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Highlights in the Preservation Tax Incentive Program Project Certification # of Project Certfcation Parts Approved : 120a . 0 �t�.�2 p��:.ti:: - =:< _ - - - - - �. : - =:'r .- jj - ` 1 _ 1 Vtr3 /•'a. 'L ' C) _ _ - _ - _ - _ _ - .a4 - - - - - � :` Fa File Fear OF _ 1000 - - - - : =. _ ti° 4 _.-:; 11C., m - - o- • ' - - .. al OF AL 800 Wali - . - .:,y _ ' - Tyr' ':1191, � : ' am I Z. :r - 621 F to . _y. . 600 am at a , 4t OFF I ma OF I Fee. all m 400 - . = t - .: > ► i- OFF E 200 - mla -:. Flat a . I OF - Z 0 me 1993 1994 1995 1996 1997 IMPartls Q Part 2s Q Part 3s • 480 projects received final certification (Part 3 ) in FY 1997 -- a 6% decrease from FY 1996 . The tax credit for these completed projects leveraged $688 million in rehabilitation expenditures . • The average cost of projects certified in FY 1997 was $ 1 . 92 lYion—an increase of 29% from $ 1 . 49 million in FY 1998 , and up from $ 855 , 839 in FY95 , $921 , 498 in FY 1994 and $962,288 in -FY 1993 . • Since the inception of the Preservation Tax Incentives Program in 1976 , almost 27, 000 projects have been certified, representing an investment of over $ 18 billion. The eleven States with the highest number of approved certification requests are Pennsylvania, Georgia, Kentucky, Louisiana, North Carolina, Minnesota, Missouri, Wisconsin, California, Ohio, and Virginia. These States accounted for 242 approved projects in FY 1997-- 50% of the 480 projects certified nationwide. The data for this report was taken from the NPS report, "Federal Tax Incentives for Rehabilitating Historic Buildings : Fiscal Year 1997 Report and Analysis . " For more information about the Preser- ation Tax Incentive Program, contact the Nati v onal Park Service at (202) 343 -9595 . *49 National Park Service �.. National Center for Cultural Resource Stewardship and Partnership Programs Heritage Preservation Services Branch of State,. Tribal , and Local Programs :