Hinsdale Preservation Commission approves financial incentives for historic home renovations

The Village Board Meeting held on April 22, 2025, in Hinsdale, Illinois, focused on the success of the village's financial incentive program aimed at encouraging home rehabilitation. Board members discussed the positive impact of the program, noting that many homeowners would not have undertaken renovations without the financial support offered, including grants and tax relief.

One board member highlighted that the program has proven effective, stating, "We’re kind of the victim of our own success here." The incentives, particularly the ability to add Floor Area Ratio (FAR), have made Hinsdale's housing market unique, attracting diverse architectural styles and enhancing property values across the village. The board is considering adjustments to the program, such as potentially reducing financial incentives while maintaining other benefits like expedited permit processes and fee waivers.

During the meeting, homeowners shared their experiences with the program. Marie, a resident at 213 South Clay Street, described how the incentives facilitated their decision to purchase and renovate a historic property. She emphasized the village's supportive approach, which included guidance on navigating renovation restrictions and access to financial incentives. Another homeowner, Mike, discussed the restoration of a historic home, expressing gratitude for the village's commitment to preserving architectural heritage.

The board also reviewed specific projects, including a $275,000 renovation at 213 South Clay Street, which received a $10,000 grant and tax relief. Other projects discussed included exterior improvements at 306 East First Street and a slate roof replacement at 518 South Garfield, both of which also benefited from the village's financial support.

The meeting concluded with a consensus on the importance of the incentive program in maintaining Hinsdale's unique character and encouraging responsible home renovations. The board plans to further evaluate the program during the upcoming budgeting process to ensure its continued success and sustainability.