Landmark status can enhance a building's prestige, increase the value of the property and help stabilize an entire neighborhood. There are also specific financial benefits available from federal and local programs, including:
BUILDING OWNERS
- Reduced Property Tax Assessments for Commercial Rehabilitation
- Income Tax Credits for Commercial Rehabilitation
- Income Tax Deductions for Easement Donations
- Property Tax Assessment Freeze for Residential Rehabilitation
- Building and Zoning Code Exceptions
- Technical Assistance from City Preservation Specialists
BUILDING OWNERS/TENANTS
- Permit Fee Waivers for City Building Permits
Other grant and loan programs are also available, ranging from housing assistance to storefront rehabilitation to economic development.
