Historic Neighborhoods and Properties

Today many rural and urban communities are losing their historic buildings which are major cultural resources of their community. Over the past decades many historic buildings have been demolished for salvage of timber, brick and other materials which is beneficial to some but not to the community. These historic buildings are the architectural and historical treasures of the community.

Many buildings that are listed on the National Register of Historic Places are in such poor condition they are almost beyond saving. Many of these buildings in poor condition are a blight on the community. The Federal government has identified the need to save these historic buildings and has passed legislation to provide historic tax credits to stimulate the repurposing of these buildings. Many states understand the need to save these historic structures and have also created a state historic tax credit program. There are some states that have a special State Historic Tax Credit set aside for rural communities.

These buildings not only have architectural significance but also historic significance to the community. Once gone these buildings can never be replaced. A Community Revitalization Plan provides a roadmap to save and repurpose historic buildings before they are lost.

There are many examples of cities in United States that have embraced their historic past by saving and revitalizing their historic and non-historic buildings. It is well documented that once the larger historic buildings in a historic community are redeveloped the residential neighborhoods surrounding the buildings become more desirable. This stimulates the purchase and revitalization of the single-family housing in these neighborhoods. Today many historic districts in these cities have become the most desirable neighborhoods in their communities because of the historic charm of their old buildings and neighborhoods.

The Diversified team provides a comprehensive Community Revitalization Plan to repurpose these buildings to fill the need for retail, market rate and low-income multifamily housing, senior independent living, and assisted living.

Lyric Theatre

Birmingham, Alabama

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