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Archive for 'Historic Preservation Tax Credits'

Recently passed Historic Preservation Incentives bill may aid ultimate re-developer of Colonial Gardens

On Tuesday, July 14, Kentucky Governor Steve Beshear signed Historic Preservation Incentives legislation into law.
The legislation brought about changes to the Kentucky Historic Preservation Tax Credit Program, which is administered by the Kentucky Heritage Council/State Historic Preservation Office. The key change was increasing the cap on tax credits the program offers from $3 million to [...]

Historic Preservation in Kentucky

Kentucky is considered a leader in historic preservation and has benefited tremendously by taking advantage of the historic tax credit.  The below links to a fascinating study on the Louisville Metro website.
http://www.louisvilleky.gov/NR/rdonlyres/F9AB5687-F7DD-4FE6-A7E4-3E529684F927/0/PreservationinKentuckyMay2008.pdf

Louisville Buildings Restored and Maintained Utilizing the Historic Tax Credit

Below you will find some commercial buildings, located in Louisville, Kentucky, that have been completely restored or maintained by taking advantage of the Historic Tax Credit:
The Starks Building- 455 Fourth Avenue
Belknap School- 1810 Sils Avenue
The Brown Hotel- Broadway
Arthur Apartments-525 West Ormsby
The Henry Clay
Immanuel Presbyterian Church- 2324 West Chestnut

The Community Restoration and Revitalization Act- HR 1043/S 584

The below details a proposal that will expand the existing federal historic tax credtis in an effort to encourage reuse and renovation of older properties.
The Community Restoration and Revitalization Act – HR 1043/S 584

Unlocking the Historic Rehabilitation Tax Credit for More Housing, Greater Neighborhood Reinvestment, and Sustainable Communities

The Community Restoration and Revitalization Act would further the ability [...]