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Detroit Housing Commission
Replacement Housing Factor Program
Historic Preservation Tax Credit Programs
In the state of Michigan there are several ways of
obtaining historic tax credits.
Both the state and federal tax credit
programs permit the use of tax credit for the rehabilitation of
commercial structures. For commercial structures, the state will
only permit the capture of the difference between the federal
tax credit and the state tax credit. Since the federal is 20% and
the state tax credit is 25%, the property owner can only obtain
an additional 5% from the state.
Under the federal program you can also obtain a 10% federal tax
credit for rehabilitating a commercial property that was built before
1936.
The state also permits the use of the 25% tax credit for privately
owned residential property. However, if the project is located in
a community with a population greater than 5,000 people, the dwelling
must be a "contributing resource" in a local historic
district under Michigan's
Local Historic Districts Act (PA 169 of 1970 as amended).
An eligible resource is designated as a certified historic resource
by the SHPO after the resource is reviewed and a determination of
the resource's historic character are made. If a resource is located
in a historic district, the Sec'y
of Interior's Standards for Evaluating Significance Within Registered
Historic Districts are used by SHPO to determine whether
the resource contributes to the significance of the district.
If the population of the community is less than 5,000 people, the
property can be located in a local historic district or is listed
in the State Register of Historic Sites or the National Register
of Historic Places.
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