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Preserving historic homes, creating jobs |
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Written by Russ Carnahan
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Tuesday, 29 September 2009 00:00 |
Now is the perfect time to encourage investment in people's historic homes. As the housing and real estate industry continue to struggle and unemployment on the rise, we need to make smart investments in projects, like rehabbing historic homes, that are proven to put Americans back to work.
Later today I plan to introduce the Historic Homeowners Revitalization Act of 2009. This bipartisan legislation will help homeowners preserve their historic homes, revitalize urban and rural communities in addition to create jobs that we desperately need.
Missouri serves as a national model where historic homeowners qualify for help to revitalize their home and community. This legislation opens doors to individual homeowners nationwide and, most importantly, puts American construction workers, architects, and engineers to work.
The bipartisan legislation, which uses the proven Missouri historic homeowner tax credit as a model, would extend a tax credit for homeowners who rehabilitate their historic homes. These projects have proven to create thousands of jobs. In Missouri, similar homeowner tax credit legislation has helped homeowners restore their historic homes and resulted in over 40,000 jobs since 1998.
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