Any building owner rehabilitating a certified historic structure for nonresidential use or both residential and nonresidential use can receive a tax credit equal to the lesser of the two: 25% of the projected qualified rehabilitation expenditures or 25% of the actual qualified rehabilitation expenditures. If affordable housing is created (and is compliant with the affordable housing certificate) then the tax credit rises to 30%. Read more about the tax credit and what rehabilitation expenditures are qualified towards the credit here.
Any owner who is rehabilitating a certified historic structure for residential use can receive a tax credit equal to the lesser of the tax credit reserved upon certification of the rehabilitation certification of the rehabilitation of the plan or 25% of the actual qualified rehabilitation expenditures not exceeding $2.7 million. Read more about this tax credit and what qualifies as qualified rehabilitation expenditures here.
Any donation of open space land or land for educational use will receive a tax credit equal to 50% of the value of any donated land.