Monday, June 20, 2016

Tax credits for projects in Providence, North Providence

The Rhode Island Division of Taxation has posted details about three rehabilitation projects: two in Providence and the other in North Providence. All involve historic preservation tax credits.

  • Plans are to rehabilitate the Union Trust Building, on Dorrance Street in the Downtown Providence Historic District, to a mix of business and restaurant use on the first two floors and rooftop, with apartments on all other floors.
  • The Irons & Russell Building, at 95 Chestnut St., in the Providence Jewelry Manufacturing Historic District, is to be converted to residential use, with 57 apartment units and a small ground-floor restaurant.
  • The proposal for the Lymansville Company Mill, at 184 Woonasquatucket Ave., North Providence, is to establish 101 apartments.

The Division of Taxation's web page on historic tax credits shows details involving all applicants that have signed a contract and paid the required fee under the state's 2013 historic preservation tax credit