Preservation Trust hosts workshop on tax credits for historic home rehab

Milford Preservation Trust will sponsor a workshop on the Historic Homes Rehabilitation Tax Credit Program on Feb. 22 at the Dar Building on Prospect Street, from 2 to 4 p.m.

Julie Carmelich of the State Historic Preservation Office will give the workshop.

Light refreshments will be served.

The Connecticut Historic Homes Rehabilitation Tax Credit Program provides financial assistance to local nonprofit Community Housing Development Corporations and individual homeowners to rehabilitate properties in selected communities with an emphasis on Connecticut's major urban areas.

“This program has helped stem the cycle of blight, abandonment and disinvestment in the state's urban residential neighborhoods by creating new home-ownership opportunities and by assisting existing homeowners with maintenance and renovations to their property,” according to a press release about the program.

Beginning on July 1, the program will be available to homeowners statewide with the continued incentive to preserve the state's historic residential communities.

Eligible applicants are Connecticut state tax paying individuals, including private homeowners, and non-profit housing development corporations

The program allows for a tax credit of 30% of eligible rehabilitation expenditures.

Project expenditures must total at least $25,000, but that will change to $15,000 on July 1.

All work must be approved prior to the start of the project.

The tax credit cannot be taken on a personal income tax, but can be assigned to a qualified corporation providing funds in the form of cash.

After the rehabilitation the property must be owner-occupied.

The structure must be listed on the State or National Register of Historic Places.

Carmelich, who will speak at the workshop, is a historian with the Connecticut State Historic Preservation Office located within the Department of Economic and Community Development.

Her primary responsibility has been administering the State and Federal Historic Rehabilitation Tax Credit Programs.