Clifton Mansion is Prime Example of Historic Preservation
On Monday, February 6, U.S. Senator Ben Cardin (D-MD) will hold a press conference at Baltimore’s historic Clifton Mansion to unveil legislation that would create jobs in Maryland and throughout the country by making it easier to restore historic properties. Clifton Mansion is the headquarters for the AmeriCorps program Civic Works and will be undergoing a $7 million renovation that will employ approximately 150 workers.
Senator Cardin’s bill -- Creating American Prosperity through Preservation (“CAPP”) Act -- would expand the Historic Tax Credit (HTC) program to include smaller restoration projects and encourage the greater use of energy-efficient improvements in historic preservation projects.
Since 1976, federal tax benefits to encourage historic preservation have leveraged more than $90 billion of private-sector investment ($5 of private investment for every $1 of HTC) to preserve and rehabilitate more than 37,000 historic properties, including the creation of over 185,000 housing units, of which over 75,000 are low and moderate-income units. Nationwide, since 1978 these tax benefits have created more than 2 million jobs. In Maryland, the HTC program has created more than 18,700 jobs from 2001 to 2011.
· WHAT: Senator Cardin unveils bill to create jobs by making it easier to restore historic properties
· WHEN: Monday, February 6 at 2 pm.
· WHERE: Clifton Mansion, Clifton Park
2701 Saint Lo Drive,
Baltimore, MD 21213