Financial Assistance for Historic Rehabilitation

Owner-Occupied Residential
One Illinois program is designed specifically for major renovation to owner-occupied residential properties. Check out the Property Tax Assessment Freeze Program on the Illinois Historic Preservation Agency web site. Eligible properties include:

• Rock Island Landmarks
• Highland Park Historic District properties
• Broadway National Register Historic District properties
• National Register Individually Listed properties

Other residential housing rehabilitation assistance can be found at

• City of Rock Island
• Rock Island Economic Growth Corporation
• Project NOW Community Action Agency

Income Producing Properties

Income-producing properties (commercial or residential apartments) that are listed in the National Register of Historic Places can qualify for federal income tax credits by utilizing the Federal Historic Preservation Tax Credits, administered by the Illinois Historic Preservation Agency.

Other City of Rock Island programs that combine well with historic rehabilitation include:

• Façade Improvement Program
• Enterprise Zone programs
• Tax Increment Financing (TIF)
• Sustainable Business Incentives