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Find similar grantsState Historic Rehabilitation Tax Credit (SHRTC) — Commercial Program is sponsored by California Office of Historic Preservation. Provides tax credits for the rehabilitation of eligible historic commercial and income-producing properties in California.
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State Historic Rehabilitation Tax Credit State Historic Rehabilitation Tax Credit Alert Something is happening and people are freaking out. PROGRAM UPDATE: The Office of Historic Preservation is not currently accepting applications for the California State Historic Rehabilitation Tax Credit Program. Funding for all tax credit categories has been exhausted.
The State of California offers tax credits for the rehabilitation of eligible historic residential and income-producing properties. Application instructions and forms For complete SHRTC information, download and read the 10-page SHRTC Program Regulations For complete SHRTC information, download and read the CTCAC Regulations Do you have a historic home?
Learn about the California State Historic Rehabilitation Tax Credit Program for Residential Properties . Do you have a historic commercial or income-producing property? Learn about the federal and State Historic Rehabilitation Tax Credit Program for Commercial and income-producing Properties .
State Historic Rehabilitation Tax Credit Allocation Categories Qualified Expenses Less than $1 Million Qualified Expenses Greater than $1 Million Budgeted allocation $2,000,000 We are currently not accepting applications Budgeted allocation $8,000,000 We are currently not accepting applications Budgeted allocation $40,000,000 We are currently not accepting applications Minimum $25,000 qualified expenses Minimum $25,000 qualified expenses Minimum $25,000 qualified expenses Property must be listed in the California Register or National Registers Property must be eligible for or listed in the California and/or National Registers Property must be eligible for or listed in the California and/or National Registers Occupancy and income eligibility requirements Dual projects must meet federal requirements Dual projects must meet federal requirements Credit available for 20% or 25% of QRE Credit available for 20% or 25% of QRE When the total project estimated Qualified Rehabilitation Expenses exceed the funding allocated for the allocation category, OHP stops accepting applications for that category.
Application Forms and Instructions These application forms are fillable PDFs. Download the form and fill in the fields as directed. Save the completed form and name the file .
Please read the instructions thoroughly and complete the forms. Incomplete applications will be placed on hold until a completed application is provided. Application Instructions (v.
5/24 ) Initial Project Application Sections 1, 2 and 3 ( v5/24 ) Section 2: Application Narrative ( v5/24 ) Section 2: Amendment Form ( v5/24 ) Completed Project Application Sections 4 and 5 ( v5/24 ) State Historic Rehabilitation Tax Credit Program Qualified rehabilitation projects may receive a tax credit of 20% of the qualified rehabilitation expenditures (QREs).
Some projects may qualify for a 25% tax credit if certain criteria are met (see Appendix D of the Application Instructions ). Residential projects costing less than $25,000 in QREs do not qualify for the tax credit. Residential projects with a QRE greater than $125,000 are limited to the $25,000 tax credit allocation cap.
Funds for the State Historic Rehabilitation Tax Credit have been allocated into three categories: A certified historic structure that is a qualified residence A certified historic building with qualified rehabilitation expenditures (QRE) of less than $1 million A certified historic building with qualified rehabilitation expenditure (QRE) of $1 million or more Applications will be reviewed until the allocated funds for that application category are depleted for the year.
A completed Initial Project Application and application fees must be submitted to be considered. Dual projects still in construction are only required to submit the state Initial Application Form and the fee. Dual projects completed after January 1, 2022 are only required to submit the Completed Project Application form, including all statistical information, and the entire fee computed from the final QRE.
No additional requirements beyond the previously submitted federal submission that was transmitted separately are needed.
According to the current listing, eligibility includes: Property owners or lessees of historic commercial properties in California. Confirm the full requirements in the official notice before applying.
State Historic Rehabilitation Tax Credit (SHRTC) — Commercial Program is funded by California Office of Historic Preservation. Verify program details on the funder's official page before applying.
This opportunity targets applicants in California. If your organization operates elsewhere, check the official notice for location requirements.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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