What is historic preservation?

Transcription

1 THE WASHINGTON STATE DEPARTMENT OF ARCHAEOLOGY & HISTORIC PRESERVATION Historic Preservation is Economic Development: An Overview of DAHP s Programs and Partnerships Greg Griffith, Deputy State Historic Preservation Officer Department of Archaeology & Historic Preservation What is historic preservation? Preservation is about deciding what s important, figuring out how to protect it, and passing along an appreciation for what was saved to the next generation. Preservation is hands on National Park Service website: 1

2 DAHP S MISSION To Preserve and Protect the Cultural Resources of Washington State for Future Generations WHAT DOES DAHP DO? Administers the National Register, Washington Heritage Register & Heritage Barn Register Certified Local Government (CLG) program Reviews & comments on projects that may affect historic properties (Section 106, SEPA, EXO 0505) Tax incentives State Historic Preservation Plan And more! 2

3 DAHP PROGRAMS NATIONAL & WASHINGTON HERITAGE REGISTERS 1,277 listings on the National Register of Historic Places statewide. 200 National Register Historic district listings. 403 listings on the Washington Heritage Register of Historic Places statewide. 23 National Historic Landmark listings. WHAT IS A CLG? The Certified Local Government Program (CLG) is a Partnership between the Department of Archaeology and Historic Preservation and the National Park Service and local governments with preservation programs. NHPA (National Historic Preservation Act) of 1966 was amended to include the CLG program in It says that your local government has an approved HP program. 3

4 WHY BECOME A CLG? WHAT ARE THE BENEFITS? Locally designated properties become eligible for Special Tax Valuation. Your community becomes a partner in the national/state historic preservation program. Access to technical assistance by the Department of Archaeology and Historic Preservation. Grant funds available only for CLGs. Participation in the nomination of local properties to the National Register of Historic Places. WHAT ARE THE RESPONSIBILITIES? Maintain an active commission that meets at least 4 times per year (monthly is the norm). Abide by all preservation laws at the Federal, State and Local levels. Get training! DAHP can help with this. Begin or continue survey and inventory work. Administer the incentives (Special Tax Valuation). List properties on the Local Register of Historic Places. 4

5 CLG GRANTS CLG Grants may be used for: Education Brochures, web sites, videos, classroom curriculum, workshops, training, presentations Planning Historic preservation plans, historic structures reports, rehabilitation plans, interpretation plans, etc. Survey/Inventory Documenting historic properties in local jurisdictions, creating electronic databases, updating inventory forms Nominations Write nomination to the National Register of Historic Places, amend/update old nominations FEDERAL INVESTMENT TAX CREDITS 20% Federal Tax Credit on Qualified Rehabilitation Expenditures Example: For $1,000,000 in rehab expenditures a $200,000 credit can be taken. 5

6 FINANCIAL INCENTIVE$ Federal Investment Tax Credit eligibility Property must be individually LISTED on National Register of Historic Places or be certified as a contributing property in a National Register listed Historic District Rehabilitation must meet the Secretary of the Interior s Standards for Rehabilitation The project must be SUBSTANTIAL; i.e. >$5,000 or exceed the IRS definition of the adjusted basis of the building Property must be INCOME PRODUCING, including business, rental residential, industrial, etc Cannot be a non-profit or government entity unless a private entity is established (limited partnership, LLC, etc) Federal Investment Tax Credit Stats in Washington State Since 1978 when the program began: 260 projects statewide $974 million Total Rehab Expend. 120 Seattle projects for $632 million Total Rehab Expend. 6

7 Federal Investment Tax Credit Nationwide Since 1976 when the program began: 57,783 jobs created in 2012 $5.33 Billion in 2012 (approved) 1.42 million buildings NR listed 20% income producing (284,000) 7

8 Federal Investment Tax Credit Nationwide Since 1976 when the program began: 38,700 projects nationwide $66 Billion Total Rehab Expend. *$106.1 Billion (adjusted for inflation) ~1,100 projects / year ~$3 billion / year (adjusted for inflation) SPECIAL TAX VALUATION FOR HISTORIC PROPERTIES Enabling legislation passed in 1985 Local government implements the law through ordinance Local government determines which property types are eligible Can be used for a substantial rehabilitation (25% of structure value) for either residential or commercial property 24 month period prior to application Amount of rehab subtracted from property value for a period of ten years 8

9 SPECIAL VALUATION: WHAT IS IT? Special Valuation is the revision of the assessed value of a historic property which subtracts, for up to ten years, such rehabilitation costs as are approved by a local review board. before Coleman Automotive, Seattle after SPECIAL VALUATION: WHAT IS IT? Example: Property is assessed pre-rehab at $200,000 Owner invests $50,000 in qualified rehabilitation expenditures (must be at least 25% of assessed value prior to rehab) according to preservation standards Property is re-assessed after renovation at $250,000, a 25% increase in property value Special Valuation is the re-assessed value of $250,000 minus qualified rehab expenditures of $50,000. $250,000 - $50,000 = $200,000 Result: Property taxes will not reflect substantial improvements made to the historic property for a period of up to ten years. 9

10 Department of Archaeology & Historic Preservation Washington Trust for Historic Preservation 113 communities are part of the Washington Main Street Network 32 Washington Main Street Communities 81 Affiliate Communities For every $1 the state invests in the Washington State Main Street Program ($160,000), an additional $144 in private investment is generated in the 32 Washington State Main Street Communities. 10

11 30 Washington Main Street Communities: 2014 Statistics 350 new businesses 1,305 new jobs $23,051,707 in private investment (storefront & building rehabilitation; lighting; signage; interior work) $18,543,809 in public improvement investment (streetscaping, lighting, infrastructure, public buildings) 11

12 Washington State Main Street Program Statistics 1,400 New Businesses and New Jobs New Businesses New Jobs 1,200 1, Main Street Tax Credit Incentive Program The business gets a tax credit for 75% of their donation the following year. The business may be eligible for a deduction on their Federal taxes in the year the donation is made. Eligible community organizations can receive donations totaling up to $133, per calendar year. Businesses can donate up to $250,000. The program for the entire state is capped at $1.5 million. 12

13 10 new businesses 361 new jobs $3,900,000 in private investment 101 new businesses 306 new jobs $3,352,962 in private investment 13

14 18 new businesses 57 new jobs $1,464,400 in private investment Department of Archaeology & Historic Preservation 1063 S. Capitol Way Suite 106 Olympia, WA Allyson Brooks State Historic Preservation Officer