In short, the federal HTC is a good investment for local communities, individual states, and the nation. The cumulative impacts of the program to date (FY 1978-FY 2017) support this conclusion (p5)
- An inflation-adjusted (2017 dollars) $27.5 billion HTC cost encouraged a five times greater amount of historic rehabilitation, $144.6 billion.
- 107,000 new jobs created and billions of dollars in total (direct and secondary) economic gains.
- The cumulative positive impacts on the national economy included $12.2 billion in output, $6.2 billion in GDP, $4.6 billion in income, and $1.7 billion in taxes, including $1.1 billion in Federal tax receipts.
- The leverage and multiplier effects noted above support the argument that the federal HTC is a strategic investment that works.