Applications for NJEDA’s Historic Property Reinvestment Program Now Open

TRENTON, N.J. (December 22, 2025) – The New Jersey Economic Development Authority (NJEDA) is now accepting applications for the Historic Property Reinvestment Program (HPRP). The HPRP is a tax credit program to leverage the federal historic tax credit program to support rehabilitation projects of identified historic properties.

WHAT: HPRP’s focus is historic preservation as a component of community development, aiming to attract long-term private investment into New Jersey while preserving properties that have historic value. The revitalization of historic structures will help to bring these often-underutilized properties back to productive use, thereby reducing the need for new development at these locations.

WHO: Under the HPRP’s updated rules, properties with an approved Part 1 by the National Parks Service now qualify to apply. Additionally, projects located within a Government Restricted Municipality and/or with a total cost of rehabilitation of $5 million or less, are no longer required to show a project funding gap exists.

Program information, including a complete list of eligibility requirements and new rules reflecting recent legislative changes, can be found here.

WHEN: Applications are now open and will be accepted on a rolling basis. Awards will be based on the order in which complete applications are received by the Authority.

To learn more about NJEDA resources for businesses, call NJEDA Customer Care at 844-965-1125 or visit https://www.njeda.gov and follow @NewJerseyEDA on Facebook, Twitter, Instagram, and LinkedIn.

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