State historic tax credits help preserve buildings in local historic districts
State historic tax credits have aided local homeowners in restoring their historic homes.
State historic tax credits have aided local homeowners in restoring their historic homes.
Excerpt:
Since the law that created the incentive took effect in 1999, the number of communities that have created historic districts has increased — in part, to take advantage of the incentive, [Michigan Historic Preservation Office’s architectural coordinator Brian] Lijewski said.
There are now about 700 such districts statewide, and more than 20,000 historically designated properties, he said. Communities with historical homes — which are at least 50 years old — include Romeo, Detroit and Grand Rapids.
The first year the credit was available, only two people took advantage of it, Lijewski said. This year, he expects about 60 to 75 will use it.
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