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Pennsylvania Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

Historic Preservation Tax Credit (HPTC): (newpa.com/hptc) Provides tax credits to qualified taxpayers who will be completing the restoration of a qualified historic structure into an-income producing property. These areas are defined as counties outside of the Philadelphia MSA and those with populations below 1 million.

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When office-to-residential conversion works

BD+C

Office buildings are worth more” than residential as income generators, she explains. Perkins Eastman received the Sinclaire commission after its developers toured WeWork: WeLive in nearby Crystal City, Va., There were few interventions to the exterior of One City in the historic Philadelphia building’s conversion to residential.