Commercial (Income-Producing) Properties Tax Credit Webinar
Learn from professionals about the intricacies of how to utilize Historic Tax Credit programs in the Bowery Historic District. This free webinar is presented by the Bowery Alliance of Neighbors in partnership with the State Historic Preservation Office with support from the Preservation League of New York State.
Who Should Attend? Homeowners, building and business owners, community leaders, realtors, contractors, architects, and anyone who wants to learn about new opportunities for community reinvestment in the Bowery Historic District — including Historic Tax Credit programs available to eligible homeowners and commercial property owners.
These events are FREE, but there is a $10 suggested donation if you are able.
The NYS Historic Homeownership Rehabilitation Tax Credit Program will cover 20% of qualified rehabilitation costs of owner-occupied historic houses, up to a credit value of $50,000. This program requires that the building be individually listed on the State or National Register of Historic Places, or be a contributing building in a listed historic district. The building must also be located in a qualifying census tract, OR be a historic building in a city with a population under one million with at least a 15% poverty threshold, AND at least $5,000 must be spent on qualifying project expenses.
The NYS Historic Commercial Properties Tax Credit and Federal Historic Rehabilitation Tax Credit programs can be combined to cover 40% of qualified rehabilitation expenditures.
About the Bowery
Originally a Native American footpath and Dutch farm road, the Bowery is NYC's oldest street. It saw America’s first streetcars, first free college, and NYC’s first free Black settlement. An early social hub for the working class, gangs, gays, and immigrant Irish, Italians, Chinese, Jews, and Germans, it has seminal ties to tap dance, vaudeville, Yiddish theater, Abe Lincoln, the Astor family, baseball, tattoo, Irving Berlin, and Harry Houdini. In more recent times, it has nurtured Abstract Expressionism, Beat Literature, and punk rock. One of our most architecturally diverse streets, in 2013 the Bowery Historic District was named to the National Register of Historic Places.
Recording of this program will be available on the League’s YouTube page.
For more information about this program, contact David Mulkins at mulbd@yahoo.com.