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Historic Preservation Tax Incentives

By Lee Anne Wofford, Deputy State Historic Preservation Officer at the Alabama Historical Commission The Alabama Historical Commission receives frequent calls requesting financial assistance for repairing and rehabilitating historic buildings. We inform those property owners that grant funds, when available, are rarely awarded for projects on private property. Instead, grants, particularly public-funded grants, are typically available for property that is …

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Economics of Preservation 101: Tax Incentives

By Stephen McNair, PhD The intersection between historic preservation and economic revitalization often form a natural relationship within the context of urban centers and main street communities. Programs intended to preserve and protect the historic fabric of a structure or downtown community often require a commercial component, which in turn creates temporary and permanent jobs, boosts an increase in the …