The historic building rehabilitation tax credit increase approved by the Legislature last week won’t go into effect until Jan. 1, but Huntington Mayor Steve Williams said if the date was Nov. 1 he believes at least two developers in the Jewel City would be ready to apply.
Williams wouldn’t go into detail on what the two projects are, but he said the tax credit increase passed by the state Legislature during its special session shoved the projects to go.
“(The year) 2018 will be a breakout year because there are two projects waiting in line to go,” he said. “I can think of two major projects in downtown Huntington, and there is the potential for a third or fourth.”
House Bill 203 increased the historic rehabilitation tax credit for commercial income producing properties from 10 percent to 25 percent…