The Senate votes to keep a decades-old tax incentive for renovating older buildings.
After months of intense lobbying from preservationists, the Senate scrapped a plan to sunset the 10 percent portion of the Federal Historic Rehabilitation Tax Credit 'rehab credit' to pay for the larger 'JOBS' bill the chamber overwhelmingly approved... The rehab credit was enacted in 1981 to spur private sector reinvestment in historic and older buildings. Originally designed by Congress as a means for making tear-downs for new construction a less attractive option over renovating quality older building stock, the two-part rehab credit is now recognized as a valuable economic development tool in disinvested areas.
Thanks to Chris Steins
FULL STORY: Senate Votes to Keep Program for Saving Older Buildings
Depopulation Patterns Get Weird
A recent ranking of “declining” cities heavily features some of the most expensive cities in the country — including New York City and a half-dozen in the San Francisco Bay Area.
California Exodus: Population Drops Below 39 Million
Never mind the 40 million that demographers predicted the Golden State would reach by 2018. The state's population dipped below 39 million to 38.965 million last July, according to Census data released in March, the lowest since 2015.
Chicago to Turn High-Rise Offices into Housing
Four commercial buildings in the Chicago Loop have been approved for redevelopment into housing in a bid to revitalize the city’s downtown post-pandemic.
Median Home Prices Top $1 Million in Over 200 California Towns
Towns once known for their affordability are seeing sharply rising home prices.
LA County Receives Reconnecting Communities Grants
Seven grant awards totaling $162 million will be used for planning, capital projects, and regional partnerships to reduce environmental harm and improve access in disadvantaged communities.
Seine Pollution Could Hinder Olympic Swim Events
Events like the triathlon could be impacted if tests continue to reveal high levels of dangerous bacteria in Paris’ famous river.
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