Help Save NYS Tax Credits for Historic Rehabilitation
June 23rd, 2010
MAS needs your help in stopping the State Legislature from suspending, and effectively eliminating, tax credit programs that encourage the rehabilitation of historic properties in lower income neighborhoods throughout New York State. The Rehabilitation Tax Credit programs encourage the restoration of properties both listed on the State and National Register of Historic Places and located in distressed census tracts. Read below for how you can help.
MAS estimates that approximately 16,200 properties in New York City qualify for these credits. MAS maps outlining where these credits are applicable are included in the slideshow above. The maps indicate in grey the lower income census tracts and in red those properties that are listed on the State and National Register of Historic Places, and show that large parts of New York City are currently eligible for the historic rehabilitation tax credits. For a closer look, download pdfs of the city-wide map and the individual borough maps. Continue Reading>>






MAS is pleased to announce that our efforts to preserve the threatened historic resources of the South Street Seaport, namely the buildings of the Fulton Fish Market, have recently been rewarded. It remains unclear when (or even whether) the plan by developer General Growth Properties will proceed, but just last week we received word that, at our behest, the State Historic Preservation Office (SHPO) has agreed to list the New Market Building as a contributing element within the State and National Register Historic District.