Preservation Incentives

The following table summarizes the incentives that are available to those who restore or rehabilitate historic properties.  Hover your cursor over a cell for an explanation of terms. Click on a table cell to learn more about applying for the incentive.

Eligible for
Preservation Incentive 		commercial, industrial, agricultural, rental residential or apartment property owner occupied
10 year forbearance of property tax increase from renovation/rehab investment Owner incurs qualified rehabilitation costs that equal at least 25% of the building's assessed value within a 24-month period prior to application. Click for more. Owner incurs qualified rehabilitation costs that equal at least 25% of the building's assessed value within a 24-month period prior to application. Click for more.

20% Federal Tax credit for rehabilitation cost. There are a number of funds that invest in eligible projects.

 Rehab cost must exceed the pre-rehab cost of the building. Click for more. NO
Insures mortgages covering the purchase or refinancing and rehabilitation of a home. NO click for more
A private legal interest conveyed by a property owner to a preservation organization or to a government entity. Provides assurance to the owner of a historic or cultural property that the property's intrinsic values will be preserved through subsequent ownership. In addition, the owner may obtain substantial federal tax benefits. click for more click for more

The DAHP web site has a comprehensive review of loans and grants available to non-profit and government organizations.