Other Resources and Funding
In addition to the two tax credit programs there are other sources of funding that may be useful in restoring or preserving income-producing properties.
You may also be able to find assistance at the local level by contacting your local preservation commission and your local planning, community development, or housing offices.
Depending on the proposed or intended use of a building, there may be other sources of financial support, including:
Several incentives are available to encourage investment in privately-held historic properties. Many successful rehabilitation projects include a partnership between a private, for-profit developer and a municipal or nonprofit agency that has access to grant funding or other resources. Examine the specific goals and requirements of these programs:
Specific technical information is available from these organizations:
- The National Park Service preservation briefs cover specific preservation problems and techniques. There are nearly 50 titles that are are revised and/or supplemented annually.
- Secretary of the Interior’s Standards for the Treatment of Historic Properties
- National Trust for Historic Preservation offers a variety of assistance for commercial properties. their Main Street Center promotes a four-pronged approach to downtown revitalization that includes a robust historic preservation component.
The Alliance’s Field Service Program can advise you on how to get the best information about appropriate treatment options, consultants and contractors and share examples of similar successes or best-practice models. We also offer training, networking, and conference opportunities. Our goal is to support your commitment to preservation activity within your community by helping you access to the best tools and techniques.
A quick search of the Internet using "historic preservation" and "funding" will bring up a number of other websites that will be useful, including those of the Advisory Council on Historic Preservation, the Foundation Center, and Cornell University. These sites include listings of private foundations and other groups that offer grants for historic preservation.
For more information on funding for historic buildings, please contact the National Trust's Resource Center.
Check out the National Trust for Historic Preservation's page on Commercial Funding
For those restoring or preserving income-producing properties, there are several publications available to help with your restoration. The article by the National Institute of Building Sciences can help you get started, along with Preservation Books, including A Guide to Tax-Advantaged Rehabilitation.
Funding and tax incentives may be available for your restoration project at the federal, state and local level. To begin your search, it is important to first understand what resources area available in your area.
The National Trust has prepared a state-by-state list of tax incentives detailing state tax incentive programs for historic preservation; however, the most up-to-date information will be available from your SHPO. You may also be able to find assistance at the local level by contacting your local preservation commission and your local planning, community development, or housing offices. In addition, please review the following programs.
Grants and loans
The New Hampshire Community Development Finance Authority (CDFA) provides financial and technical assistance to community development corporations, worker cooperatives, and certain municipal entities. The Authority is unable to assist for-profit businesses directly, but can work through a for-profits nonprofit partner. CDFA funds major community development projects primarily with the Community Development Investment (Tax Credit) Program. It has proven to be a major source of support for affordable housing and economic development.
The Community Development Block Grant program, administered by the Community Development Finance Authority, provides federal funds to communities for housing, economic development, and public facilities for low- and moderate-income people. Feasibility Grants are available for project planning (including feasibility studies, surveys, and professional architectural and engineering services). Implementation grants provide substantial funding for construction and rehabilitation work. For more information, contact Patrick Herlihy, Community Development Block Grants, 14 Dixon Avenue, Suite 102, Concord, NH 03301 (603) 226-2170.
The New Hampshire Housing Finance Authority is the state's housing advocacy agency, and administers a variety of funding sources, including federal and state loans and grants to support housing programs and projects.
Moose Plate Grants: The Conservation License Plate Program provides funds to supplement existing efforts to preserve New Hampshire resources, from scenic lands and wildlife to historic sites. Grants of up to $10,000 are made available to state and county agencies, towns and cities and non-profit organizations that operate or manage publicly owned and accessible historic properties and historic or archaeological artifacts. The NH Division of Historical Resources, (603) 271-3483, manages this grant program.
NH Land and Community Heritage Investment Program (LCHIP): provides matching grants to public entities (other than state agencies) and non-profit organizations, to help communities acquire and preserve natural, cultural and historical resources.
Eversource Community Development grants available in the Eversource service territory on a rolling basis throughout the year for historic preservation and more. Eversource, 780 North Commercial St. Manchester, NH 03101 Application available online.
The New Hampshire Coastal Program offers matching grants for technical assistance, planning/management, and construction/acquisition. New Hampshire's 17 coastal cities and towns, the Rockingham and Strafford Regional Planning Commissions, state agencies, and non-profit organizations are all eligible for funding. Recipient's portion of the matching funds can be as non-Federal cash or in-kind services. For more information, contact the Coastal Program Office, 152 Court Street, Portsmouth, NH 03801 (603)431-9366 or call the Office of State Planning in Concord (603)271-2155.
New Hampshire's Transportation Enhancement Act: provides funds and selects projects that preserve the historic culture or enhance the operation of the transportation system. Project categories include: facilities, safety and educational activities for bicyclists and pedestrians; acquisition of easements for scenic or historic sites; scenic or historic highway programs (including tourist and welcome centers); landscaping, beautification, historic preservation; rehabilitation and operation of historic transportation buildings, structures or facilities (including historic railroad facilities and canals); preservation of abandoned railway corridors (including the conversion for use as bike and pedestrian paths); control and removal of outdoor advertising; archaeological planning and research; environmental mitigation to address highway created water pollution and establishing transportation museums.
Area Office Contacts
Links To Pages Within The Commercial Property Section