Free Workshop for Sullivan County Commercial Property Owners
Historic Tax Credit Workshop in Libery - 1/18
ALBANY, NY (01/08/2018) (readMedia)-- Commercial property owners, realtors, contractors, and community leaders are invited to attend a meeting to find out how to save money while making repairs to older buildings.
The Preservation League of New York State and the New York State Office of Parks, Recreation and Historic Preservation will present a free workshop in Sullivan County to help people take advantage of New York's Historic Rehabilitation Tax Credits.
The workshop will be held Thursday, January 18 from 3:00 – 5:00 p.m. at the United Methodist Church, 170 North Main Street, Liberty. During the workshop, staff from the State Historic Preservation Office will review the basic guidelines of the program and answer questions on the application process.
The workshop is presented by the Preservation League of New York State, the New York State Office of Parks, Recreation, and Historic Preservation, and Dadras Architects. Speakers include Frances Gubler, the League's Manager of Technical and Grant Programs; Julian Adams, Tax Credit Director, New York State Office of Parks, Recreation and Historic Preservation; and Robert Dadras, Architect, Dadras Architects. Additional support is provided by the Sullivan County Division of Planning + Community Development, Town of Liberty and Sullivan Renaissance.
"The federal and New York State Historic Tax Credit programs have emerged as signature economic development tools for the revitalization of vacant and underutilized historic buildings throughout the state," said Daniel Mackay, Deputy Commissioner of the NYS Division for Historic Preservation. "New York is now the national leader in the use of the credits, posting investments in the billions, with more than half of that coming from upstate. We are so pleased to administer this program that has played a significant role in the recent revitalization of many of our state's historic downtowns and Main Streets."
The NYS Historic Commercial Properties Tax Credit will cover up to 20% of qualified rehabilitation costs up to a credit value of $5 million. The 20% Federal Historic Preservation Commercial Tax Credit can be combined with the NYS Historic Commercial Tax Credit to cover 40% of qualified rehabilitation expenditures.
"This is the perfect time to finally fix that leaking roof or replace an inefficient furnace," said Jay DiLorenzo, president of the Preservation League of New York State. "This tax credit can help commercial property owners protect their investment for years to come."
This program requires that the building be individually listed in the State or National Register of Historic Places, or a contributing building in a listed historic district. To find out if a property is eligible, please visit http://nysparks.com/shpo/tax-credit-programs or contact the New York State Office of Parks, Recreation and Historic Preservation at 518-237-8643. Eligibility information will also be available at the workshop.
To make a reservation for the workshop, visit the League's website at www.preservenys.org or contact Frances Gubler at 518-462-5658 x10 or firstname.lastname@example.org.
The Preservation League invests in people and projects that champion the essential role of preservation in community revitalization, sustainable economic growth, and the protection of our historic buildings and landscapes. It leads advocacy, economic development and education programs across New York State.