Rehabilitation of Real Estate

A Preservation of Colorado’s Past

We know the value of sustainability and preserving our heritage, which is why we encourage the rehabilitation of historic or vacant buildings. These two tax credit programs are available to developers with eligible rehabilitation projects of designated commercial properties.

CDBG – Business Loan Funds: A locally-driven program involving 14 regions, providing funding used to stimulate economic development initiatives by providing loans and loan guarantees to businesses. Learn more.

EZ – Vacant Building Rehab: A program that encourages the rehabilitation for commercial use of buildings that are at least 20 years old and vacant for at least 2 years, by providing a 25 percent tax credit on the hard costs of rehabilitation up to $50,000. Learn more.

Preservation of Commercial Historic Structures Tax Credit: A program jointly administered with History Colorado for owners of designated commercial properties that do a certified rehabilitation of their property. Learn more.

Regional Tourism Act: A program established to give local governments the opportunities to submit for the approval of a Regional Tourism Project, unique by nature, that is designed to substantially increase out-of-state tourism and generate a significant portion of sales tax revenue from nonresidents. Learn more.

Colorado Creative Districts: This program offers vetted districts across the state access to grant funding, tailored technical assistance, networking and training programs, and access to advocacy tools to support the growth and infrastructure of the state’s creative economy. Learn more.

Space to Create: This program is the first state driven initiative in the nation to develop affordable housing and workspaces for artists and art organizations. Designed to position Colorado as the leader in artist-led community transformation in rural communities, this program will facilitate the development of nine projects over the course of eight years. Learn more.

Creative District Community Loan Fund: A program designed to promote growth and sustainability in the creative industries by providing Colorado’s creative districts access to capital to increase sector employment and infrastructure. Learn more.

Links & Resources
Ken Jensen Deputy Director, EDC Operations (303) 892-3743