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/
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 harvey.kaplan@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
