What financial resources are available to assist with preservation efforts?

Tax Credits Grants Loan Funds

Local

The Prince George's County’s Preservation Tax Credit provides a ten percent tax credit for the approved restoration/ rehabilitation of county-designated Historic Sites or contributing properties within county-designated Historic districts. A five percent credit for approved new construction in a county-designated historic district is also available. For more information, contact the Historic Preservation Commission at 301-952-3520 or consult www.pgplanning.org/hpc.htm.

The Friends of Preservation Grant Program up to $4,000 for "bricks and mortar" for locally
designated Historic Sites and contributing properties in local historic districts; properties listed in the National Register are also eligible. For more information contact Prince George's Heritage Grant Program, 301-864-6709.

 State

The Maryland Sustainable Communities Tax Credit Program provides up to 20 percent state income tax credit for approved restoration/rehab expenses for "certified historic structures" or properties designated under a Certified Local Government ordinance. For more information, consult www.marylandhistoricaltrust.net.

Preservation Maryland provides Emergency Grants to local organizations of $500- $5,000 (individuals are not eligible). The Preservation Maryland Revolving Loan Fund provides loans for the purchase and rehabilitation of endangered properties by owned by nonprofit organizations. Loans range from $5,000-$50,000. For more information, contact Preservation Maryland at 410-685-2886, or consult www.preservationmaryland.org

Maryland Historical Trust: The Easement Program enables owners of National Register properties to convey perpetual easements as donations or gifts to the Maryland Historical Trust in exchange for income, estate and property tax advantages. The Historic Preservation Capital Grant is available to nonprofit organizations, local jurisdictions, business entities and individuals seeking to acquire, rehabilitate or restore historic properties listed in or eligible for listing in the Maryland Register of Historic Properties. Non-Capital Grants are available to nonprofit organizations and local jurisdictions for historic preservation education and public programs including research, survey, evaluation and the preparation of preservation planning documents and educational materials. The Historic Preservation Loan Fund is available to nonprofit organizations, local jurisdictions, business entities and individuals for the acquisition, rehabilitation, restoration of properties listed in or eligible for listing in the Maryland Register of Historic Properties. For information on all Maryland Historical Trust programs, consult www.marylandhistoricaltrust.net.

Federal Income Tax Credit for Historic Buildings

A 20 percent Federal tax credit is available for the substantial rehabilitation of certified historic income-producing properties, and a 10 percent tax credit for the substantial rehabilitation for income-producing properties built before 1936. Rehabilitation work must be certified by the Maryland Historical Trust and National Park Service for compliance with the Secretary of Interior's Standards for Rehabilitation. For more information, consult www.cr.nps.gov.

National Trust for Historic Preservation

The Preservation Services Fund makes small grants ($500-$5,000) available to nonprofit organizations, public agencies or educational institutions for consultant services, preservation education and co-sponsored conferences. Grant funds must be matched dollar-for-dollar. The Critical Issues Fund supports innovative research and problem-solving to effect policy change at the local, state and national level. Grants ranging from $5,000-$25,000 must be matched.

The National Trust for Historic Preservation’s Loan Fund offers low-interest loans, lines of credit and participation in community development projects with nonprofit organizations and public agencies for acquisition, stabilization, rehabilitation or restoration of significant historic property. Properties may be used, leased or resold. Loans must be matched dollar-for-dollar. The National Trust Loan Fund provides financial and technical resources to organizations that use historic preservation to support revitalization of underused and distressed communities. Special assistance is available for National Historic Landmarks. For more information, visit www.nationaltrust.org.