State Funding Available to Help Preserve Historic Buildings

COLUMBUS, Ohio – Owners who are looking to preserve and rehabilitate historic buildings in their communities can begin the process to apply for state funding through the Ohio Historic Preservation Tax Credit Program. 

Administered by the Ohio Department of Development, the program provides tax credits to incentivize the preservation of historic buildings in the state.

“It’s important we continue to preserve Ohio’s rich heritage,” said Lydia Mihalik, director of the Ohio Department of Development. “The Historic Preservation Tax Credit Program honors our state’s past, while providing opportunities for the future. By preserving these irreplaceable landmarks, we are fostering economic growth, community pride and a deeper appreciation of our shared history. Whether you have one small building or a large historic district, the tax credit program can help.”

Through 32 rounds of the program, tax credits have been approved for 706 projects to rehabilitate more than 960 historic buildings across 91 Ohio communities. The program is projected to leverage more than $10.4 billion in private development funding and federal tax credits directly through the rehabilitation projects.

Applicants can start the application process HERE with an “intent to apply,” which is due by 4 p.m. Aug. 15. Interested applicants must submit an intent to apply to be eligible to submit an application. Applicants must also request a pre-application meeting with the State Historic Preservation Office by 4 p.m. July. 31.

Pictured at top: Inside The Arcade Cleveland. (Ohio Department of Development)

Published by The Business Journal, Youngstown, Ohio.