition welcomed 25 advocates from 11 different states in the first ever “fly-in” devoted entirely to the federal historic tax credit. With strong support from the Trust subsidiary, the National Trust Community Investment Corporation (NTCIC), we met with almost 80 different Congressional offices, resulting in an increase in cosponsors from 27 to 42 in the House and from three to five in the Senate. Maine became the first state to get 100 percent of its delegation signed on as cosponsors! Several congressional offices issued the same call to action: “Now is not the time to rest on your laurels. We need you to keep asking us to protect and expand the historic tax credit.” A huge thank you to participating state and local partners and coalition members for making the experience such a success!

Get your Members of Congress Onboard with CAPP!

Members of the House and Senate are now on recess through the first week of September. This is a great time to pay your elected officials a visit while they’re in their home state. First check, if your senators and representatives are "Creating American Prosperity through Preservation Act" (CAPP) co sponsors. If not, arrange a meeting to discuss how important the federal historic tax credit is to your state. Visit www.savehistorictaxcredit.org for talking points and then contact us for maps and statistics for your member’s state or district. To reach your members by email use our sample letter for senators and representatives that you may personalize.

Senator Coburn (R-OK) Critiques Use of Historic Tax Credits

If we needed any proof that our advocacy on behalf of the community revitalizing effects of historic tax credits is as important as ever, we have it in this video of Senator Tom Coburn’s (R-OK) attack on projects that combine historic tax credits with the New Markets Tax Credits. Senator Coburn’s remarks begin at minute 278:30. Senator Robert Menendez (D-NJ) and Senator Ben Cardin (D-MD) responded to Senator Coburn with examples of developments that would not have occurred but for the combination of these tax credits. The practice of combining tax credit equity to projects in low-income census tracts creates strong community benefits. Learn more here. We’re working with Oklahoma developers to respond to the concerns raised by Senator Coburn.

Thanks for your support of building prosperity through preservation. Please feel free to forward this email to friends or let us know if you wish to unsubscribe from this list.

Prosperity through Preservation is a joint effort between the National Trust for Historic Preservation and the Historic Tax Credit Coalition to protect and ehance the federal historic tax credit.

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