R.I. Historic Tax Credit program receives $20M in state budget, after going years without

Mary MacDonald

July 7, 2021 12:42 pm

Tax Credits — DEVELOPER LARRY SILVERSTEIN, shown here in 2017, used state and federal historic tax credits, as well as other financing tools, to convert the Pontiac Mills in Warwick to retail and apartments. / PBN FILE PHOTO/ MICHAEL SALERNO

PROVIDENCE – After years of going without replenishment, the Rhode Island Historic Tax Credit program has received $20 million in new funds in the state’s fiscal 2022 budget. The program provides tax credits for historical renovation projects, and the lack of dedicated funding in previous state budgets had alarmed preservationists, who say it is one…