This report analyzes the comprehensive economic impact of Virginia's historic rehabilitation tax credits. The report updates and builds upon prior work, supplementing an economic impact analysis of rehabilitation spending with, for the first time in Virginia, analysis of post-rehabilitation spending - that is, the impacts of spending as a result of those fixed assets returning to use. This report also investigates tax credit impacts on property values, the return on investment, and the qualitative impacts - those intangible effects not captured in numbers.