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.
Judy Gibbons is a highly accomplished Realtor licensed in Illinois, Michigan, and Florida. With an impressive list of accolades and a wealth of experience, she has become a prominent figure in the Chicagoland real estate industry.
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Town Coverage: Chicago, Illinois, Arlington Heights, Illinois, Barrington, Illinois, North Barrington, Illinois
