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.

HR 2448 requires the National Park Service (NPS) to submit a report to Congress within one year of the bill's enactment, detailing how it interprets and applies the Rehabilitation Standards for the Federal Historic Preservation Tax Incentives program. The report must include data on application processing times and outcomes over the past decade, along with analysis of barriers to using the program for affordable housing projects. It also mandates recommendations for updating the standards to better support affordable housing development while protecting historic properties and addressing climate risks. This report aims to inform potential improvements to the program’s implementation without changing the tax incentives themselves.