Historic Rehabilitation Tax Credit
Connecticut’s Historic Rehabilitation Tax Credit Program supports the preservation and adaptive reuse of historic buildings through tax credits for approved, standards-based rehabilitation projects.
Funder: Connecticut Department of Economic and Community Development
Due Dates: Rolling (Applications accepted year-round)
Funding Amounts: 25% tax credit on qualified rehabilitation expenditures (QREs); 30% if in an opportunity zone or with affordable housing; per-project cap $4.5M; $31.7M available statewide per fiscal year.
Summary: Tax credits for rehabilitating certified historic structures for residential (5+ units), mixed-use, or nonresidential purposes, supporting preservation and adaptive reuse.
Key Information: Rehabilitation plan approval required before work begins; tax credits may be combined with federal credits.
Description
The Connecticut Historic Rehabilitation Tax Credit Program provides significant tax incentives to encourage the preservation and adaptive reuse of certified historic structures. The program offers a 25% tax credit on eligible construction costs for qualified rehabilitation projects, with the credit increasing to 30% for projects located in federally designated opportunity zones or those that include a qualifying affordable housing component. The program aims to support investments in historic properties that result in residential (five or more units), mixed-use, or nonresidential uses, provided the work is consistent with the building’s historic character. State tax credits may be combined with federal historic preservation tax credits if the project also meets federal requirements.
