Archetype is helping the owners of 1717 Kendall Ave. in Madison’s University Heights Historic District take advantage of Wisconsin’s Historic Rehabilitation Tax Credit program. We are also handling the certification of their project required by the city’s Landmarks Ordinance.
The University Heights is a federally designated historic district and also a locally designated historic district under Madison’s Landmarks Ordinance. That means that the owners of 1717 Kendall are eligible for the 25% state tax credit (a credit that reduces their Wisconsin income tax obligation by 25% of the rehabilitation costs), and are also subject to review under the standards of Madison’s Landmarks Ordinance.
The owners plan to replace storm doors, storm windows, cedar shake siding, and rain gutters, and repair deteriorated trim around the whole house.
Because the cost of all the work will be more than the maximum per-project credit allowed by the program, the project will be broken down into three smaller projects. Each project will be submitted under a separate application. The rules of the program allow an unlimited number of project submissions, even though there is a per-project cap on the amount of the credit.
Because the house is also in a city-designated historic district, the project must meet the design standards of the city’s Landmarks Ordinance, and be certified by the city’s Historic Preservation Planner. Archetype is handling that certification process as well. In this case, since the homeowners are meeting the standards for the tax credit program, the project will also likely meet the standards for the University Heights district. So we’ll get the certification for the tax credit program first, then use the same submission materials for the city certification process.
Our total consulting time for this project will be around 10 hours. We’ll help the homeowners save over $20,000 on the whole project, and many hours negotiating with city and state officials.