Keystone Preservation Group
Historic Preservation, Architectural Conservation, Scope Consultation, RITC Consulting
Historic Preservation, Architectural Conservation, Scope Consultation, RITC Consulting
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Rehabilitation Investment Tax Credit Consultation
The United States Government encourages the preservation and adaptive
reuse of historic buildings with the federal rehabilitation investment tax credit
(RITC) program. The tax credits are an incentive which encourage property
owners to rehabilitate their historic buildings in an historically appropriate
manner. Two types of federal credits are available:
- 20% tax credit for the certified rehabilitation of an historic structure
- 10% tax credit for the rehabilitation of a pre-1936 non-historic,
non-residential structure
In order to be eligible for RITCs, an owner must have a building which is
considered a certifiable historic property, must meet the requirements for a
substantial rehabilitation and must pursue an architectural program which
meets the requirements of the Secretary of the Interior's Standards for the
Rehabilitation of Historic Properties. The Standards include guidelines for very
specific aspects of rehabilitation work, including significant architectural
features, exterior masonry, windows, floor plans, additions, etc. In short,
however, they are intended to guide architectural programs to ensure that
significant aspects of an historic building are respected and that historic
building materials and features are treated properly.
To obtain tax credits, the Owner must submit a series of applications which
include photographs taken before and after construction, building information,
drawings, specifications, a narrative description of the proposed work and
supporting documentation. Submitted to the State Historic Preservation Office
(SHPO), and the National Park Service (NPS), the applications are as follows:
- Part 1, Evaluation of Significance: This document is used to determine
whether the building is eligible for the tax credits.
- Part 2, Description of Rehabilitation: This is the core document for tax credit
applications, describing in detail the architectural program for the building
and making a case for the fact that the program will be completed in
accordance with the Standards.
- Part 3, Request for Certification of Completed Work: This document is
accompanied by photographs which demonstrate that work has been
completed in accordance with the Part 2 Application.
Keystone Preservation's staff has successfully guided property owners
through the rehabilitation process for more than 220 buildings. We work
closely with owners, architects, contractors and historic reviewing agencies to
ensure that issues are addressed properly and in a timely manner. Our role in
successful projects typically includes pre-construction consultation, design
review, site visits during construction, as well as negotiations with the SHPO
and NPS.
The United States Government encourages the preservation and adaptive
reuse of historic buildings with the federal rehabilitation investment tax credit
(RITC) program. The tax credits are an incentive which encourage property
owners to rehabilitate their historic buildings in an historically appropriate
manner. Two types of federal credits are available:
- 20% tax credit for the certified rehabilitation of an historic structure
- 10% tax credit for the rehabilitation of a pre-1936 non-historic,
non-residential structure
In order to be eligible for RITCs, an owner must have a building which is
considered a certifiable historic property, must meet the requirements for a
substantial rehabilitation and must pursue an architectural program which
meets the requirements of the Secretary of the Interior's Standards for the
Rehabilitation of Historic Properties. The Standards include guidelines for very
specific aspects of rehabilitation work, including significant architectural
features, exterior masonry, windows, floor plans, additions, etc. In short,
however, they are intended to guide architectural programs to ensure that
significant aspects of an historic building are respected and that historic
building materials and features are treated properly.
To obtain tax credits, the Owner must submit a series of applications which
include photographs taken before and after construction, building information,
drawings, specifications, a narrative description of the proposed work and
supporting documentation. Submitted to the State Historic Preservation Office
(SHPO), and the National Park Service (NPS), the applications are as follows:
- Part 1, Evaluation of Significance: This document is used to determine
whether the building is eligible for the tax credits.
- Part 2, Description of Rehabilitation: This is the core document for tax credit
applications, describing in detail the architectural program for the building
and making a case for the fact that the program will be completed in
accordance with the Standards.
- Part 3, Request for Certification of Completed Work: This document is
accompanied by photographs which demonstrate that work has been
completed in accordance with the Part 2 Application.
Keystone Preservation's staff has successfully guided property owners
through the rehabilitation process for more than 220 buildings. We work
closely with owners, architects, contractors and historic reviewing agencies to
ensure that issues are addressed properly and in a timely manner. Our role in
successful projects typically includes pre-construction consultation, design
review, site visits during construction, as well as negotiations with the SHPO
and NPS.
The Princeton Club, exterior
The Princeton Club, interior
Bell Telephone Building, exterior
Bell Telephone Building, interior
St. Stanislaus Institute, historic photo
St. Stanislaus Institute, floor plan
St. Stanislaus Institute, exterior
St. Stanislaus Institute, exterior
