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Historic Preservation Tax Credits

Historic Preservation Tax Credits. The Process and Avoiding Common Problems Charles E. Fisher New York City, June 2009. National Park Service, Technical Preservation Services. Success. Projects approved – 36,000 Investment of over $50 billion Repeat users. It Is a Regulatory Program.

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Historic Preservation Tax Credits

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  1. Historic Preservation Tax Credits The Process and Avoiding Common Problems Charles E. Fisher New York City, June 2009 National Park Service, Technical Preservation Services

  2. Success • Projects approved – 36,000 • Investment of over $50 billion • Repeat users

  3. It Is a Regulatory Program • Not uncommon that there will be some required changes • Submit your project for review early in the planning process

  4. Who • Administered by the National Park Service in conjunction with State Historic Preservation Offices (SHPO)

  5. What • Unlike most other historic preservation review processes, your entire project will be reviewed • Interior and exterior work on the historic building/s

  6. What Any new construction on the site Parking

  7. Where • Most SHPO offices are located in the state capital • National Park Service’s Technical Preservation Services is in Washington, DC

  8. Two Certifications Are Needed • Certified Historic Structure • Certified Rehabilitation

  9. Three-Part Historic Preservation Certification ApplicationPart 1—Evaluation of Significance • Is my building historic?

  10. Certified Historic Structure • Individually listed in the National Register of Historic Places • Contributes to a National Register historic district • Contributes to a registered historic district

  11. Certified Historic Structure For a certified property with multi-buildings, such as a mill complex or a former military base, only contributing buildings are eligible.

  12. Preliminary Determinations • Proposed individually listed National Register property • Contributing building in a potential historic district • Certified Historic Structure status must be obtained no later than 30 months after the building is placed in service

  13. Part 1 Review paper trail routine communication Applicant SHPO NPS

  14. Project Review • Consult early on in the planning process with the SHPO • Seek preliminary review from the National Park Service on potentially problematic issues prior to submission of Part 2 of the Application • Most projects approved with conditions

  15. Three-Part Historic Preservation Certification ApplicationPart 2—Description of Rehabilitation • Does my proposed work meet the Secretary of the Interior’s Standards for Rehabilitation?

  16. Secretary of the Interior’s Standards for Rehabilitation • 10 broad principals of preservation • Widely used by other agencies and organizations • Only NPS issues certifications

  17. Part 2 and 3 Reviews Applicant paper trail communication project specific and/or state specific SHPO NPS

  18. Three-Part Historic Preservation Certification ApplicationPart 3 Request for Certification of Completed Work (the last step) • Submitted only after work is completed • Issued by NPS only after completed work has met the Standards for Rehabilitation

  19. Phased Advisory Letters • Projects involving multiple buildings in a complex that are being rehabbed one at a time • Large building rehabilitation being done in distinct phases

  20. If Your Project is Denied • First, try to resolve the issues • Alternative is the Appeals Process

  21. Avoiding Common Problems • Start the process early in the project planning • Consult early with the SHPO • Get decisions in writing from NPS

  22. Avoiding Common Problems— Part 2 Application • Include both before (existing condition) plans and rehabilitation (after) plans • Provide thorough photo documentation of the entire property in its before work condition— if shooting electronic images (good resolution), print on photo quality paper • Authorize prepayment of processing fee charged by NPS

  23. Avoiding Common Problems • Check websites of SHPO and NPS for additional information on the application submission • Keep track as to which set of architectural plans have been approved • Use services of a preservation consultant as needed • Realize each project is different

  24. Special Considerations During The Current Economy • Need to clearly establish what has been approved by NPS when there is a change in ownership during rehab

  25. Special Considerations During Current Economy • Dealing with large multiple building projects – phasing and financing • Obtaining Part-3 (final) certification – tenant fit-out

  26. State Incentives • More than half of the states have tax credits or other incentives that can be piggybacked with the Federal tax credits • Current budgetary pressure on state tax credit programs

  27. For Additional Information • NPS website is www.nps.gov/history/hps/tps • SHPO websites • To request copy of NPS Technical Preservation Services Catalog of over 100 publications either email at NPS_HPS-info@nps.gov • Or write Technical Preservation Services, National Park Service, 1840 C Street NW, Washington, DC 20240; email NPS_HPS-info@nps.gov

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