Session 1B: Historic Designations, Standards for Rehabilitation, Tax Advantages, & Historic Districts.

APA Florida Chapter, Orlando Metro Section


Monday, August 4, 2014
10:30 a.m. - 12:30 p.m. EDT

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Session 1B: Historic Designations, Standards for Rehabilitation, Tax Advantages, & Historic Districts. This session will delve deeper into historic designation, standards for rehabilitation, tax advantages and historic districts. Attendees will leave with a better understanding how achieve a successful historic district. The key topics are outlined below. **National Register of Historic Places, Local Registers, and Florida Master Site File. - We will discuss how a city or county can establish historic designation under the National Register of Historic Places, including local registers and the process for Florida Master Site File. We will discuss the importance of resource identification on the Florida Master Site File, as well as historic designation. The difference between National and Local designation and the differing benefits will also be discussed. **Secretary of the Interior’s Standards for Rehabilitation will be discussed so jurisdictions can establish best management practices and utilize common standards for maintenance, rehabilitation, and restoration of historic structures. Such standards can be implemented as part of the local historic preservation ordinance, and can serve as a guide to both staff and grant review committee decisions regarding all applications for incentives involving historic structures **Ad valorem tax advantages and the Federal Rehabilitation tax credit. – We will discuss how Ad Valorem Tax Exemptions could be made available for eligible historic rehabilitation improvements for properties listed on the National Register of Historic Places or local register of historic places. Examples of projects in Tampa and St. Petersburg that benefited from such tax exemptions will also be presented. The Federal Rehabilitation tax credit program will also be discussed, which will outline the dollar-for-dollar reduction of federal income tax liability for owners or long-term lessees of substantially rehabilitated income-producing historic properties. We will also discuss the tax credit of up to 20% of allowable rehabilitation expenditures available through this program. **Benefits of Historic districts, design overlay districts, historic preservation ordinances, design guidelines and architectural review boards will also be discussed. The process of creating a Historic Preservation Overlay district will be outlined, including the surveying of local resources and then evaluating and prioritizing for their preservation. Finally, we will discuss how this can be done by identifying areas with a critical mass of contributing structures to be incorporated into a Historic Preservation Overlay.