Benham announces $125,000 in funding via tax credits for historic preservation project
Last updated 8/1/2021 at 8:13pm
State Rep. Jessica Benham, D-Allegheny, announced a total of $125,000 in Historic Preservation Tax Credits will benefit a preservation project on East Carson Street in the 36th Legislative District.
"Our region is in need of these type of investments that enable the preservation of our historic buildings while fostering progress and revitalization of our neighborhoods," Rep. Benham said. "Anytime there is an opportunity for preservation, we have to recognize there is also an opportunity for community enrichment and growth."
The award is for the rehabilitation of significant terra cotta clad Maul Building in the 1700 block of the East Carson Street Historic District. The project has $2.5 million in estimated construction expenditures.
Rep. Benham explained the Historic Preservation Tax Credit program has been administered by the Department of Community & Economic Development and Pennsylvania Historical & Museum Commission since 2013, having invested more than $28 million to rehabilitate 154 historic buildings leveraging an estimated $2 billion in construction expenditures. The investments have helped preserve buildings that contribute to the distinct character of Pennsylvania's boroughs, townships and cities.
According to Ms. Benham, the Maul Building is one of 27 projects allocated $5 million in tax credits leveraging an estimated $215 million in construction expenditures. In all, 49 applicants had sought nearly $21 million in tax credits for construction projects totaling more than $394 million in estimated construction expenditures.