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National Register listing is honorific recognition of a group of buildings, sites, landscapes that have historic or architectural importance. Most importantly, buildings listed on the National Register of Historic Places are eligible for the Federal and New York State Rehabilitation Tax Credits. The Rehabilitation Tax Credits are the best incentive for investors and homeowners to rehab and improve historic buildings, and are often the gap filler in a project’s funding stream.
National Register listing also requires that any project utilizing state or federal funding be reviewed by the State Historic Preservation Office to ensure no harm will be done to the historic district’s buildings or an individual landmark. This may be a state or municipal project or a private project. For example, a DOT project would require review, as would a project accepting tax credits.
Buildings listed on the National Register of Historic Places DO NOT need state or federal approval for any work on the property, including demolition, UNLESS state or federal funds are used for that project.
Want to Know the Difference Between a National & Local Register? Click here
Listing DOES NOT put any restrictions on what can or cannot be done to a property.
It DOES NOT increase your taxes. It DOES NOT affect your insurance.
More information about the National Register of Historic Places can be found here.
More information about the New York State Rehabilitation Tax Credit (20% of rehabilitation costs) can be found here.
More information about the Federal Rehabilitation Tax Credit (20% of the rehabilitation costs) can be found here.
The proposed district will make over 280 buildings along and just off of Washington Avenue and Western Avenues eligible for the NYS and Federal Rehabilitation Tax Credits.
HAF has been working on this district for over 10 years and is hopeful that later in the year it will officially be listed on both the New York State and National Register. Note that HAF is not seeking local listing.
We encourage you to support Albany's newest historic district by attending the public hearing of the Historic Resources Commission at 5:30pm on Wednesday, August 7th at 200 Henry Johnson Boulevard in the Second Floor Community Room or by sending a letter of support.
Letters can be emailed to Erin Glennon at email@example.com and addressed to:
John Myers, Chair
Historic Resources Commission
200 Henry Johnson Boulevard
Albany, NY 12210
This is a huge benefit for Albany and hopefully the beginning of more National Register historic districts to come. We appreciate your support!
For more information about the above, click here