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Historic board approves three Level‑2 HNIZ tax exemptions for North College and North Church properties
Summary
On Nov. 6 the McKinney Historic Preservation Advisory Board approved three Level‑2 Historic Neighborhood Improvement Zone (HNIZ) rehabilitation applications for 505 N. College St., 617 N. Church St., and 705 N. College St.; each carries a 50% city ad valorem tax exemption for 10 years and required minimum investments of $10,000.
The Historic Preservation Advisory Board unanimously approved three Level‑2 Historic Neighborhood Improvement Zone (HNIZ) rehabilitation applications at its Nov. 6 meeting, granting the program’s 50% city ad valorem tax exemption for 10 years for each property.
Reina Allen presented each application and staff findings. 505 North College Street (c.1895, Queen Anne) was presented as a high‑priority contributor to local history; the eligible improvement listed was an HVAC replacement with a total cost of…
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