Historic buildings are celebrated as local
landmarks across the country. From the
tallest skyscrapers in large cities to the
quaint Main Streets in small town America, these
landmarks form the identity of communities. Due
to their status, these landmark buildings can attain
multiple levels of historic designations, including
listing in the National Register of Historic Places and
local designation under local historic preservation
ordinances. While multiple levels of designation
protect the historic integrity of these landmarks,
potential conflicts arise when rehabilitating a locally
landmarked building using historic tax credits
(HTCs). In these cases, the path to historic approval
may encompass local, state and federal reviews,
which often add time and complexity to a project.
There are many challenges.Read Full Article Here