tag:blogger.com,1999:blog-5723709701684173708.post9083366895021594375..comments2024-03-28T17:55:31.180-04:00Comments on The Gossips of Rivertown: Historic Preservation Rehabilitation Tax Credit ProgramCarole Osterinkhttp://www.blogger.com/profile/16010623982526286408noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5723709701684173708.post-27211521230961614212010-08-17T23:31:22.328-04:002010-08-17T23:31:22.328-04:00I participated in today's Weinar seminar on NY...I participated in today's Weinar seminar on NYS Rehabilitation Tax Credit for owner occupied residences.<br /><br />All buildings in State or National Register Districts qualify for these tax credits, which can cover up to 20 percent of costs. The credit limit is $50,000. Almost all of Hudson's historic districts are within State and National Register districts, although there are some areas in the National Register that are not in the city's historic districts.<br /><br />Residences include single family, duplex, multiple family, owner occupied B & Bs, and co-ops and condos. There is no income cap to be eligible, as long as one lives within an eligible census tract, which Hudson is within. One can keep reapplying for credits as work progresses. For those with incomes below $60,000, the credit amount is fully refundable. The tax credit can be passed on to a purchaser of a house.<br /><br />Building rehabilitation must be according to the Secretary of Interior standards. All work must be approved by OPRHP prior to start of construction. As the Hudson Preservation Commission uses these guidelines, this should cause no problem for applicants.<br /><br />Further information regarding the tax credit programs and application forms are available at<br /><br />http://www.nysparks.com/shpo/tax-credit-programs/<br /><br />Anyone considering any work on their houses in any historic district in Hudson should consider applying for these tax credits.David William Voorheesnoreply@blogger.comtag:blogger.com,1999:blog-5723709701684173708.post-15436642155882276822010-08-17T07:38:21.723-04:002010-08-17T07:38:21.723-04:00Thank you Gossips!
Great information....who would ...Thank you Gossips!<br />Great information....who would have known? Appreciate the<br />information and details as how to participate.Anonymousnoreply@blogger.com