Key Eligible Expenses (Hard & Soft Costs):
- Structural & Interior: Walls, partitions, floors, ceilings, permanent paneling/tiling, windows, doors, chimneys, stairs, escalators, and elevators.
- Mechanical Systems: HVAC (heating/AC), electrical wiring/lighting fixtures, plumbing, sprinkler systems, and fire escapes.
- Exterior/Site: Repairs to the building exterior, roof, gutters, and site improvements that are directly related to the rehabilitation.
- Soft Costs (Professional Fees): Architect fees, engineering fees, construction management costs, legal/accounting fees, and developer fees.
- Financing/Taxes: Construction period interest and taxes.
Non-Qualified Expenses:
- Acquisition costs (purchase price).
- Enlargement costs (expanding the building’s total volume).
- Site work (sidewalks, parking lots, landscaping).
- Furnishings or personal property.
NOTE: The definition of eligible expenses is ultimately up to the discretion of AHPP’s Tax Credits Supervisor and the National Park Service.
