Ohio Historic Preservation Tax Credit Program Manager
Office of Energy and Redevelopment
Community 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 ten funding rounds, tax credits have been approved for 174 projects to rehabilitate 246 historic buildings in 40 different communities. The program is projected to leverage more $2.2 billion in private redevelopment funding and federal tax credits directly through the rehabilitation projects.
The Ohio Development Services Agency and our partners at the Ohio Historic Preservation Office are reviewing 49 applications for 54 historic buildings in Round 12 of the Ohio Historic Preservation Tax Credit program. Together, the applications are requesting a total of $90.9 million in tax credits. Applications were received from 14 Ohio communities, including four communities new to the program.
A total of $30 million in tax credit allocation is currently available for Round 12 applicants. Approved applications will be announced no later than June 30, 2014.
The Ohio Development Services Agency awarded $33 million in Ohio Historic Preservation Tax Credits to 21 applicants planning to rehabilitate historic buildings in 10 communities across the state. The awards are expected to leverage nearly $400 million in private investments and support the redevelopment of more than 2.5 million square feet of historic buildings. Click here for a list of approved Round 11 projects.
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 firstname.lastname@example.org or (614) 995-2292 and the Ohio Historic Preservation Office at (614) 298-2000 for more information or to discuss a potential project.