City of Binghamton, New York

Are there any funds to help with Historic Preservation projects?

Kind of.

Properties listed on the National Register of Historic Places or contributing buildings to National Register Historic Districts may be eligible for Federal and/or New York State Tax Credits for potentially up to 20% of qualifying costs for owner-occupied residential buildings, or up to 40% of qualifying costs for incoming producing buildings (this includes RENTAL residential). More information is available on the NY State Historic Preservation Office (SHPO) website.

Any designated historic property, Nation Register or Local Landmark, may be eligible for the 444a tax abatement program. If a historic preservation project will result in the accessed value, and therefore the taxes, to go up, that increase in taxes can be abated for a total of 10 years (100% abatement for the first 5 years, 80% abatement in year 6, 60% abatement in year 7, et cetera).

Please call the Historic Preservation Planner at (607) 772-7028 for more information.

Historic Preservation