To direct the Secretary of Interior to submit to Congress a report on the National Park Service's interpretation and application of the Standards for Rehabilitation for use of the Federal Historic Preservation Tax Incentives program.

This bill tells the Interior Department to give Congress a report on how the National Park Service applies the “Standards for Rehabilitation” in the federal historic preservation tax credit program. The report is due within one year of the bill becoming law. It must include 10 years of data on application processing (like average time in the system, hold notices, conditions on approvals, denials, approvals, and withdrawals) and recommend ways to remove barriers to affordable housing while still protecting historic places.

The report also has to cover where updated guidance could help, such as converting old commercial buildings to housing, fixing environmental and safety hazards, improving energy efficiency and sustainability, and making buildings accessible for people with disabilities. It must describe common problems users and reviewers face, what steps have been taken to address them, how the Park Service decides when to update its guidance, and whether limited resources slow this work. It must include suggestions to better align the program with affordable housing needs, protect historic properties from climate risks, and consider what is practical and affordable to do.

• Who is affected: The National Park Service; users and beneficiaries of the Federal Historic Preservation Tax Incentives program; projects creating affordable housing and converting nonresidential buildings to housing; people with disabilities who need access improvements.
• What changes: Interior must deliver a detailed report with 10-year processing data, problems and fixes, and recommendations to improve standards and guidance tied to housing, safety, energy, access, and climate risk.
• When: The report is due within one year after the bill becomes law.