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Des Moines projects to receive $17 million in state historic tax credits

Four local historic rehabilitation projects have qualified for $17 million of the $32.7 million in income tax credits available from a state program for the 2016 and 2017 fiscal years, according to the Iowa Department of Cultural Affairs. The State Historic Preservation and Cultural & Entertainment District Tax Credit program provides an income tax credit of up to 25 percent of qualified rehabilitation costs for the preservation of historic buildings that are on or eligible for the National Register of Historic Places. Total awards announced today include slightly more than $14 million in tax credits that had been allocated in previous years but had gone unused for a variety of reasons. 
  • $8 million to rehabilitate historic Fort Des Moines into apartments 
  • $8 million to convert the old Register and Tribune building into apartments
  • $545,261 for repairs to Herndon Hall (the Bergman mansion)
  • 5,261 for Temple B’nai Jeshurun renovations
  • Projects also were approved in Burlington, Cedar Rapids, Fort Dodge, Fort Madison, Mount Pleasant, Sioux City and Waterloo.

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