Several government-sponsored funding options exist for remodeling and renovating properties, and those who possibly own an eligible property need to know about historic preservation grants. For homeowners, this grant means more than just the funds to pay for your renovation.
There are many benefits for being included on the National Historic Register through the United States National Park Service. Here is the basic information homeowners should know:
According to the United States National Parks Service, the National Historic Register is “the official list of the Nation's historic places worthy of preservation.” These places are selected through a nomination process, in which people can apply through their state historic preservation office.
Properties must meet specific criteria for age, structural integrity and historical significance to be eligible for inclusion on the Register.
In addition to their home being placed on a list of historically significant places, property owners can be eligible for other benefits provided by the National Park Service. For example, if you wanted to complete a major home renovation project which fit the criteria approved by the National Park Service, you could receive federal grant money or tax incentives.
Other important benefits to know include easements and code exceptions for nonprofit organizations wishing to repurpose and preserve historic buildings to help the community. State and local governments may award federal grants to homeowners as well.
Regardless of your home’s age or historical significance, the information in the National Historic Register can help you learn more about your community. If your home is eligible for grant funding for the preservation of historic buildings, you may be able to receive help with the cost of your renovation project.
If you’re interested in finding out more about local historic preservation projects, or to find out if you qualify for benefits, consult your State Historic Preservation Office for more information.
John is a native Somerville resident and has been a dedicated a real estate sales professional for nearly thirty years. As a strong well respected businessman and former owner of Prudential Buccelli Real Estate, he was thrilled to merge with the Berkshire Hathaway HomeServices Verani Realty brand to expand the global outreach and name recognition for his clients. He has a forward thinking approach, embraces innovation and focuses on all resources to assist his clients. His diverse experience includes residential, commercial, investment land. His experience enables him to understand the challenges of the fluctuations in the real estate industry. John is focused on time tested principles that he has learned on how to produce results and he knows how to respond to the market. He has been involved in thousands of real estate transactions in his long career. Since all real estate is local, he is the area expert!