Is there financial assistance for property owners within a designated historic district?
Yes, owners in a historic district can qualify for low-cost loans from the New York Landmarks Conservancy to make repairs to their building’s exterior. Furthermore, commercial owners who follow federal guidelines can take advantage of federal and state historic rehabilitation tax credits if they get their property listed on the National Register of Historic Places. Property owners can also donate a historic preservation easement on the exterior of their property and then claim a tax deduction.
