The City has a low-interest loan specifically for owners of historic properties, the Historic Preservation Revolving Loan Fund (HPRLF). This revolving loan allows the owner of a historic property to borrow up to $10,000 from the City at a rate of 2% with a maximum loan term of 120 months. Priority is given to projects that also utilize the state's tax credit program, which provides a 25% state tax credit for residential owners who spend a minimum of $10,000 on eligible work. For income-producing projects, a 20% state tax credit AND a 20% federal tax credit are available. The program's rack card is below, or can be printed here.