What Will Happen To Historic Preservation Tax Credits?

18 March 2003 - 12:00pm

The White House's economic plan compromises the Historic Preservation Tax Credit program, writes Richard Moe in a WSJ editorial.

"Saving HPTC and LIHTC is not just a question of placating some special-interest groups or allowing investors to make a profit on risky projects. Far from it. Saving these credits is key to sustaining the momentum of efforts to reclaim areas hit hard by disinvestment and to provide decent, affordable housing for those who need it desperately."

Source: Wall St. Journal, March 18, 2003
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No matter how one wanted to organize the ideal city, housing security would be part of it. No community can function effectively if large numbers of its residents are regularly displaced or perpetually at risk of being displaced.