The Ohio Department of Development recently announced that it has “awarded $35.8 million in Ohio Historic Preservation Tax Credits to 18 owners planning to rehabilitate 44 historic buildings in 10 communities across the state,” according to a press release from the department. The awards, “made possible through renewal of the program in the state's Fiscal Year 2012-2013 budget,” should result in projects that create both construction and permanent jobs, the release said.
The Ohio Historic Preservation Tax Credit program provides a 25 percent tax credit to owners of historically significant buildings for qualified rehabilitation expenses. Funding is awarded through competitive application rounds and is based on economic benefit and regional distributive balance. For more, including a list of the awarded projects, read the press release.