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Governor has a historic opportunity

February 18, 2011

With the New Jersey Assembly’s overwhelming affirmative vote yesterday in favor of the Historic Property Reinvestment Act (HPRA, A-1851), the long-sought historic rehabilitation tax credit bill is now firmly on Governor Christie’s desk awaiting his signature.  Four previous New Jersey Governors have been unable or unwilling to make New Jersey the 32nd state to provide a powerful incentive for homeowners and commercial property owners to invest in their historic buildings, and in their communities.  Now Gov. Christie can make history when he signs the bill, providing homeowners with badly needed tax relief, and finally attracting the hundreds of millions of dollars in commercial historic property redevelopment that have been consistently bypassing New Jersey.  Read more at the NJ Heritage Development Coalition blog here>>

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