What do the Four Seasons, Saenger Theatre, Sophie B. Wright School, and thousands of other New Orleans historical buildings that have been restored over the last 20 years have in common?
They were partially financed by the Louisiana Rehabilitation of Historic Structures Tax Credit Program, but that state historic tax credit program is in jeopardy.
The program, which is set to sunset June 30, 2025, is included among the possible state tax benefits and incentives that could be reduced or eliminated under Gov. Jeff Landry’s “Louisiana Forward” tax plan. The tax incentives for film production in Louisiana are also under discussion.
1816-1818 Fourth St. is a formerly blighted Central City double shotgun home built in the 1880s. It has been transformed by JLV Construction into two rental units.
The historic renovation was partially financed by historic tax credits. Historic Pro Nola worked on the tax credits.
