ADVOCACY
As the only statewide advocate for Rhode Island's historic places...
Preserve Rhode Island works with individuals and groups to provide advocacy and technical assistance at the local, regional, and statewide level. From homeowners to community groups to preservation and conservation partners - Preserve RI is working hard to protect Rhode Island's unique and historic places.
Supporting Historic Tax Credits
The state Historic Tax Credit program is likely the best community development tool Rhode Island has ever created. Since 2002, state Historic Tax Credits have catalyzed investments in 320 buildings across Rhode Island, leveraging more than $2.12 billion in total investment in our communities. Previously abandoned mills, schools, commercial buildings in historic downtowns, and iconic landmarks have all been revitalized by private development projects that were catalyzed by the program.
Tax credits are an important financing tool that helps to solve the current housing crisis. More than 6,547 new units have been created since 2002. Data from 2013 to date show that rehabilitation projects accomplished through state Historic Tax Credits have produced fully 20% of all new housing units in Rhode Island and also 20% of all new affordable housing units.
Paragon Mill in Providence utilized state historic tax credits.
Take Action!
Preserve RI is currently urging the state legislature to support the following bill:
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H7920: extends the program through 2029, so that it doesn’t “sunset” and die this June.
Extending the “sunset” is critical to the continuation of the program. Help us get this passed. Call or email your state legislator now to support these bills and ensure state Historic Tax Credits remain a vital tool for economic development in your community.