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What financial incentives are available for improving an old/historic building?

Most funding sources available for historic buildings are for properties listed on the National Register of Historic Places either by being in one of Albany’s National Register Historic Districts or being listed individually. To find out if your building is on the National Register of Historic Places, please review the Local Historic Inventory spreadsheet, which is sorted numerically and lists the National Register district name if the building is in a historic district. Contact This email address is being protected from spambots. You need JavaScript enabled to view it., 541-917-7550 with any questions.

Grants and Loans

Grants and Loans

State

National Register properties are eligible to apply for the “Preserving Oregon” rehabilitation grants offered by the State Historic Preservation Office (SHPO). Applications are invited, usually in November, and are awarded competitively. Contact the SHPO for the grant schedule.

Federal 

Visit the “Federal Financial Assistance for Historic Preservation Projects” website. Grants are typically awarded to properties with regional, state or national significance as a result of unique craftsmanship, a historic event, or famous person residing on the site. Grant awards are extremely competitive.

Low-Income

Occasionally there is money available for certain types of improvement for low-income housing. Household income must be below 80% of the median family income in order to be eligible. Income limits are listed on the Community Development Block Grant Programs page. Please visit the DevNW Home Repair Program webpage to learn more. 

 

The Community Development Department guides growth and development within Albany by balancing the needs of current residents with those of future generations to ensure that the community remains a vibrant and desirable place to live, work, and play.

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