Frankfort Mayor Jim Holland has announced the institution of a new program aimed at preserving historic properties and helping homeowners with property improvements.
The new Frankfort Historic Home Preservation Program was voted on by the village of Frankfort’s board on Jan. 17.
“At Tuesday’s village of Frankfort board meeting, we passed a new Frankfort Historic Home Preservation Program,” Holland said in a statement posted on the Jim Holland for Mayor Facebook Page. “It provides incentives for property owners in our historic downtown to maintain and improve their homes. This is an important program for our community and recognizes those working to preserve homes in our downtown district.”
The program offers multiple incentives, including an exemption from paying village-charged fees for plan reviews, permits and inspections associated with improvements. There are three levels of incentives within the program. Incentives at the lowest level include a thank-you letter on behalf of the people of the town, and apply to general maintenance on existing homes requiring a $1,000 or greater investment.
The second-level incentive is reserved for projects that contribute to the long-term preservation of a home and remain consistent to the home’s original design or charm. Homeowners in this category typically invest in excess of $10,000 and receive not only a thank-you letter, but also a framed certificate.
The highest incentive reward is for improvement investments that involve an investment in excess of $50,000. Property owners that complete property preservation at that level will receive a thank-you letter, along with a framed certificate and a plaque expressing the village’s gratitude.
Only property owners in specific areas are eligible for the incentives, which are detailed in a brochure available online. The goal of the program, as stated in the brochure, is to provide a mechanism to encourage maintenance and improvements to existing homes in Frankfort’s historic residential district.
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