State and Federal historic tax credits help revitalize historic Saint Louis City neighborhoods. 25% of eligible costs with a renovation cost in the amount of 50% or more of the acquisition price (i.e. a property bought at $100,000 would require a $50,000 renovation (or more) to qualify) are reimbursed through the state program. An additional 20% is available for rental renovations held for 5 years through the Federal historic tax credit program.
With the approval of the Alderman, tax abatement of 5 to 10 years may be available.
Saint Louis City offers a 50/50 sidewalk incentive for all home owners and developers of residential real estate.
Saint Louis City also provides commercial facade grants to businesses in Saint Louis City.
