River Edge Historic Tax Credit Program provides state income-tax credit equal to 25% of a project’s qualified expenditures to owners of certified historic structures located within River Edge Redevelopment Zones (Aurora, East St. Louis, Elgin, Peoria & Rockford) who undertake certified rehabilitations during the taxable year. The substantial rehabilitation investments will create jobs in Illinois, stimulate the economies of River Edge communities, and revitalize historic structures and neighborhoods. The program has recently been extended to December 31, 2021, and will be solely administered by Department of Natural Resources following recent changes in the Historic Preservation Tax Credit Act starting January 1, 2019.
llinois Department of Commerce and Economic Opportunity operates the program in consultation with Department of Natural Resources. Questions regarding applications and submittals may be accessed here.