CEI invests in the restoration and rehabilitation of historic properties in order to support downtown revitalization, and the creation of good jobs, affordable housing units, workforce housing, and mixed-use development. CEI works closely with Maine developers, offering:
- bridge, construction and predevelopment loans
- State Historic Rehab Credit purchases
- technical assistance
The Federal Historic Preservation Tax Incentive program encourages private sector investment in the rehabilitation and re-use of historic buildings. One of the nation’s most successful and cost-effective community revitalization programs, it has leveraged nationally over $84 billion in private investment to preserve 42,293 historic properties since 1976. The National Park Service and the Internal Revenue Service administer the program in partnership with Maine Historic Preservation Commission.
The Maine State Rehabilitation Tax Credit is aimed at spurring investment in communities throughout the state and has been overwhelmingly successful since its launch in 2008.