Services
Tax Credits
State tax credits are available for owner occupied and income producing properties that are listed individually on the National Register and Virginia Landmarks Register, or are located in, and contributing to, districts listed on those registers. The state program awards a 25% credit for all hard costs and most soft costs related to the renovation of an eligible historic building. The three part application is reviewed by the Virginia Department of Historic Resources and/or National Park Service for its compliance with the Secretary of the Interior's Standards, which are philosophical guidelines for the treatment of historic buildings. Interpretation of the Standards is largely based on precedent; interpreting the precedent and completing the necessary paperwork is the key service CPG offers to clients when consulting on historic rehabilitation tax credit projects. There are also federal tax benefits for income producing properties, which can result in an additional 20% credit for all hard and most soft costs related to the renovation of an eligible historic building. The federal application and review process is very similar to the state process. CPG advises architects on acceptable and unacceptable approaches to tax credit rehabilitation projects, thus streamlining the design and application process for clients.
- Virginia Department of Historic Resources Tax Credit Information
- National Park Service Tax Credit Information
- Secretary of the Interior’s Standards for Rehabilitation
- Tax Code of Virginia Information on Historic Rehabilitation Tax Credits
Prosperity Through Preservation, Courtesy of the Virginia Department of Historic Resources
Register Nominations
The National Register of Historic Places and Virginia Landmarks Register recognize significant sites, objects, buildings, structures and districts in Virginia which convey its historic and architectural development. The registers were established in 1966 and are maintained by the Virginia Department of Historic Resources and National Park Service. Registration provides recognition of historic significance and access to historic rehabilitation tax credits. In Virginia, there is a two step nomination process beginning with a Preliminary Information Form and culminating in completion of the National Register Nomination. Documentation includes a detailed description of the architectural and historic significance of the resource or district, in addition to mapping, archival photography and a presentation to the Board of Historic Resources and State Review Board. CPG undertakes individual and historic district nominations for clients interested in pursuing designation; to date, we have completed over 20 individual and historic district nominations successfully.
- Virginia Department of Historic Resources Register Nomination Information
- National Park Service National Register Nomination Information
Preservation Planning
CPG has assisted local governments, architectural review boards, and stewards of historic properties in preservation planning initiatives throughout Virginia. Projects have varied from an analysis of local policies and recommendations for improvement of the architectural review process to development of a five year maintenance plan, budget and schedule for museum properties for a Capital Improvement Plan. Our approach is to provide comprehensive services for preservation planning targeted to the specific needs of the client. To that end, we assemble a highly talented team with the specific skill sets necessary for each project. We regularly work with archaeologists, conservators, craftsmen and other specialists, managing the project to ensure the client needs are met.
