In this month’s Novogradac Journal of Tax Credits, Heritage President Cindy Hamilton highlights Tulsa’s early success with state historic tax credits. The article explains how the city leveraged Oklahoma’s state and federal historic tax credits (HTCs) to spark large-scale downtown revitalization. Following a comprehensive survey that identified hundreds of eligible historic buildings, developers utilized the state’s 20% credit—paired with the federal 20% credit—to finance major rehabilitation projects. These investments have transformed long-vacant buildings into housing, hotels, and other productive uses, generating hundreds of millions in economic activity and positioning Tulsa as a national model for mid-sized cities using historic preservation as a powerful economic development tool.