To direct the Secretary of Interior to submit to Congress a report on the National Park Service's interpretation and application of the Standards for Rehabilitation for use of the Federal Historic Preservation Tax Incentives program.
Impact
The proposed bill requires the report to include historical data on program applications over the past decade. This data will cover processing times, number of denied or approved applications, and conditions that may hinder the approval process. Furthermore, it emphasizes the need for establishing recommendations to improve the existing Standards, ensuring that they not only preserve historical integrity but also support modern housing needs and sustainability initiatives.
Details
The bill specifies that the report should address various factors including barriers in interpretation of the Standards, steps taken by the National Park Service to clarify such interpretations, and input from users of the program. This comprehensive approach aims to streamline the process while acknowledging the historical and cultural significance of the structures involved. Additionally, the Secretary is instructed to consider economic feasibility and climate risks, making it a forward-thinking proposal in historical preservation.
Summary
House Bill 2448 is aimed at enhancing the Federal Historic Preservation Tax Incentives program by directing the Secretary of the Interior to submit a detailed report to Congress regarding the National Park Service’s interpretation and application of the Standards for Rehabilitation. This report is crucial for understanding how these standards are currently implemented and how they can be improved to facilitate the development of affordable housing while still protecting historic properties.
Contention
There are potential points of contention regarding how the Standards for Rehabilitation balance between safeguarding historical properties and promoting their adaptation for contemporary needs, such as affordable housing. Stakeholders may express differing opinions on the necessity of modifications to the standards, particularly regarding how they affect housing developers and the preservationist community. Furthermore, the bill raises questions of prioritization: balancing the immediate needs for housing against the long-term goals of heritage conservation.
To amend the National Trails System Act to direct the Secretary of the Interior to conduct a study on the feasibility of designating the Bay Area Ridge National Scenic Trail, and for other purposes.
Urging the President of the United States, the Director of the National Park Service and the Congress of the United States to provide the funding needed to complete the full historic restoration of the Chateau at Oregon Caves National Monument.
To authorize the Secretary of the Treasury to direct the Federal Deposit Insurance Corporation and the National Credit Union Administration to establish emergency transaction account guarantee programs, and for other purposes.
Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Education relating to "William D. Ford Federal Direct Loan (Direct Loan) Program".
Providing for historic homeownership preservation incentive tax credit; imposing duties on the Department of Community and Economic Development and the Pennsylvania Historical and Museum Commission; and establishing the Historic Homeowner Preservation Tax Credit Administration Fund.
Establishes the large projects historic rehabilitation tax credit and the "white elephant" housing historic rehabilitation projects tax credit program for qualified rehabilitation expenditures totaling fifty million dollars or more with respect to a certified historic structure that has been vacant, as determined by local code enforcement or other reasonable means, for at least ten of fifteen consecutive years preceding the date of the taxpayer's application for the rehabilitation credit.
Establishes the large projects historic rehabilitation tax credit and the "white elephant" housing historic rehabilitation projects tax credit program for qualified rehabilitation expenditures totaling fifty million dollars or more with respect to a certified historic structure that has been vacant, as determined by local code enforcement or other reasonable means, for at least ten of fifteen consecutive years preceding the date of the taxpayer's application for the rehabilitation credit.