Important Information about Grants and Loans for Building Owners in the Murray Hill Historic District
Sunday, July 26, 2020
By: Elaine Silber, Co-Chair P&D Committee
There is good news for building owners in the Murray Hill Neighborhood Historic District and in the National Register of Historic Places. The Landmarks Preservation Commission has confirmed that they have a small grant program that provides federally funded grants to low and moderate income eligible homeowners and non-profits for restoration work. This includes, but is not limited to, restoration of facades and roofs, repointing, stoop repair, replacement and repair of windows and front doors. Grants are typically $10,000 to $30,000. Information about this Grant program is at www1.nyc.gov/site/lpc/about/historic-preservation-grant-program.page.
In addition, there is a State Historic Preservation Tax credit for homeowners in certain eligible census tracts. Read more about this program at tax.ny.gov/pit/credits/historic_rehab_credit.htm. A Federal Historic Preservation Tax credit for income producing properties is also available. These tax credits are administered through the State Historic Preservation Office.
The New York Landmarks Conservancy also has a low interest loan program called the Historic Properties Fund for Restoration which provides free project management as part of the program. You can visit their website at nylandmarks.org for information about their loans and grants.
Building owners in the Murray Hill Historic District and the National Register of Historic Places have a big advantage if they are members of The Murray Hill Neighborhood Association because they receive helpful, important information about relevant neighborhood matters.