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There are a variety of financial incentives available to historic property
owners. Most of these incentives are linked to renovation projects and
eligibility is based upon the type of property ownership. Public and non-profit
organizations are eligible for matching funds from the Illinois Heritage
Grants program. Homeowners can receive property tax benefits by qualifying
for the Property Tax Assessment Freeze Program. Income-producing properties
(commercial or residential apartments) can qualify for federal income
tax credits by utilizing the Federal Historic Preservation Tax Credits.
Each of these programs has different applications and eligibility procedures.
See the links below.
Heritage Grants
Property Tax Assessment Freeze
Federal Historic Preservation Tax Credits
There are other avenues for those who need help with preservation and
restoration of historic properties. Click
here for additional funding resources.
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Preservation Services Links |
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