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One of the first questions many people have when they consider purchasing an historic property, particularly one that needs improvement, is "What kind of help is out there for this project?". Fortunately, there are some great financial incentives at the federal, state, and local level that can help make the financial implications of restoring an historic property more manageable.
The type and amount of financial assistance depends on a number of things:
Much research and compilation has been done both by the National Park Service and by the South Carolina State Historic Preservation Office to help property owners figure out which tax credits they qualify for. Below is a list of links to different resources those two organizations have put together. The City of Beaufort also has its own local incentives for certain types of restoration and redevelopment, so those are listed as well. If you have any questions, please contact Lauren Kelly in the Planning Department: 843-525-7011.
Incentives for income-producing properties:
Incentives for both owner-occupied and income-producing properties:
Incentives for a variety of specific building types and scenarios: