Historical tax credits are powerful financial incentives designed to encourage the preservation and rehabilitation of historic buildings. Through both federal and state programs, property owners who restore certified historic structures can receive a dollar-for-dollar reduction in their tax liability — often covering 20% to 45% of qualified renovation expenses.
Bayou Development’s construction and development teams have utilized both federal and state historic tax credits in the renovations of more than 70 residential units across the city of New Orleans.
