New Milford Mayor Pete Bass is alerting residents that the Historic Homes Rehabilitation Tax Credit program is open. The program is designed to encourage new homeownership and to assist existing homeowners in maintaining or rehabilitating their property. The program provides a 30% tax credit, up to $30,000 per dwelling unit, for the rehabilitation of one to four family buildings. After completion of rehabilitation work, one unit must be owner-occupied for a period of five years. The building must be listed on the National or State Register of Historic Places. All proposed work must be reviewed and approved by the SHPO prior to the start of construction.