[Themaintainers] tax credits for maintenance?

[Jaime Taylor]

It’s really unfortunate, though, that there are very little tax credits, grants, or other sources of maintenance assistance for homeowners who want to properly maintain or restore their houses. The below link specifies, for example, that “Owner-occupied residential properties do not qualify for the federal rehabilitation tax credit.” Definitely an area of the kind of non-exciting maintenance that is entirely overlooked in the US. It’s a short-sightedness that is leading to decaying housing stock, which then get replaced with obscene new builds. And a bizarre legal preference for rent-seeking, passive income, and concentration of land ownership in fewer hands.

(She says, as one of the much-maligned millennials who recently bought an old house in need of work because it’s the only kind of house she could afford.)

Jaime Taylor
Discovery & Resource Management Systems Coordinator
W.E.B. Du Bois Library
University of Massachusetts
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From: themaintainers-bounces at lists.stevens.edu <themaintainers-bounces at lists.stevens.edu> On Behalf Of Erin Richardson
Sent: Monday, April 26, 2021 5:06 PM
To: Luis Villa <luis at lu.is>
Cc: themaintainers <themaintainers at lists.stevens.edu>
Subject: Re: [Themaintainers] tax credits for maintenance?

Yes definitely!

There are historic preservation tax credits. For example - repair your original wood windows instead of replacing them. That is just one example - check out the eligible projects in the below link:

https://www.nps.gov/tps/tax-incentives.htm

Erin.


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On Mon, Apr 26, 2021 at 2:07 PM Luis Villa <luis at lu.is<mailto:luis at lu.is>> wrote:
Hey, all-
Are there any US federal (or state) tax credits for maintenance that you're aware of (bonus if you think they're actually... good?)

Asking for a DC friend who is trying to push one, but sort of starting from scratch. I'm wondering if there are models they could base their work on (or pitfalls they could avoid).

Thanks-
Luis
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