New Jersey Historic Tax Credits

A Summary of New Jersey’s HTC’s

  • New Jersey Historic Property Reinvestment Program
  • 40 percent of the cost of rehabilitation up to a maximum of $4 million, for rehabilitation projects NOT located within a qualified incentive tract or a government-restricted municipality
  • 45 percent of the cost of rehabilitation up to a maximum of $8 million, for rehabilitation projects located within a qualified incentive tract or a government-restricted municipality
  • 45 percent of the cost of rehabilitation up to a maximum of $50 million for rehabilitation projects that include a transformative property
  • Annual Program Cap: $50 million
  • Sunset Date December 31, 2028
  • Prevailing wage requirement