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Featured Image Courtesy The allusion to Italianate style in the stone colonnade at the end of the pool of Green Gables blends into the views of the Santa Cruz mountains. (pg. 44, from California Eden: Heritage Landscapes of the Golden State by Christine Edstrom O’Hara and Susan Chamberlin published by Angel City Press at the Los Angeles Public Library. Photo credit: Nils Timm)

Preservation Financing: Funding Preservation Projects

Preservation costs, but many financial incentives, strategies, or programs are often overlooked. Other preservation opportunities are passed up because their long-term role in economic development are poorly marketed or remain unarticulated. This session will help make sense of the many financial incentives available for historic preservation. Participants will learn how federal tax credits, easements, the Mills Act, partnerships, and syndication may help improve the prospects and viability of a preservation project.

Speakers

  • Christine Fedukowski, Principal, CFC
  • Katie Lamont, Director of Housing Development, Tenderloin Neighborhood Development Corporation
  • Adam Engelskirchen, Principal, The Capiterra Group

Learning Objectives

  1. Examine the many financial incentives for historic preservation projects, from small to large
  2. Weigh the requirements of preservation financing programs with their expected financial rewards
  3. Determine whether or not a site qualifies for different forms of financing, from Mills Act to federal rehabilitation tax credits, economic development programs, and beyond
  4. Explore how public-private partnerships help secure financing through CDBG, new market tax credits, facade easements and other programs

Posted in: Financial Incentives, Mills Act, Tax Credits, Webinars