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New York State Historic Homeownership Rehabilitation Tax Credit and Corn Hill

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historic corn hill homes rochester nyRehabilitation work on historic residential structures may qualify for a tax incentive. The credit will cover 20% of qualified rehabilitation costs of structures, up to a credit value of $50,000.00. In plain terms, you will receive a tax credit or a rebate check for up to 20% of the cost of a qualified rehab project.

Houses must be an owner-occupied residential structure and located in an eligible census tract. All of Corn Hill is in census tract 95 which is eligible. The major qualifier is that the structure must be listed on the New York State or National Registered of Historic Places.

A grant opportunity to preserve historic homes was offered by the Community Foundation. A $15,000 grant was awarded CHNA that will fund the application process to expand the homes of the Third Ward to be more representative of the original Third Ward. A contract had been signed between the Landmark Society of Western New York and Corn Hill to develop and submit the application to both New York State and the National Parks Department for an expansion of the Historic Third Ward to include all the Corn Hill homes older than 50 years.

View Map of Proposed Historic Third Ward Expansion

Over the next few months, there will be more information about how the extension application process is unfolding. Most importantly, how you can begin to plan for some desired home improvements such as a new furnace, roof, windows, etc. that will provide you with some FREE MONEY via a rebate/refund from New York State.

The next CHNA meeting, TUESDAY OCTOBER 9TH – 7:00 pm will feature a presentation by the Landmark Society of Western New York and an opportunity to ask and get answers to your questions. The meeting will be at the Phyllis Wheatley Library 33 Dr. Samuel McCree Way.