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Ohio Historic Preservation Tax Credit
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Ohio Historic Preservation Tax Credit Program

Contact information

Lisa Brownell
Program Manager
Office of Strategic Business Investments
Business Services Division 
(614) 752-2345
Lisa.brownell@development.ohio.gov

Round 19 Schedule: Fall 2017

  • SHPO Pre-App Meeting Request Deadline: August 1, 2017
  • Intent to Apply and SHPO Pre-Application Meeting Deadline: August 15, 2017
  • Historic Documen tation (Part 1 and 2) Deadline: August 31, 2017 by 5:00
  • Application/Fee Submission Deadline: September 29, 2017 by 5:00
  • Application Review Period: October 1 – December 1, 2017  
  • Approved Applications Announced: On or before December 30, 2017

Round 20 Schedule: Spring 2018

  • SHPO Pre-App Meeting Request Deadline: February 1, 2018
  • Intent to Apply and SHPO Pre-Application Meeting Deadline: February 15, 2018
  • Historic Documentation (Part 1 and 2) Deadline: February 28, 2018 by 5:00
  • Application/Fee Submission Deadline: March 30, 2018 by 5:00
  • Application Review Period: April 1 – June 1, 2018 
  • Approved Applications Announced: On or before June 30, 2018

Overview

The Ohio Historic Preservation Tax Credit Program provides a tax credit in order to leverage the private redevelopment of historic buildings. The program is highly competitive and receives applications bi-annually in March and September.

With 18 rounds of funding complete, tax credits have been approved for 352 projects to rehabilitate 492 historic buildings in 63 different Ohio communities. The program is projected to leverage nearly $5.6 billion in private redevelopment funding and federal tax credits directly through the rehabilitation projects.

Round 19 of Ohio Historic Preservation Tax Credits is underway. On September 29, 2017, 52 applications were received from applicants in 19 communities around Ohio, four in cities that have not yet been awarded Ohio Historic Preservation Tax Credits (Amherst, Cleveland Heights, Mansfield, and Somerset). Round 19 Awards will be announced to the public on or before December 31, 2017.

Round 18 Awards Announced

Round 18 of Ohio Historic Preservation Tax Credit Awards were announced on June 28, 2017, in Dayton, Ohio. The Ohio Development Services Agency awarded $34,977,855 in Ohio Historic Preservation Tax Credits to 30 projects planning to rehabilitate 36 historic buildings. Together, the projects are expected to leverage approximately $523,148,620 in private investments in 13 communities. This is the first-time historic preservation tax credits have been awarded in Bedford, Fairview Park, Troy, and Urbana.  Click herefor a list of approved Round 18 projects.

For Whom

Owners and long-term lessees of historically designated buildings who undertake a rehabilitation project may apply for the Ohio Historic Preservation Tax Credit. 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. Properties that will be used as a single-family residence or multi-family residential condominiums are not eligible.

Benefits

The Ohio Historic Preservation Tax Credit Program provides a state tax credit up to 25 percent of qualified rehabilitation expenditures incurred during a rehabilitation projects. Applicants are eligible for no more than $5 million in tax credits unless approved as a catalytic project. The tax credit can be applied to applicable financial institutions, foreign and domestic insurance premiums or individual income taxes. Applicants that complete their project and receive a tax credit certificate with an effective date prior to June 30, 2019 can apply the tax credit against applicable commercial activity taxes.

How to Apply

Applications are received bi-annually in March and September for the Ohio Historic Preservation Tax Credit. Applicants file a competitive application with the Ohio Development Services Agency and applicable historic rehabilitation documentation with the State Historic Preservation Office. All applicants are required to schedule a pre-application meeting with the State Historic Preservation Office prior to submitting an application.

Pipeline Initiative Accepting Applications

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 program staff. Please contact the Lisa Brownell at Lisa.brownell@development.ohio.gov or (614) 752-2345 for more information or to discuss a potential project.