Page 42 - Brookings, SD Historic Preservation Plan
P. 42
National
• Federal Historic Rehabilitation Tax Credit
The 20% income tax credit is available for the rehabilitation
of historic income-producing buildings that are determined by
the Secretary of the Interior, through the National Park Service
(NPS), to be “certified historic structures.” In order to be eligible
for this program, the property must be listed in the National
Register of Historic Places. The SHPO office and the NPS review
the rehabilitation work to ensure it complies with the Secretary
Standards for Rehabilitation.
• National Trust Preservation Fund
823 9th Ave, a contributing property Grants from the National Trust Preservation Fund (NTPF)
to the University Residential Historic encourage preservation at the local level by providing money
District (W&Co, 2020) for preservation projects. These grants help stimulate public dis-
cussion, fund technical expertise for local groups for particular
projects and introduce the public to preservation concepts and
techniques. These grants provide seed money for a preservation
project and encourage financial support from the private sector.
Eligible projects include planning activities and/or educational
efforts focused on preservation such as:
» Planning - support for obtaining professional expertise
in areas such as architecture, archaeology, engineering,
preservation planning, land-use planning, and law.
» Education and Outreach – support for preservation
education activities aimed at the public. The National Trust
is particularly interested in programs aimed at reaching
new audiences. Funding will be provided to projects
819 9th Avenue, a contributing that employ innovative techniques and formats aimed at
property in the University Residential
Historic District (W&Co, 2020) introducing new audiences to the preservation movement,
whether that be through educational programming or
conference sessions.
Ineligible activities and expenses include:
» Building or construction activities
» Academic research
» Acquisition of real property or objects
» General support for conferences
» Organizational capacity building activities (unless pre-
approved by the National Trust)
» Staff or faculty salaries
» Organizational overhead costs
» Catering, food and beverage, entertainment
» Construction or other capital improvement costs
» Expenses incurred prior to award date
These are competitive, matching grants and range from $2,500
to $5,000. Only Organizational Level Forum members or Main
Street America members of the National Trust are eligible to
apply for NTPF funding. Additionally, applicants must be either
a public agency, 501(c) (3), or other non-profit organization. To
learn more about this grant and if you’re eligible, visit the SHPO
website, or the National Trust for Historic Preservation’s web-
page.
38 Brookings Historic Preservation Plan