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Ohio Historic Preservation Tax Credit
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Contact information

Nathaniel Kaelin
Ohio Historic Preservation Tax Credit Program Manager
Office of Strategic Business Investments
Business Services Division
(614) 728-0995
Nathaniel.Kaelin@development.ohio.gov

Round 14 Schedule: Spring 2015

  • Application Submission Deadline:
    March 31, 2015
  • Application Review Period:
    April 1 – June 1, 2015
  • Approved Applications Announced:
    on or before June 30, 2015

Round 15 Schedule: Fall 2015

  • Application Submission Deadline: September 30, 2015
  • Application Review Period: October 1 - December 1, 2015
  • Approved Applications Announced: on or before December 31, 2015

Ohio Historic Preservation Tax Credit Program

Overview

The Ohio Historic Preservation Tax Credit Program provides a tax credit in order to leverage the private redevelopment of historic buildings. The program is highly competitive and receives applications bi-annually in March and September.

Over the thirteen completed funding rounds, tax credits have been approved for 244 projects to rehabilitate 320 historic buildings in 49 different Ohio communities. The program is projected to leverage more $3.4 billion in private redevelopment funding and federal tax credits directly through the rehabilitation projects.

For Whom

Owners and long-term lessees of historically designated buildings who undertake a rehabilitation project may apply for the Ohio Historic Preservation Tax Credit. A building is eligible if it is individually listed on the National Register of Historic Places; contributes to a National Register Historic District, National Park Service Certified Historic District, or Certified Local Government historic district; or is listed as a local landmark by a Certified Local Government. Properties that will be used as a single-family residence are not eligible.

Benefits

The Ohio Historic Preservation Tax Credit Program provides a state tax credit up to 25 percent of qualified rehabilitation expenditures incurred during a rehabilitation projects. Applicants are eligible for no more than $5 million in tax credits unless approved as a catalytic project. The tax credit can be applied to applicable financial institutions, foreign and domestic insurance premiums or individual income taxes.

How to Apply

Applications are received bi-annually in March and September for the Ohio Historic Preservation Tax Credit. Applicants file a competitive application with the Ohio Development Services Agency and applicable historic rehabilitation documentation with the State Historic Preservation Office. All applicants are required to schedule pre-application meetings with both offices prior to submitting an application.

Program Updates

Rounds 13 Awards Announced

The Ohio Development Services Agency awarded $41.8 million in Ohio Historic Preservation Tax Credits to 31 applicants planning to rehabilitate historic buildings in 12 communities across the state. The awards are expected to leverage nearly $600 million in private investments. Click here for a list of approved Round 13 projects.

Pipeline Initiative Accepting Applications

Applications are being accepted for the Ohio Historic Preservation Tax Credit Pipeline Initiative. The application form can be downloaded under 'Pipeline Initiative' in the left-hand menu above.

The primary goal of the Pipeline Initiative is to develop a pipeline of properties that are eligible for redevelopment assistance through the Ohio Historic Preservation Tax Credit program. The initiative provides funding and technical assistance to assist in nominating buildings, districts, and areas to the National Register of Historic Places. Funding will be prioritized for projects that create the greatest potential for commercial and multi-family housing redevelopment. Four project types, as defined in the application document, will be eligible for grant funding.

Applications are accepted on an open-cycle and funded on a first-come, first-served basis, based on funding availability. Please see the application document for additional funding determination guidance. Prior to submitting an application, all applicants are required to discuss their project with both the Ohio Development Services Agency's Office of Strategic Business Investments and the State Historic Preservation Office. Please contact the Office of Strategic Business Investments at historic@development.ohio.gov or (614) 466-4551 and the State Historic Preservation Office at shpo@ohiohistory.org or (614) 298-2000 for more information or to discuss a potential project.