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This application form is for the State Supplemental Downtown Preservation Financing Program, allowing applicants to provide information about their development project, including required contact
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How to fill out state supplemental downtown preservation
How to fill out STATE SUPPLEMENTAL DOWNTOWN PRESERVATION FINANCING PROGRAM APPLICATION – Part I
01
Obtain the application form from the appropriate state agency's website.
02
Read the application instructions carefully to understand the eligibility criteria and requirements.
03
Fill out the applicant's information section, including name, address, and contact details.
04
Provide a detailed description of the proposed project, including its location and purpose.
05
Include financial information, such as estimated project costs and funding sources.
06
Attach any required documentation, such as site plans, photographs, or letters of support.
07
Review your application for completeness and accuracy before submission.
08
Submit the completed application by the specified deadline, either electronically or by mail.
Who needs STATE SUPPLEMENTAL DOWNTOWN PRESERVATION FINANCING PROGRAM APPLICATION – Part I?
01
Local governments seeking funding for downtown preservation projects.
02
Non-profit organizations involved in community development and preservation efforts.
03
Property owners looking to improve or restore buildings in designated downtown areas.
04
Businesses planning to undertake renovations that contribute to downtown revitalization.
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People Also Ask about
What is the eligible basis for the historic tax credit?
To qualify for the 20 percent credit, a building must be a certified historic structure (buildings individually listed on the National Register of Historic Places or listed as a contributing building in a National Register or state or local historic district certified by the Secretary of the Interior.
What is the historic tax credit?
Through the Historic Tax Credit (HTC) program, federal tax law provides an income tax credit to developers, who own historic buildings that undergo substantial rehabilitations into income-producing uses, such as housing.
What is the historic tax credit in Mississippi?
The Mississippi Historic Preservation Tax Incentives Program offers a 25% tax credit for the rehabilitation of historic structures used for business purposes. Owner-occupied dwellings and properties used for income-producing purposes are eligible.
Which of the following would make a building ineligible for the 20% historic preservation tax credit?
Owner-occupied residential properties do not qualify for the federal rehabilitation tax credit. The 20% credit is available only to properties rehabilitated for income-producing purposes, including commercial, industrial, agricultural, rental residential or apartment use.
What is the historic tax credit program in Mississippi?
The Mississippi Historic Preservation Tax Incentives Program offers a 25% tax credit for the rehabilitation of historic structures used for business purposes. Owner-occupied dwellings and properties used for income-producing purposes are eligible.
How to get a historical grant?
Landmark owners should check with their State Historic Preservation Officer to find out about the availability of Federal and State funds. Often State and local governments have grant and loan programs available for historic preservation; these funds tend to be for small amounts.
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What is STATE SUPPLEMENTAL DOWNTOWN PRESERVATION FINANCING PROGRAM APPLICATION – Part I?
The STATE SUPPLEMENTAL DOWNTOWN PRESERVATION FINANCING PROGRAM APPLICATION – Part I is a form used to apply for financial assistance aimed at preserving and revitalizing downtown areas within a state. It is part of a broader initiative to support local economies and maintain the historical integrity of urban centers.
Who is required to file STATE SUPPLEMENTAL DOWNTOWN PRESERVATION FINANCING PROGRAM APPLICATION – Part I?
Entities involved in downtown development projects, including local governments, nonprofit organizations, and private developers seeking financial support for preservation efforts in designated downtown areas are typically required to file this application.
How to fill out STATE SUPPLEMENTAL DOWNTOWN PRESERVATION FINANCING PROGRAM APPLICATION – Part I?
To fill out the application, applicants should provide detailed information about the proposed project, including its goals, estimated costs, and expected impact on the downtown area. Additional documentation may be required, such as project plans, financial statements, and timelines.
What is the purpose of STATE SUPPLEMENTAL DOWNTOWN PRESERVATION FINANCING PROGRAM APPLICATION – Part I?
The purpose of the application is to secure funding for projects that aim to preserve and enhance downtown areas. It helps ensure that financial resources are allocated to initiatives that contribute to community development, economic sustainability, and cultural heritage.
What information must be reported on STATE SUPPLEMENTAL DOWNTOWN PRESERVATION FINANCING PROGRAM APPLICATION – Part I?
The application requires reporting on project details such as the project name, location, objectives, budget breakdown, funding sources, timelines, and any community engagement efforts related to the project.
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