August 1, 2012 State Tax Credit Allocations for Two HBI Projects
Historic Boston Inc. is pleased to announce allocations of Massachusetts Historic Rehabilitation Tax Credits for two HBI projects, each for $300,000. The 1836 Alvah Kittredge House in Roxburyreceived its second allocation of credits, bringing that project?s total to $600,000 of the $814,000 for which it is eligible. The 1875 Hayden Building in Chinatown received its third historic tax credit allocation, raising its total allocation to date to $900,000 of the $1.2 million for which it is eligible.
The Massachusetts Historic Rehabilitation Tax Credit is a very valuable tool for historic preservation, particularly for at-risk properties where project expenses are high. HBI is grateful to Secretary of State William Galvin and the Massachusetts Historical Commission for their confidence in HBI and their support for these two projects.