Financial Assistance
Historic Fuller Paint Building - now Big D Construction Headquarters, Salt Lake City
You may be able to get financial assistance for historic preservation through:
- Federal Tax Credit (for income producing buildings) or the Utah Tax Credit (for residential buildings). You can save 20 percent of the cost of your rehabilitation work through either program. The National Park Service has a great website about Federal Historic Preservation Tax Incentives.
- Low-interest loans. These are primarily for residential buildings, and are available through the Utah Heritage Foundation, 801/533-0858.
- CLG Grants. These grants are given to Certified Local Governments (CLGs). Individuals may have access to these grants through local historic preservation commissions.
- The Olene Walker
Housing Loan Fund. Seven Olene Walker Housing Loan Fund-funded programs and initiatives support the construction, rehabilitation and purchase of affordable multi and single-family housing throughout Utah. Your historic building project may qualify for financial assistance. Visit http://housing.utah.gov/owhlf/index.html to see if your project qualifies.
- Local Government Assistance. Local governments often have financial assistance programs that may be used for historic buildings, usually through their housing, economic development or redevelopment agencies. Contact your local government for more information. Or visit these cities' websites:
Salt Lake City: http://www.slcgov.com/CED/hand/ and http://www.slcrda.com/
- Grants from the Utah Preservation Initiatives Fund. These grants come from the National Trust for Historic Preservation and are available to local governments and nonprofit organizations.
- PreservationNation Blog Stories, news, grant information and notes from the National Trust for Historic Preservation.