Tag Archives: Preservation League of NYS

Governor Signs Rehabilitation Tax Credit Enhancements

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Joined by state, municipal and local advocates for community revitalization and historic preservation, Governor David Paterson signed legislation that greatly improves the New York State Rehabilitation Tax Credit program. The measure (A.9023-Hoyt/S.6056-Valesky) provides incentives and program features for developers and municipalities seeking to rehabilitate historic buildings, and is hoped to advance redevelopment and economic stimulus goals throughout New York State.

“We have every reason to believe that the New York State Rehabilitation Tax Credit will prove one of the most effective economic and community development programs in the state,” said Jay DiLorenzo, President of the Preservation League of New York State, the not-for-profit organization that led the charge for enhanced tax credits.

Commissioner Deborah VanAmerongen of the State Division of Housing and Community Renewal said, “The Rehabilitation Tax Credits will foster new private and federal investment where it is most needed: our economically distressed downtowns and commercial districts, main streets, and older residential neighborhoods. Further, these incentives will encourage the use or reuse of existing affordable housing resources. I’m delighted that we now have a more powerful tool for revitalizing communities across New York State. “

New York’s first-ever rehabilitation tax credit was adopted as Chapter 547 of the Laws of 2006, but limitations of both the commercial and residential programs failed to provide sufficient incentives to deliver economic and community revitalization to municipalities in need. An economic impact study recently conducted by HR&A Advisors of New York, an industry leader in economic development, real estate and public policy consulting, predicts that the enhanced rehabilitation tax credit will spur over $500 million dollars of economic activity in New York State and create some 2,000 jobs over its initial five-year lifespan.

The act will take effect on January 1, 2010. For more information on New York’s Historic Preservation Tax Credit Programs, call the New York State Historic Preservation Office at (518) 237-8643 or visit http://nysparks.state.ny.us/shpo/investment/index.htm .

Preservation League to Honor 2009 Award Recipients

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The Preservation League of New York State will honor and celebrate the recipients of its Excellence in Historic Preservation Awards at the The New York Yacht Club, 37 West 44th Street – New York City on Wednesday evening, May 13, 2009 from 6 p.m. to 8 p.m. The suggested donation is $60 per ticket. For more information contact Shelley LaClair at 518-462-5658 x13 or download the invitation and RSVP card from the League’s website at www.preservenys.org.

Preservation in Tough Economic Times

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Daniel Mackay, Director of Public Policy for the Preservation League of New York State, testified at a hearing of the New York State Senate Finance and Assembly Ways and Means Committees regarding economic development initiatives and arguing for an expanded tax credit for the rehabilitation of historic properties in distressed areas as a way to stimulate the economy:

If New York is to be successful in preserving open space, working farmland and curbing sprawl, economic development must be directed back to existing municipal infrastructure, and that will require recognition and reuse of New York State’s extraordinary legacy of historic buildings in our commercial downtowns and residential neighborhoods across the Empire State.

Because New York State faces a severe budget challenge, now is the time to prioritize implementation of the tools and programs that target public and private reinvestment where it is most needed, in ways that most effectively leverage private and federal dollars for community renewal and economic reinvestment, and in ways that most aggressively and immediately meet economic stimulus benchmarks.

The program that meets these tests and serves these goals is an expanded New York State Rehabilitation Tax Credit. Legislation will shortly be introduced by Senator David Valesky and Assemblymember Sam Hoyt which will effectively and appropriately expand this program, direct stimulus and rehabilitation activity to distressed areas, and contain costs for New York State…

The Preservation League, and a diverse and growing partnership of business leaders, municipal officials, economic development interests, and a wide array of environmental and preservation organizations [including the Landmark Society] are joining together in a campaign entitled “Reinvest New York” to promote inclusion of this program in the enacted 2009-2010 New York State Budget…

Implementation of an expanded New York State Rehabilitation Tax Credit program represents a targeted investment in the downtowns and historic neighborhoods that form the core of municipalities across New York State, and represents exactly the type of investment that New York State should make in difficult economic and budgetary times: a targeted tool that leverages significant federal and private investment and delivers proven results and benefits to municipalities across New York State.

Apparently, according to Confessions of a Preservationist, Maryland, Missouri and Rhode Island, are three states with good tax credit programs that produce significant economic benefits. “In Rhode Island every $1 million in state tax credit investment leverages $5.35 million in total economic output.” Preservationist notes,  “In other words, the program more than pays for itself – it generates income for the state and creates jobs while improving our communities.”

Preserve New York Grant Deadline in May

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Applications are now available to eligible municipalities and not-for-profit organizations to compete for funds through Preserve New York, a grant program of the Preservation League of New York State and the New York State Council on the Arts (NYSCA). A total of $96,400 is available for historic structure reports, historic landscape reports and cultural resource surveys. Grants are likely to range between $3,000 and $10,000 each. The application deadline is May 4, 2009.

Examples of eligible projects include: historic structure reports for public buildings; historic landscape reports for municipal parks; and cultural resource surveys of downtowns and residential neighborhoods. For Preserve New York Grant Program guidelines, visit the League’s website. Prospective applicants should contact the Preservation League to discuss their projects and to request an application form.

Preservation League Seeks Award Nominations

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The Preservation League of New York State is seeking nominations for its 2009 Excellence in Historic Preservation Awards, which recognize notable achievements in historic preservation throughout New York State. The postmark deadline for nominations is February 12, 2009. The awards will be presented during the Preservation League’s Annual Meeting in May in New York City. The Excellence in Historic Preservation Awards program continues a tradition that began in 1979 to acknowledge excellence in the protection and revitalization of the Empire State’s historic architectural and cultural resources.

By honoring meaningful accomplishments in the field of historic preservation, the League hopes to further encourage standards of excellence and to increase public awareness of and support for historic preservation throughout the state. Nomination forms are available to download on the League’s website at www.preservenys.org.

The 2008 Excellence Award recipients were: Webb Lofts in Buffalo, Erie County; MacNaughton House Stabilization in Newcomb, Essex County; U.S. Post Office & Courthouse, Cadman Plaza in Brooklyn, Kings County; Downtown Revitalization Program in Canajoharie, Montgomery County; Eldridge Street Synagogue on the Lower East Side, New York County; Proctors in Schenectady, Schenectady County; Hotel Kirkland in Kingston, Ulster County; and the BID Model Development Block in New Rochelle, Westchester County. Preserving New York: Winning the Right to Protect a City’s Landmarks by Anthony C. Wood (Routledge, 2007) received a special citation. The Hudson Valley Chapter of the American Society of Home Inspectors was honored for organizational excellence; and Trude Brown Fitelson of Rochester was honored for individual excellence.

For nomination forms and other information please contact the Preservation League office at 518-462-5658 x17; or by email at awards@preservenys.org.

The Preservation League of New York State, founded in 1974, is the not-for-profit organization dedicated to the protection of New York’s diverse and rich heritage of historic buildings, districts and landscapes. From its headquarters in Albany, the League provides a unified voice for historic preservation. By leading a statewide movement and sharing information and expertise, the Preservation League of New York State promotes historic preservation as a tool to revitalize our neighborhoods and communities, honor our heritage and enrich our lives.