As stewards of our architectural heritage, we see the economic benefit as well as the cultural importance of retaining and restoring our existing building stock. When compared on a pure dollars and cents basis, building new can appear more profitable than renovating an existing building. However, in our analysis over the last two decades, we have observed that careful rehabilitation of an existing building can pay greater returns in addition to making a greater contribution to continuity and beauty of the built environment.
Realizing the importance of rehabilitating our inventory of historic buildings, the federal government and many state governments encourage this practice by offering tax incentives, usually in the form of Credits. Summit Studio specializes in both the design and compliance aspects of the federal and state historic tax credit (HTC) programs.
