Many residents of Silver Hill (on Gold and Silver avenues) are eligible for state tax credits that can reimburse homeowners for up to 50% of certain construction work and upkeep done on the home. The credit is applied to your New Mexico income tax.
University Heights to the east is seeking a similar Historic Overlay Zone, and they are hosting a clinic this Saturday, and they invite our neighbors to join in and get information about the state’s tax credits. Here are the details:
There will be a workshop on Saturday, May 17th 2025, at Bethany Hall, Monte Vista Christian Church, 3501 Campus Blvd NE to answer any questions. Come at noon to enjoy a light lunch and social time. At 12:30 pm Steven Moffson of the NM Historic Preservation Division will discuss the progress his office is making toward listing University Heights as a historic district which would make many homeowners there eligible for the tax credits.
At 1:00 pm Matt Saionz, with the NM Historic Preservation Division, will show how you can apply for the credits for renovating your historic house. Neighbors who have used the program will share lessons learned.
Some costs like additions, landscaping, maintenance, and demolition are not generally eligible. Work must be approved before it is started. This can take a couple of months.
Early consultation with coordinator Matt Saionz is critical. He can advise if your house is eligible and what work will qualify. You can reach him at (505) 827-4040 or matt.saionz@dca.nm.gov
Find more information at http://www.nmhistoricpreservation.org/programs/tax-credits.html
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