Thesis

A Case-Based Analysis of the Investment Effects of the Historic Rehabilitation Tax Credit and the Proposed Historic Tax Credit Growth and Opportunity Act

This revision keeps the original thesis's method: it models a single marginal rehabilitation (10 North Third Street, Philadelphia), tests its after-tax performance for several investor types under current law and under the proposed HTC-GO Act, and ends with policy recommendations. Because the CRTA was never enacted, HTC-GO is now the proposal under test.

October 5, 2026 · Updated edition of the 1993 master's thesis · Download (PDF)

A Case-Based Analysis of the Investment Effects of the Community Revitalization Tax Act

Reviews federal historic preservation tax incentives and uses a rehabilitation investment financial model of 10 North Third Street, Philadelphia, to test investment performance under different tax law scenarios, including the proposed Community Revitalization Tax Act, after the Tax Reform Act of 1986 curtailed rehabilitation tax benefits.

Master of Science in Historic Preservation, University of Pennsylvania, 1993 · Download (PDF)