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 - PRI is working hard to protect Rhode Island's unique and historic places.
Rhode Island Historic Tax Credits funded again!
As the 2023 budget deliberations concluded, lawmakers allocated $28 million to fund the State Historic Tax Credits. This funding is on top of $20 million allocated in the 2022 budget resulting in a revitalized program that will catalyze new investment in Rhode Island’s historic places.
The program helps owners of income-producing buildings meet the costs of substantial restoration and rehabilitation projects, offering a state tax credit of 20% against qualified costs.
Established in 2001, more than 300 historic buildings throughout the state have been rehabilitated using State Historic Tax Credits, representing more than $1.8 Billion in private investment. Prior to 2022, funding had been exhausted and projects stacked up in queue awaiting new allocations. New funding will now unleash ready-to-go projects, lined up to boost the redevelopment of historic buildings in historic mill complexes and along main streets and downtowns.