[Neighbors] Tax Credits to Renovate Your House, Workshop This Saturday

[Gary Eyster]

Nearly 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 a NM Register plaque. The
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 at 1 pm. We
will show examples of filled-out applications. Neighbors who have used the
program will share lessons learned. We thank Monte Vista Christian Church,
3501 Campus Blvd NE, for generously sharing their Bethany Hall.

 

Until February 11, 2022 the credits were available only in the 1926 Monte
Vista and College View Historic District where 702 of the 859 houses are
eligible. On that day, 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 homes there are now
eligible. See if your house qualifies at
<https://www.flickr.com/photos/99837206@N05/sets/72157665574498565/>
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 started. 

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  <mailto:harvey.kaplan at dca.nm.gov>
harvey.kaplan at dca.nm.gov

 

Find information at 

http://www.nmhistoricpreservation.org/programs/tax-credits.html

 

Feel free to reach out with any questions or comments.

Gary Eyster

Member, Nob Hill Neighborhood Association

(505)991-1388

meyster1 at me.com <mailto:meyster1 at me.com> 

 



 



www.nobhill-nm.com <http://www.nobhill-nm.com> 

 

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