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Nebraska Tax Credit Aims to Revitalize Historic Buildings

nebraska state historical societyLINCOLN, Neb. (AP) — A new state tax credit designed to help renovate historic buildings is seeing a surge in interest from nonprofits and developers.

The Nebraska State Historical Society approved 46 projects this year in Omaha, Boys Town, Columbus, Norfolk and Red Cloud at a total cost of more than $14.9 million.

The agency received 58 applications. Project applicants snagged nearly all of the $15 million that was available this year within the program’s first two months.

The tax credit is helping to convert abandoned Omaha buildings into new apartments, repair old homes at Boys Town and create a National Willa Cather Center in Red Cloud.

Ryan Reed of the Nebraska State Historical Society says the state already has a list of projects awaiting money in 2016.

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