Applications for the Michigan State Historic Preservation Tax Credit Program Open June 15

Applications for the Michigan State Historic Preservation Tax Credit Program, a program supporting local projects and promoting the preservation of the state’s historic resources, will open June 15 at 9 a.m., according to the Michigan Economic Development Corporation.

“…The state’s new Historic Tax Credit program will help revitalize Michigan’s historic resources, resulting in vibrant, unique places where people want to live, work, visit, and play,” said Mark A. Rodman, Michigan State Historic Preservation Officer.

To be considered for the program, a property must be listed on the National Register of Historic Places, National Register of Historic Places, be in a historic district, and be individually listed or contribute to a listed district.

The credit program has a cap of $5 million per year, according to the MEDC, and is broken down as follows:

  • $2 million for commercial projects with expenditures of $2 million or more.
  • $2 million for commercial projects with expenditures under $2 million.
  • $1 million in total for owner-occupied residential projects.

Credit reservations will be on a first-come, first-served basis, the MEDC noted in a statement.

A three-part online application is used to apply for state credit. Here are the available resources that can help applicants apply for the program:

The application will close once all tax credits have been allocated for 2022, according to MEDC.

Comments are closed.