Historic Preservation Certification
A Historic Preservation Certification is the certified rehabilitation of a certified historic structure. This has to be approved by the National Park Service (NPS) as being consistent with the historic character of the property and, where applicable, the district in which it is located. Historic buildings are physical records of past inhabitants.
How Do Tax Credits Come In To Play?
The NPS offers Tax Incentives Programs with the Internal Revenue Service (IRS) and in partnership with State Historic Preservation Offices (SHPO). The Tax incentives promote the rehabilitation of income-producing historic structures of every period, size, style, and type. Through this program, underutilized or vacant buildings are returned to useful life in a manner that maintains their historic character. The Historic Preservation Certification has been bringing sore-eyed building’s back to life.
The Application Process for the Historic Preservation Certification is lengthy but brings the property value up for the neighborhood and allows for a more positive and confident social environment. The application must be submitted through two agencies for approval prior to the IRS. First it goes through the State Historic Preservation Offices (SHPO) and ends with the National Park Service (NPS).
Three-Part Application Process
- Interior and Exterior
- Present condition
- Changes made since construction
- Other buildings on property
- How the building relates to others in the district or neighborhood
Statement of Significance…
- How the building contributes to the significance of the district
- Document the relation to the Secretary of the Interior’s Standards for Evaluating Significance of the district.
- Demonstrate replacement windows
- Maps and Site Plans
- Rehabilitation work to be undertaken (Interior/Exterior)
- Estimated rehabilitated costs
- On site detailed work (Ex: Masonry Cleaning)
*Part 2 will not be reviewed by the NPS until Part 1 has been filed and acted upon.*
Submitted after the project is completed and documents show that the work was finished as proposed.
The Cotocon Group can provide you with a detailed description of the information and documentation required to complete the application process for the Historical Preservation Certification. For more information, call us (212) 889-6566 or get in touch