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Kelly Little details CLG grant money and tax incentives available to Weatherford

Weatherford Historic Preservation Commission · August 28, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The Texas Historical Commission summarized CLG grant program size, grant award ranges and matching requirements, and explained state and federal tax-incentive programs that can support rehabilitation projects in Weatherford.

At the commission meeting, Kelly Little described concrete funding streams Weatherford can pursue as a CLG. She said the state passes a portion of federal preservation funds to CLGs and gave recent figures: “Last year, we had a $197,000 that we had to give out as CLG grants,” with typical award sizes ranging from about $5,000 to $50,000 depending on project scale.

Little also explained rehabilitation tax incentives: the federal historic rehabilitation tax credit is typically 20% for qualified projects listed in the National Register, and the Texas state tax credit (established in 2015) can be combined with federal credits and may provide an additional roughly 25% credit. She emphasized that CLG communities in good standing — including completion of annual reports and meeting program requirements — are eligible to apply and that the FY2025 CLG grant cycle application window typically opens late summer with applications due in early November (this year noted as Nov. 4).