substantial rehabilitation

Isaac Kremer/ November 23, 2025/ / 0 comments

The extent of rehabilitation necessary to qualify for a Certification of Significance for an Investment Tax Credit project; the rehabilitation expenditures must exceed the amount of the adjusted basis and $5,000 within a 2-year period, or a 5-year period for a phased rehabilitation. (Bucher, 1996)

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IsaacKremer.com is the personal website of Isaac Kremer, MSARP, a nationally recognized leader in the Main Street Approach to commercial district revitalization with over 25 years of experience. Kremer, New Jersey's first certified Main Street America Revitalization Professional (MSARP), has served as founding executive director for organizations like Experience Princeton and the Metuchen Downtown Alliance, which won a Great American Main Street Award under his leadership. He recently became director of the Royal Oak Downtown Development Authority in Michigan.

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