Developer Incentives

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The Shaw Neighborhood has been designated a Historic District, making rehab projects within the District eligible for both State (25% of applicable construction costs) and Federal Historic Tax Credits (Additional 20% of applicable construction costs for rental properties held for five years) .

In addition, five and 10 year tax abatement may be available.

Commercial Façade Grants and a 50/50 sidewalk programs may also be available. For more information, call us at 773-7429.

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