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Dear Representative Carnahan:
I write on behalf of the American Public Transportation Association (APTA) and its 1,500 member organizations to extend our support for H.R. 3670, the Historic Homeowners Revitalization Act of 2009. If passed, the legislation would create an important tax incentive for homeowners to rehabilitate and restore their historic homes, which would have a multitude of economic benefits in communities across the country.
Since it was enacted in 1976, the Historic Rehabilitation Tax Credit has created 67,000 jobs and leveraged over $45 billion in private capital by preserving commercial and public buildings. The proposed legislation fills an important gap in financing historic preservation by providing a tax credit for the renovation and restoration of a homeowner’s primary residence.
At a time of grave uncertainty about the future of the American economy, this bill will help generate construction jobs, boost property values, and breathe new life into main streets and city centers, many of which are already served by our membership. Restoring historic homes and neighborhoods that are already linked to existing infrastructure is sound environmental and economic policy that empowers local governments to more efficiently manage the growth and development of their communities.
APTA looks forward to working with you to pass the bill. If you have any questions, please contact Meredith Slesinger of APTA’s Government Affairs Department at (202) 496-4860 or email email@example.com.