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Workshops on tax credits for commercial, residential properties in Elmwood District to be held Wednesday

Two free educational workshops on tax credits for commercial and residential property owners within the new Elmwood Historic District will be held Wednesday (6/26).

The two-hour workshop for commercial property owners will begin at 3 p.m., with the 1 1/2 hour workshop for residential property owners following at 6:30 p.m. Both will be held at the Lafayette Presbyterian Church, 875 Elmwood Ave. Presenters will include speakers from the State Office of Parks, Recreation and Historic Preservation, and the Preservation League of New York State.

The State Historic Homeowner Tax Credit Program will cover 20 percent of qualified rehabilitation costs of owner-occupied historic houses, up to a credit value of $50,000. The State Historic Commercial Properties Tax Credit will cover up to 20 percent of qualified rehabilitation costs, up to a credit value of $5 million.