TAX CREDITS

 


Grand Park Centre

FINANCIAL INCENTIVES

  • Federal Tax Credits for 20% of ALL
    Construction-Related Costs
  • Michigan Tax Credits for 25% of ALL
    Construction-Related Costs
    (5% with Federal Credits)

QUALIFICATION REQUIREMENTS

Federal Credits:

  • Be located in National Register Historic
    District for Federal Credits.
  • Spend at least the Adjusted Basis of the
    Building in Construction Costs.

Michigan Credits:

  • Be located in local historic district.
  • Spend at least 20% of the SEV in construction costs.

Both:

  • Follow Secretary of the Interiors Standards for Rehabilitation.
 


Woodward Lofts

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