Nathaniel Kaelin
Ohio Historic Preservation Tax
Credit Program Manager
Office of Redevelopment
Community Services Division
(614) 995-2292
Nathaniel.Kaelin@development.ohio.gov
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 nine funding rounds, tax credits have been approved for 157 projects to rehabilitate 229 historic buildings in 34 different communities. The program is projected to leverage more $2 billion in private redevelopment funding and federal tax credits directly through the rehabilitation projects.
The Ohio Development Services Agency is excited to announce the release of the 2012 Annual Report of the Ohio Historic Preservation Tax Credit Program.
The report highlights success stories from all across the state, and will also showcase the national attention Ohio has received for bringing new life to old buildings. You will quickly see how neighborhoods and businesses are thriving from rehabilitation projects.
Download the 2012 Ohio Historic Preservation Tax Credit report
The Ohio Development Services Agency is reviewing 35 applications for 36 historic buildings in Round 10 of the Ohio Historic Preservation Tax Credit program. Together, the applications are requesting a total of $62.3 million in tax credits, including $1.7 million in small projects (projects requesting less than $250,000 in tax credits). Applications came from 12 Ohio communities, including seven communities new to the program.
A total of $30 million in tax credit allocation is currently available for Round 10 applicants. The Agency, together with our partners at the Ohio Historic Preservation Office, will complete application review by June 18, 2013. Approved applications will be announced no later than June 30, 2013.
Applications are now being accepted for the new Ohio Historic Preservation Tax Credit Pipeline Pilot Initiative. The Application form can be downloaded under 'Pipeline Pilot Initiative' in the left-hand menu above.
The primary goal of the Pipeline Pilot Initiative is to develop a pipeline of properties that are eligible for redevelopment assistance through the Ohio Historic Preservation Tax Credit program. The initiative will provide 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 will be 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 Redevelopment and the Ohio Historic Preservation Office. Please contact the Office of Redevelopment at historic@development.ohio.gov or (614) 995-2292 and the Ohio Historic Preservation Office at (614) 298-2000 for more information or to discuss a potential project.