« All Events
Tax Credits to Renovate Your House; Workshop
April 22 @ 12:00 pm - 2:00 pm
Over a hundred homeowners in Nob Hill have claimed New Mexico tax credits for qualifying, pre-approved work like reroofing, new heating and cooling, new electrical service, new water and sewer pipes under the house and to the street, restoring wood floors, and purchasing an NM Register plaque. Tax credits cover 50% of qualifying costs and are applied directly against New Mexico income tax. You get up to five years to use them.
Nob Hill Neighborhood Association plans a workshop on Saturday, April 22 to help you get started. Harvey Kaplan of NM Historic Preservation Division will be on hand.
Come at noon to enjoy lunch and a social time courtesy of your neighborhood association. The presentation will kick off a 1 pm. We will provide examples of filled out applications and neighbors who have used the program will be on hand to share lessons learned and answer questions. Thank you to Monte Vista Christian Church, 3501 Campus Blvd NE, for providing the location.
Until recently the credits were available only in the 1926 Monte Vista and College View Historic District where 702 of the 859 houses are eligible. On February 11, 2022 the NM Historic Preservation Division (HPD) listed 1925 Granada Heights and 1945 Broadmoor Addition as historic districts in the NM Register of Cultural Properties. The majority of houses there are now eligible. See if your house qualifies at https://www.flickr.com/photos/99837206@N05/sets/72157665574498565/
Some costs like window replacement, additions, landscaping, routine maintenance, and demolition are not generally eligible. Work must be approved before it is done. Early consultation with HPD coordinator Harvey Kaplan is critical. He can advise if your house is eligible and what work will qualify. Reach him at (505)827-3971 or email@example.com
Find information at http://www.nmhistoricpreservation.org/programs/tax-credits.html