1. Welcome to
Heritage Ohio’s
Tax Credit Workshop
Springfield, Ohio

2. Today’s Goal:
Overview of how to use
various tax credit tools and
how to work with historic
buildings for successful
rehabilitation projects

3. Today’s Agenda:
• How Tax Credits Work- Overview by Duane Van Dyke from
Van Dyke Architects
• Developer Story by Steve Coon from Coon Restoration and
Sealants
• Structuring the Deal Overview by Don Longwell from
Longwell Legal Networking Lunch.

4. Today’s Agenda:
• Preparation and Application- Overview by Ed McCall from
McCall Sharp Architects & Judith Kitchen from Ohio Historic
Preservation Office
• Ohio’s Urban Opportunity by Mark Lundine from Ohio
Department of Development
• Financing the Deal- Overview by PNC
• Tour

5. What do Historic Tax Credits Do?
Provide financial incentive to encourage the
reuse of historic buildings instead of allowing
them to fall into disrepair or tearing them down.

6. What is a Tax Credit?
An indirect federal or state subsidy
used to finance the rehabilitation
of historic and older buildings.

7. What are the different types of tax credits
available for real estate projects?
•Federal Historic Tax Credits
•State Historic Tax Credits
•Federal New Market Tax Credit
•State New Market Tax Credit
•Low Income Housing Tax Credits
•Façade & Lost Development Easements

8. But why Historic Tax Credits?

9. Does Ohio want to attract and retain the next generation?
Does Ohio want to attract entrepreneurs of all ages?
Does Ohio want to create jobs?

10. We can do it by creating cool, hip,
vibrant, walkable, sustainable urban
neighborhoods- large and small.

11. Historic Preservation is not about
saving old buildings but:
Improving Quality of Life here in Ohio
Creating JOBS and increases property values
Contributing to income, property, and sales tax in the region
Contributing to making Ohio a success
Encouraging Heritage Tourism

12. James H. Gilmore / Authenticity:
What Consumers Really Want.

13. Ohio has the third
most historic
structures & districts
on the National
Register in the
country.
This is one of our
great competitive
advantages.

14. Historic Sites and Structures in Ohio

15. Heritage Ohio’s role in the Ohio
Historic Tax Credit:
Goals:
Large & Small Projects
Easy to Use
Reduce Developer’s Risk

16. Historic Tax Credit Projects in the Historic Gateway Neighborhood
and Historic Warehouse District- Tax Credits were responsible for
over $1 Billion in redevelopment in these two neighborhoods.

17. Cleveland Arcade

18. Schofield Building
Colonial Marketplace

19. East 4th Street, Cleveland
Warehouse District, Cleveland

20. 668 Euclid Ave., Cleveland
Euclid Ave., Cleveland

23. Norwalk
Tiffin
Shawnee Newark

24. Holland Theatre Bellefontaine
Cincinnati
Akron

25. Lancaster
Portsmouth
Saint Clairsville Bellevue

26. Mid Century Modern
Breuer Tower ASM World Headquarters

27. These Historic Buildings are one of Ohio’s
Great “Natural” Resources

28. Ohio’s Future: This Place Matters…
…and Your Place Matters