Historic Preservation Tax Credit Opportunities

Across Ohio, communities are preserving the historic buildings on Main Streets and in downtowns using the Ohio Historic Preservation Tax Credit Program. The program provides a tax credit to leverage private redevelopment of historic buildings, making them ready for new businesses. Owners and long-term lessees of historically designated buildings who undertake a rehabilitation project may apply for the Ohio Historic Preservation Tax Credit.

A building is eligible if it is individually listed on the National Register of Historic Places; contributes to a National Register Historic District, National Park Service Certified Historic District, or Certified Local Government historic district; or is listed as a local landmark by a Certified Local Government.

The Ohio Historic Preservation Tax Credit Program provides a state tax credit up to 25 percent of qualified rehabilitation expenditures incurred during a rehabilitation projects. Applicants are eligible for no more than $5 million in tax credits.

The Round 19 Intent to Apply is now available. In accordance with the program schedule, an Intent to Apply must be submitted by August 15, 2017 for a formal application to be considered for funding during Round 19 of the program. A pre-application meeting must be scheduled with the State Historic Preservation Office no later than August 1, 2017 and conducted no later than August 15, 2017. If you have questions about the Ohio Historic Tax Credit Program, call Lisa Brownell at 614-752-2345 or email her at Lisa.Brownell@development.ohio.gov

Posted On: July 28, 2017