In a recent government meeting, officials discussed the status of a Tudor Revival home built circa 1931, which has been designated as a high priority for preservation. The home, which features a historic marker, previously qualified for certain rehabilitation incentives; however, the exemption associated with this marker expired last year.
The criteria for receiving rehabilitation level incentives stipulate that a property must be at least 40 years old, a requirement that this home exceeds, being over 90 years old. The current owner received a letter of eligibility for these incentives last year. Following this, they are required to complete verified eligible improvements within 12 months of receiving the letter.
This discussion highlights ongoing efforts to preserve historically significant properties while navigating the complexities of eligibility and incentive programs.