quote:
Originally posted by AVERAGE JOE
quote:
Originally posted by spoonbill
You will get all kinds of tax incentives for individual homeowners. Grants for the neighborhood will be available too.
Don't take any of them!!! []
I'm not going to tell you why. There are several architects on this forum, and I don't want to get their feathers ruffled.
Do a little research on your own and find out what happens once you accept any of these offers.
That is all.
The quote above is patently false. Grants are non-existent and tax incentives for National Register properties don't include owner-occupied private residences.
Be careful. Let me clarify.
You are correct, if you claim no income from the structure you are not eligible for tax incentives. . . But if you claim a home office or use any of the property to generate revenue and your tax advisor recommends that you file for tax incentives for rehabilitation (a 20% federal and state tax credit!), I would avoid it.
No grants are available on the federal level except for:
American Battlefield Protection Program Battlefield Acquisition Grants?American Battlefield Protection Program Partnership Grants?Historic Barn Preservation Program Grants?National Historic Covered Bridge Preservation Grants?National Maritime Heritage Grants?National Underground Railroad to Freedom Grants.
However numerous private grants are available for historic homes. Each with their own set of controls.
To name a few:
1772 Foundation
Advisory Council on Historic Preservation?American Battlefield Protection Grants
Carls Foundation
Conservation Center for Art and Historic Artifacts (CCAHA)
Historic District Commission
Downtown Development Authority
(J. P.) Getty Trust?Architectural Conservation Grants
History Channel 'Save Our History' National Grant Program
James Marston Fitch Charitable Foundation
(Samuel H) Kress Foundation?European Preservation Program
Legacy Resource Management Program
Partners for Sacred Places (PSP
Preserve America Grants
Restore America Grants Program
Save America's Treasures Grant Applications
Tourism Cares Worldwide Grant Program
I apologize for not clarifying.