Several government-sponsored funding options exist for remodeling and renovating properties, and those who possibly own an eligible property need to know about historic preservation grants. For homeowners, this grant means more than just the funds to pay for your renovation.
There are many benefits for being included on the National Historic Register through the United States National Park Service. Here is the basic information homeowners should know:
What is the National Historic Register?
According to the United States National Parks Service, the National Historic Register is “the official list of the Nation's historic places worthy of preservation.” These places are selected through a nomination process, in which people can apply through their state historic preservation office.
Properties must meet specific criteria for age, structural integrity and historical significance to be eligible for inclusion on the Register.
Incentives & benefits of historic preservation projects
In addition to their home being placed on a list of historically significant places, property owners can be eligible for other benefits provided by the National Park Service. For example, if you wanted to complete a major home renovation project which fit the criteria approved by the National Park Service, you could receive federal grant money or tax incentives.
Other important benefits to know include easements and code exceptions for nonprofit organizations wishing to repurpose and preserve historic buildings to help the community. State and local governments may award federal grants to homeowners as well.
Regardless of your home’s age or historical significance, the information in the National Historic Register can help you learn more about your community. If your home is eligible for grant funding for the preservation of historic buildings, you may be able to receive help with the cost of your renovation project.
If you’re interested in finding out more about local historic preservation projects, or to find out if you qualify for benefits, consult your State Historic Preservation Office for more information.
About the Author
Joseph Nuzzolo
Joe was Born and raised in New York and came to LA when he was 25 years old. He started in the fine arts industry with tremendous success. As a Sales Expert, he has closed over 11,000 art deals. It was his love of working with fine art, his creative mindset – and a succession of personal real estate investment deals – that led him into the world of real estate. He was the top agent for 3 Leaf Realty before opening his own firm.
In 2017 Joe decided to branch out on his own and launch his long planned and awaited, Thompson Team Real Estate based in Torrance. Where he and his team of hand picked agents cater to a discerning clientele. Through his 30 years of sales experience, Joe has built a strong and formidable reputation with clients, industry professionals and peers. He utilizes the latest technologies, market research and business strategies to exceed his client’s expectations. More importantly, he listens and finds solutions that are tailored to each client’s specific needs.