Local and Federal Preservation Incentives.

There are some tax advantages and support for preserving and adapting historic structures for a new use. Local agencies are the first place to start. The St. Cloud Downtown Council in conjunction with the St. Cloud Housing and Redevelopment Authority (HRA) offers a Downtown Improvement Loan Program. Loans are written down 3 percent for the first five years for a one-time loan up to $40,000 for exterior façade and interior structural improvements. Contact the Downtown Council, 320-259-4010.

The Federal Historic Preservation Tax Incentives program supports private sector rehabilitation of historic buildings that are National Historic Landmarks. Income-producing properties that are rehabilitated according to certain federal standards can receive a 20 percent tax credit on structural renovation expenses. Started in 1976 following a change in the federal tax code, the program is administered by the National Park Service (NPS) in partnership with the Internal Revenue Service (IRS) and State Historic Preservation Offices (SHPOs). For more information, visit www.cr.nps.gov/hps/tps/tax/incentives.