Minnesota Historic structure rehabilitation state tax credit
State Tax Incentives
The Minnesota Historic Structure Rehabilitation Tax Credit offers a 20% state tax credit for qualified historic rehabilitations, and parallels the existing federal rehabilitation tax credit. It also offers project investors an option of a grant in lieu of a credit, whichever option best suits a developer's tax situation, in order to maximize the efficiency of the public dollars assisting the project. The program is effective for projects which sign construction contracts after May 1, 2010, and requires an application with the State Historic Preservation Office before project work begins.
- Economic Impact Analysis of Projects Leveraged by the Minnesota Historic Rehabilitation Tax Credit (PDF)
- Video: Historic Tax Credits: Minnesota Historic Rehabilitation Tax Credit Report Release Event-Nov. 21, 2011
Application form and further information
- Application Instructions (PDF)
- Application Form (PDF)
- General Information (PDF)
- Tax Credit Law
- Brochure (PDF)
- Audio Podcast: Tax Credits and the Power of Money
- Audio Podcast: Historic Tax Credits: What's the Big Deal About Small Deals?
Contact: Linda Pate, Preservation Specialist, Technical Services or Natascha Wiener, Historical Architect
Featured Projects
Renaissance Box Grand Opening on August 24, 2011
The grand opening of the Renaissance Box, an affordable housing project completed by developer Aeon in the historic O'Donnell Shoe Factory Building in Saint Paul. This is Minnesota's first completed state historic tax credit project. This project not only reused an historic building for needed affordable housing, it also is a LEED-certified.
Emerge Career & Technology Center
Emerge Community Development is restoring the former Minneapolis North Branch Library, an 1894 historic landmark, to create a career and technology center that will include learning labs, gathering spaces for networking and opportunity building, career training services and office space for co-anchor tenants.
