Preservation Buffalo Niagara
and the Elmwood Village Association have announced another joint effort to
pursue state and national historic district designation for the future Elmwood
East Historic District. The listing of Elmwood West in 2012 has resulted in
significant investment by homeowners who have been lovingly restoring their
properties and commercial property owners sprucing up their rentals or
businesses.
A community meeting will be
conducted next month to inform residents and business owners within the
potential historic district boundaries of the effects and benefits of the
designation. The likely boundaries of the district would include buildings on
east side of Elmwood Avenue from North Street to Iroquois Drive, between
Elmwood and Delaware Avenues.
Just as the designation for
Elmwood West, this new historic district would enable homeowners to utilize the
20% homeowner tax credit program and commercial property owners like storefront
and apartment buildings to use the 40% program for income producing properties.
The additional 20% for the commercial program comes from the federal
government, which is not available for the homeowner program.
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