Historic Building Designation Could Unlock Vital Tax Credits
October 23, 2024 | Bowling Green, Wood County, Ohio
This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »
Heather shared insights gained from attending the Heritage Ohio conference, where she learned about successful transformations of shuttered schools into apartments and senior housing, often funded through historic tax credits. She emphasized that to access these financial incentives, a building must be either on the National Register or locally designated.
The nomination process involves a detailed application that must meet specific criteria, and while it does not require the owner's consent, the owner must be notified, and a public hearing is mandated. Heather noted that the condition of the building does not affect its eligibility for the National Register, as the focus is on the historical significance rather than physical state.
The conversation also touched on the possibility of pursuing local designation, which may require the owner's initiation, depending on the existing ordinance. Heather concluded that achieving National Register status could serve as a crucial first step in securing financial assistance for the building's preservation and potential redevelopment.
View full meeting
This article is based on a recent meeting—watch the full video and explore the complete transcript for deeper insights into the discussion.
View full meetingSponsors
Proudly supported by sponsors who keep Ohio articles free in 2025
