Ohio Historic Preservation Tax Credit Program Manager
Office of Strategic Business Investments
Business Services Division
The Ohio Historic Preservation Tax Credit Program provides a 25 percent tax credit for the rehabilitation expenses to owners and lessees of historically significant buildings. 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 program is competitive and receives applications bi-annually in March and September.
Over the twelve completed funding rounds, tax credits have been approved for 217 projects to rehabilitate 293 historic buildings in 47 different communities. The program is projected to leverage more $2.8 billion in private redevelopment funding and federal tax credits directly through the rehabilitation projects.
The Ohio Development Services Agency and our partners at the State Historic Preservation Office are reviewing 51 applications for 71 historic buildings in Round 13 of the Ohio Historic Preservation Tax Credit program. Together, the applications are requesting a total of $170 million in tax credits. Applications were received from 16 Ohio communities, including four communities new to the program.
The applications include $93.9 million in tax credit requests from four catalytic project applicants. Catalytic projects are large-scale rehabilitation projects that will foster significant economic development and are eligible to receive up to $25 million in tax credits pending increased review. Should a catalytic applicant be approved, only $2.5 million of the total project award would be allocated from the tax credit allocation available in the round.
A total of $30 million in tax credit allocation is currently available for Round 13 applicants. Approved applications will be announced no later than December 31, 2014.
The Ohio Development Services Agency awarded $37.7 million in Ohio Historic Preservation Tax Credits to 29 applicants planning to rehabilitate historic buildings in 13 communities across the state. The awards are expected to leverage nearly $250 million in private investments. Click here for a list of approved Round 12 projects.
Applications are being accepted for the Ohio Historic Preservation Tax Credit Pipeline Initiative. The application form can be downloaded under 'Pipeline Initiative' in the left-hand menu above.
The primary goal of the Pipeline Initiative is to develop a pipeline of properties that are eligible for redevelopment assistance through the Ohio Historic Preservation Tax Credit program. The initiative provides funding and technical assistance to assist in nominating buildings, districts, and areas to the National Register of Historic Places. Funding will be prioritized for projects that create the greatest potential for commercial and multi-family housing redevelopment. Four project types, as defined in the application document, will be eligible for grant funding.
Applications are accepted on an open-cycle and funded on a first-come, first-served basis, based on funding availability. Please see the application document for additional funding determination guidance. Prior to submitting an application, all applicants are required to discuss their project with both the Ohio Development Services Agency's Office of Strategic Business Investments and the State Historic Preservation Office. Please contact the Office of Strategic Business Investments at firstname.lastname@example.org or (614) 466-4551 and the State Historic Preservation Office at email@example.com or (614) 298-2000 for more information or to discuss a potential project.