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East LR Renewal
by
Waldon, George
in
Boarding houses
/ Houses
/ Neighborhoods
/ Tax credits
2024
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East LR Renewal
by
Waldon, George
in
Boarding houses
/ Houses
/ Neighborhoods
/ Tax credits
2024
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Trade Publication Article
East LR Renewal
2024
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Overview
An exception is the planned renovation of the historic Woodruff House at 1017 E. Eighth St. Partners Steve Gardner and Gabe Holmstrom began working on the project even before they invested $115,000 to purchase the antebellum house and adjoining land 11 months ago. The first step was forming plans that met the approval of the Arkansas Historic Preservation Program and the Department of the Interior and ensured the project would qualify for state and federal tax credits. Located in a designated opportunity zone, the project also qualifies for other tax credits, accelerated depreciation and no capital gains if the property is held for 10 years before selling.
Publisher
Arkansas Business
Subject
MBRLCatalogueRelatedBooks
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