Tomorrow--Tuesday, August 17--there will be two free "webinars" to review the basic guidelines for the New York State Historic Preservation Rehabilitation Tax Credit Program and answer questions about the application process. The session from 1:00 to 3:00 p.m. will deal with commercial properties. The session from 3:30 to 5:00 p.m. is for homeowners.
To qualify for this program, buildings must be individually listed in the State or National Register of Historic Places or be contributing structures in a listed historic district. They must also be located in an eligible census tract. A significant number of Hudson buildings meet these qualifications.
The program will cover 20 percent of qualified rehabilitation costs for owner-occupied historic houses, up to a credit value of $50,000. For commercial buildings, the program will cover up to 20 percent of qualified rehabilitation costs up to a credit value of $5 million. Commercial property owners must be approved for the federal historic preservation commercial tax credit, which offers an additional 20 percent credit on qualified rehabilitation costs. The commercial tax credit program includes rental housing.
To register for a webinar, send email to firstname.lastname@example.org and type “commercial webinar” or “homeowner webinar” in the subject line. Registrants will receive instructions for logging in to the appropriate webinar.
For further details about the webinars, visit the NYS Office of Parks, Recreation, and Historic Preservation website. The webinars are sponsored by NYS OPRHP and the NYS Education Department.