This figure can usually be found on your tax bill, or can be obtained by calling your township or county assessor's office. A Certificate can be issued once the financial test has been made, even though additional rehabilitation work is anticipated. That additional rehabilitation work should be described in your application, or sent at a later date prior to initiating work. Qualified rehabilitation expenditures include any cost incurred by the property owner in renovation, restoration, or reconstruction of the historic building. Examples of allowable costs include, but are not limited to, roof replacement, repointing, painting, wood refinishing, electrical and mechanical systems upgrades, kitchen and bathroom improvements.
Architectural fees are also allowable.
New construction outside the existing structure, enlargement, and landscaping costs are ineligible. Examples of ineligible costs are patios, decks, new additions, driveways, and plants. A written summary that lists work items and costs is helpful. You need only submit enough documentation to show that 25 percent of the property's fair cash value was spent on the rehabilitation project. The allowable hourly rate is the federal minimum wage rate.