NYS Historic Homeownership Rehabilitation Tax Credit

About This Program

20% NYS income tax credit on qualified rehabilitation expenses for homes listed on NY/National Registers of Historic Places or contributing buildings in historic districts. Cap reduced to $25,000 as of January 2025. Must be in qualifying census tract. Syracuse has several historic districts. Pre-approved work only.

Home in historic district or individually listed — qualifying census tract

Key Details

• 20% income tax credit on qualified rehab expenses
• Maximum credit: $25,000 (reduced from $50K as of Jan 2025)
• Home must be listed on NY/National Register of Historic Places
• Must be in qualifying census tract
• Pre-approval from NYS SHPO required before work starts

How to Apply

Deadline: Pre-approval required before work begins