Page 85 - Corvallis, OR Historic Preservation Plan

Historic Preservation Plan

Oregon’s Special Assessment of Historic

Property Program * A

Oregon’s Special Assessment of Historic Property Program is a financial ♦
incentive that was established in 1975 and was the nation’s first state- ffllllMMItt I [
level historic preservation tax incentive. The program determines a
property’s assessed value for 10 years. It is most effective when the J
program is in place prior to a substantial rehabilitation of a property.
There is a list of program requirements including that the property
listed in the National Register of Historic Places is an individually listed
or contributing resource in a historic district. If the property is not k ■sm
previously listed in the National Register, it must be listed within two Johnson-Woodruff House
years of being certified to be eligible for the program. A preservation
plan must be prepared that outlines substantial rehabilitation work
the building will undergo in the 10-year period. An application fee
based on the assessed value of the property must be paid. Ten percent
of the total real market value of the property must be invested in /h j
rehabilitation within the first five years of the program. The plan must C-r r r
have SHPO approval and will be administered by local government ■ mOIMNITT
through design review. An Oregon SHPO plaque must be installed. Bursts'

Oregon Heritage Grant Program Whiteside Theater

The Oregon Heritage Grant Program is administered by the Oregon
Heritage Commission. This grant provides matching funds to non-
profit organizations, federally recognized tribal governments and local
governments for projects that conserve, develop or interpret Oregon’s
heritage. Currently, there is $200,000 available statewide per biennium
for the grant.

Preserving Oregon Grant

The Oregon SHPO offers matching grants for rehabilitation work that
supports the preservation of historic structures listed in the National
Register of Historic Places, or for significant work contributing toward
identifying, preserving and/or interpreting archaeological sites.
Currently, $250,000 per biennium is available, and grant funds may be
awarded for amounts up to $20,000.

Diamonds in the Rough Grant

The Diamonds in the Rough Grant is part of the Preserving Oregon
Grant and is meant for projects that are to restore or reconstruct the
facades of buildings that have been heavily altered over the years. The
purpose is to return these facades to their historic appearance and
to potentially qualify them for historic register designation (local or
national). Grants may be awarded up to $20,000.

Final: November 15, 2017 79