Ohio Historic Preservation Tax Credit (Commercial/Multifamily)

About This Program

Ohio state tax credit of 25% (or 35% in communities under 300,000 population) of qualified rehabilitation expenditures for historically designated buildings. Capped at $5M per project. Annual program funding increased to $75M by July 2025 Ohio budget. Note: single-family owner-occupied residences are NOT eligible — commercial, multifamily rental, and institutional uses qualify. Cleveland investors take note.

NOT for single-family owner-occupied; commercial/multifamily only

Key Details

• 25% credit (35% in communities under 300,000 residents — applies to Cleveland)
• Up to $5,000,000 per project
• Annual program funding: $75M (increased by 2025 Ohio budget)
• Competitive bi-annual rounds: March and September applications
• Single-family owner-occupied homes are NOT eligible
• Eligible: commercial, multifamily rental, institutional, historic buildings

How to Apply

Deadline: Competitive bi-annual rounds (March and September)