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Federal Historic Preservation Tax Credit   

The Federal Historic Preservation Tax Incentives program encourages private sector investment in the rehabilitation and re-use of historic buildings. It creates jobs and is one of the nation's most successful and cost-effective community revitalization programs. It has leveraged over $102.64 billion in private investment to preserve 45,383 historic properties since 1976. The National Park Service and the Internal Revenue Service administer the program in partnership with State Historic Preservation Offices.

https://www.nps.gov/tps/tax-incentives.htm

   

Delaware State Tax Credit

Preservation Delaware and the Delaware State Historic Preservation Office (DE SHPO) will be offering Historic Preservation Tax Credit workshops throughout the state. 


Delaware Downtown Development District (DDD) Program

The DDD program, administered for each certified district by the Delaware State Housing Authority, supports large and small development projects with rebates of up to 20% of qualified costs. This program can be layered with the Delaware Historic Preservation Tax Credit program, for qualified historic properties within DDD districts.

http://www.destatehousing.com/Developers/dv_ddd.php


Kent County Tax Credit Program for Historic Properties

This program offers tax credits for historic properties listed in the National Register of Historic Places based on preservation, rehabilitation, and/or restoration projects involving exterior improvements to the architectural facades of buildings. It is a tool to encourage visible rehabilitation and helps to protect elements of Kent County's heritage by encouraging investment in and continued use of existing buildings.

For more details and the application, download the PDF:

For guidance, contact the Historic Preservation Planner:
Kent County Department of Planning
414 Federal Street, Room 320
Dover, DE 19901
(302) 744-2471
(302) 736-2128 fax

New Castle County Tax Credit Program for Historic Properties

Link: ARTICLE 12. - TAX EXEMPTION PROGRAM FOR HISTORIC PROPERTIES

Wilmington Tax Credit

Any property that is on the National Register of Historic Places and any property within a City Historic District (overlay zoning) are eligible for this incentive program, which amounts to abatement of any increased tax assessment resulting from a substantial and qualified rehabilitation or new construction. There is no maximum increased valuation limit. Renovation of an existing structure carries an abatement period of 10 years from the date of the increased assessment; new construction carries an abatement period of 5 years. The work must meet City Historic District requirements and the City’s Finance Director must approve a documentation package. The ordinance may be viewed from the City’s website at www.wilmingtonDE.gov. Contact the Department of Planning if you intend to apply.

https://www.wilmingtonde.gov/home/showpublisheddocument?id=9869

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