[BCMA MBEN] (Fwd) HCF / FHC Communiqué : Federal budget
Jim Harding
JHarding@MuseumsAssn.bc.ca
Wed, 28 Jan 2009 13:15:20 -0800
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------- Forwarded message follows -------</span></font>
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From:                         <b>"Fondation Heritage Canada Foundation"
<HeritageCanadaFoundation@heritagecanada.org></b></span></font>
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Date sent:                  <b>Wed, 28 Jan 2009 14:00:46 -0500</b></span></font>
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Subject:                     <b>HCF / FHC Communiqué : Federal budget fédéral</b></span></font>
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To:                            <b>JHarding@museumsassn.bc.ca</b></span></font>
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Please share with your members and colleagues.</span></font>
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Heritage Canada Foundation /</span></font>
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La fondation Héritage Canada</span></font>
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Communiqué</span></font>
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Heritage Canada Foundation Sees Positives in Federal Budget</span></font>
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Ottawa, ON January 28, 2009 -The Heritage Canada Foundation (HCF)
expressed measured satisfaction that the federal Budget tabled yesterday
by the Minister of Finance includes some recognition of the need to invest in
historic buildings.</span></font>
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The budget contained $75 million for the long-dormant National Historic
Sites Cost-Sharing Program which will make bricks-and-mortar matching
funds available for a few of  Canada's approximately 900 National Historic
Sites (NHS). There is also $323 million over two years for the restoration of
federally-owned buildings and $2 million to plan the future of Quebec City's
historic drill hall, the Manège Militaire, a NHS damaged by fire last year.</span></font>
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"These amounts will help keep traditional skills alive and prolong the life of a
handful of iconic places which shape our identity, create jobs, and attract
tourist dollars," said HCF executive director Natalie Bull from Parliament Hill
yesterday. "But HCF is disappointed that a broad federal incentive for the
rehabilitation of historic properties is absent from this budget."</span></font>
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In the United States, a strong preservation industry exists because 30 years
ago, the U.S. established a 20 percent federal tax credit for rehabilitation of
heritage buildings and a 10 percent tax credit for the rehabilitation of non-
heritage, non-residential buildings built before 1936. The program has
leveraged over $36 billion in private investment in historic buildings with a 5
to 1 ratio of private investment to federal tax credits. An average of 45 new
jobs are created by each project.</span></font>
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The budget does contain a number of measures which while not specifically
targeting heritage buildings, can be used to encourage much needed
investment in them:</span></font>
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·        $60 million over two years for cultural infrastructure which will benefit
local theatres, libraries, and small museums, many of which are housed in
historic buildings.</span></font>
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·        A temporary Home Renovation Tax Credit to a maximum of $1,350 for
repair and renovation of residences. These new credits can be stacked with
grants of up to $5,000 from the existing ecoENERGY Retrofit grant program,
beefed up with an additional $300 million over two years.</span></font>
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·        $2 billion in low-cost loans from Canada Mortgage and Housing
Corporation for neighbourhood regeneration projects that communities can
tap into.</span></font>
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To review the entire Budget 2009, please click here:</span></font>
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<a href="http://www.budget.gc.ca/2009/pdf/budget-planbugetaire-eng.pdf">
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<u>http://www.budget.gc.ca/2009/pdf/budget-planbugetaire-eng.pdf</u>
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The Heritage Canada Foundation is a national, membership-based, non-
governmental organization created in 1973 as Canada's National Trust.</span></font>
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For further information:</span></font>
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Carolyn Quinn, Director, Communications, </span></font>
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cquinn@heritagecanada.org</span></font>
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Telephone: (613) 237-1066 ext. 4; Cell: (613) 797-7206</span></font>
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_______________________________</span></font>
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Jim Harding, ED</span></font>
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BC Museums Association</span></font>
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(250) 356-5694</span></font>
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