SMACNA supports restoration act
CHANTILLY, Va. - The Sheet Metal and Air Conditioning Contractors' National Association is backing the Community Restoration Revitalization Act, which is designed to clean up the nation's historic buildings and neighborhoods.
SMACNA recently sent a letter to the U.S. House of Representatives urging legislators to co-sponsor the bill. According to the association, in addition to preserving historic buildings, the act would allow for the combination of tax incentives with low-income-housing tax credits to create affordable housing opportunities for urban residents.
The act would also provide incentives for private investment in older, historic properties, and broaden the current 10 percent tax credit to cover buildings over 50 years of age, including residential properties that are not covered under the existing law.