Rehabilitation Tax Credits

Rehabilitation Tax Credits

Historic rehabilitation tax credits are one of the most effective tools for the successful redevelopment of historic properties. The federal tax credit is available to owners of income producing properties who rehabilitate buildings listed in the National Register. The program provides a financial benefit to building owners in exchange for preserving a building’s character-defining historic fabric and architectural features. 

 The consultant provides a complete range of services to move a project through the tax credit approval process. She aims to help property owners and project teams develop creative solutions that meet program requirements and preservation standards.  Deep energy retrofits and the introduction of panels for solar heat and hot water have become a common element in many projects. She will assess National Register eligibility of the building involved, prepare a National Register of Historic Places nomination if the building is not listed but appears eligible for listing, identify key features and issues associated with tax credit-funded rehabilitation, prepare Parts 1,2, and 3 of the federal tax credit application, facilitate the application process with the State Historic Preservation Office and National Park Service staff reviewers, and actively contribute to the project design team to ensure that all of the proposed rehabilitation work complies with the Secretary of the Interior’s Standards for Rehabilitation.  Any necessary Section 106 and Act 250 regulatory reviews are completed, and documentation submitted to the State Historic Preservation Office, in a timely manner so that construction can begin once the Part 2 has been approved by the National Park Service.

 Tax Credit applications have been completed for-

  • -banks
  • -multi-unit apartment buildings
  • -mixed use downtown commercial blocks