Section 10-A1016. HP-3.1 PRESERVATION INCENTIVES

 

1016.1Financial incentives are beneficial and sometimes necessary as a means of achieving preservation of historic properties. Incentives can also help to preserve affordable housing and protect neighborhood diversity. Existing preservation incentives include the federal Historic Preservation Tax Credits and New Market Tax Credits. District programs include a Revolving Fund Loan Program and the new Targeted Historic Homeowner Tax Credit. 1016.1

 

1016.2Policy HP-3.1.1: Preservation Incentives

 

Develop and maintain financial incentives to support preservation of historic properties in private ownership. Give priority to programs to assist owners with low and moderate incomes. 1016.2

 

1016.3Policy HP-3.1.2: Incentives for Special Property Types

 

Develop specialized incentives to support preservation of historic properties like schools, places of worship, theaters, and other prominent historic structures of exceptional communal value. Use a variety of tools to reduce development pressure on these resources and to help with unusually high costs of maintenance. 1016.3

 

1016.4Action HP-3.1.A: D.C. Preservation Incentives

 

Implement and promote the District’s new targeted homeowner incentive program through an active program of outreach and public information. Monitor and evaluate the program to assess its effectiveness and to guide the development of other appropriate incentives and assistance programs. 1016.4

 

1016.5Action HP-3.1.B: TDR Benefits for Preservation

 

Evaluate the effectiveness of existing transfer of development rights (TDR) programs, and consider revisions to enhance their utility for preservation. 1016.5

See the Land Use Element for additional policies and actions on row house preservation.

 

notation

The provisions of Title 10, Part A of the DCMR accessible through this web interface are codification of the District Elements of the Comprehensive Plan for the National Capital. As such, they do not represent the organic provisions adopted by the Council of the District of Columbia. The official version of the District Elements only appears as a hard copy volume of Title 10, Part A published pursuant to section 9a of the District of Columbia Comprehensive Plan Act of 1994, effective April 10, 1984 (D.C. Law 5-76; D.C. Official Code § 1 -301.66)) . In the event of any inconsistency between the provisions accessible through this site and the provisions contained in the published version of Title 10, Part A, the provisions contained in the published version govern. A copy of the published District Elements is available www.planning.dc.gov.