An all-inclusive approach generates the best results when developing a Community Revitalization Plan.

The plan should identify all-historic and non-historic buildings in the community that need repurposing.

There are existing state and federal government programs with incentives for the adaptive reuse of historic buildings which can be used in conjunction with private investment to fund the projects. These government programs include State and Federal Historic Tax Credits, New Market Tax Credits, FHA Financing, Tax Increment Financing, State and Federal Grants, Opportunity Zone Investment/Benefits, etc. The projects must be for profit to benefit from the before mentioned government programs. Institutional and private investors will provide the equity needed for the development of the projects.

The repurposing of the large commercial historic and non-historic buildings is very important and will provide the largest impact in filling the demand for housing in the community. The small commercial and residential buildings in the community and neighborhoods are also important. Once market rate multifamily and senior housing is developed the demand for retail and office space will increase to support the services provided to the new residents of these communities. The focus should not only be on the large buildings but, on all buildings and the community as a whole. Historic and non-historic buildings large and small both commercial and residential should be identified as part of the comprehensive plan. An all-inclusive approach is needed for a Comprehensive Revitalization Plan.