Explore tens of thousands of sets crafted by our community.
Historic Preservation and Real Estate
20
Flashcards
0/20
Adaptive Reuse
Adaptive reuse involves repurposing an old building for a use that is different from what was originally intended, allowing property owners to maintain the historic character while adapting to current market demands.
Facade Easement
A facade easement is a legal agreement that restricts the alteration of the historic facade, ensuring that the property’s historical features remain intact, possibly providing tax benefits to owners.
Historic Tax Credits
This financial incentive provides a reduction in federal or state taxes in exchange for the certified rehabilitation of historic buildings, facilitating developers in financing preservation projects.
Conservation District
This is an area of special architectural, historical, or cultural significance whose properties are protected through regulation; crucial for developers when planning property changes.
Section 106 Review
This is a process required by the National Historic Preservation Act for all federally funded projects to consider their impact on historic properties, influencing developer's project designs and budgets.
Certified Historic Structure
A property officially recognized as historic by the National Park Service, often qualifying it for certain financial incentives for preservation, pivotal in investment decisions.
Historic District
An area that has been formally recognized for its historical significance, with regulations aimed at preserving the aesthetics, impacting developers' planning permissions and property values.
Cultural Landscape
Geographic areas that have been shaped by human interaction and hold historical significance, which can impact development projects involving public spaces or land.
Heritage Tourism
Tourism based on historic sites and cultural experiences, which can create revenue streams for property owners of historic buildings and motivate maintenance and preservation.
Preservation Plan
A long-term strategy outlining how to maintain and preserve a historic property, essential for owners to effectively manage and protect their investment.
Easement Donation
The act of giving a portion of property rights for the preservation of its historic, architectural, or cultural aspect, potentially leading to tax deductions for the owner.
Infill Development
Developing vacant or underused land within an existing urban area, often challenging due to historic preservation concerns, but can provide economic benefits to developers and communities.
Preservation Economics
The study and use of economic principles to determine the value of preserving historical sites, factoring into decisions on whether to preserve, alter or demolish a historic property.
Secretary of the Interior’s Standards
The set of guidelines for maintaining, repairing, and replacing historic materials, as well as designing new additions or making alterations, crucial for property owners seeking tax credits or grants.
Landmark Status
Official recognition by local, state, or national governments of a property's historic, architectural, or cultural importance, affecting property owner’s rights and potential uses.
Transfer of Development Rights (TDR)
A planning tool that allows property owners to sell or transfer the right to develop from their historic property to another location, protecting historic sites while still realizing potential financial benefits.
Contextualism
An approach in urban planning and architecture where new developments are designed to harmonize with historical surroundings, significant for developers working in historic districts.
Building Conservation
The process of preserving and maintaining a building’s structure, character, and heritage, crucial for prolonging the life of historic properties and potentially increasing their value.
Historic Structure Report
A comprehensive report that documents the history, significance, and condition of a historic building, serving as a guide for property owners in the care and maintenance of the structure.
Demolition by Neglect
The process whereby a historically significant building falls into severe disrepair due to owner's inaction, potentially leading to loss of cultural heritage and penalties for the property owner.
© Hypatia.Tech. 2024 All rights reserved.