1. Rehabilitation Tax Credit Application Process Getting it Right Kathleen S. Kilpatrick Virginia State Historic Preservation Officer November 7, 2007

2. Federal Program Established 1977 Over 34,000 projects certified nationally since 1977 More than $4 billion invested in FY06 1,253 projects approved in FY06

3. Virginia Program Established in 1997 Modeled on Federal Program NPS FY06: Virginia ranks #2 for projects certified = $172 million invested $1.4 billion invested since 1997 Over 1,200 state projects certified Atlantic Motor Company, Richmond BeforeAfter

4. Benefits of Program Historic Preservation Economic Development Urban Revitalization Environmentally Sound Social Cohesion

5. Part 1: Evaluation of Significance

6. Part 1 Establishes that property can participate in program: –Individually listed in National Register of Historic Places (NR) Reynolds Metals International Headquarters, Richmond

7. Part 1 Establishes that property can participate in program: –Contributing resource within Historic District listed in NR

8. Part 1 Basic Property Information: Address NR Status Project Contact Ownership Physical Description (Pg. 2) Why is it significant? (Pg. 2)

9. Part 1 Property evaluated as it currently exists: Include general photos of property Include map of property, and location in Historic District Seidenburg & Company, Petersburg

10. Things to remember: Part 1 must be submitted before project is completed May receive preliminary certification, but property must be listed within 30 months If multiple resources, address them all 5 year shelf life for an application

11. Part 2: Description of Rehabilitation

12. Part 2 Basic property information Project contact and ownership Data on rehabilitation –Square footage before/after project –Proposed use –Project start date –Phases

13. Part 2 Insert Part 2 page 2 Description of existing conditions Include comprehensive set of photos, esp. deteriorated elements

14. Part 2 Insert Part 2 page 2Description of proposed work –Detail all changes –Include drawings of existing and proposed floorplans –Product specifications ExistingProposed

15. Things to remember: Submit Part 2 prior to beginning work, if possible Phased project must be proposed up front All work must be consistent with the Standards for Rehabilitation Consult NPS guidance documents All work on property must be reviewed

16. Amendment Used for: Additional information Change in scope of work Respond to conditions established by SHPO and NPS

17. Part 3: Request for Certification of Completed Work

18. Part 3 Property information Project start date Rehabilitation completion date Estimated rehabilitation expenditure Costs associated with new construction, site work

19. Part 3 Original signature Correct information –Ownership –Taxpayer ID Number Comprehensive set of photos of completed project

20. Tips for a Successful Application Build the best professional team Become familiar with Standards for Rehabilitation Do your homework – will the project respect the historic character and spaces? Consult with NPS/SHPO early and often Follow progress carefully – make sure things going as proposed Accurate, thorough applications will be easier for NPS/SHPO to review Leads to...

21. A Peaceable Kingdom