2011 forsyth heritage awards
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A recent Historic Macon Foundation restoration
Restoring More than Buildings: Developing Economies and Communities
Through Historic Preservation
Wednesday, October 19, 11
P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org
Why Preservation?
Wednesday, October 19, 11
P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org
Why Preservation?
Wednesday, October 19, 11
P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org
Soul of the Community
Wednesday, October 19, 11
P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org
Living History Map
www.livinghistorymap.com
Wednesday, October 19, 11
P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org
Dog Park
Wednesday, October 19, 11
P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org
Tree Nursery
!
Wednesday, October 19, 11
P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org
Second Sunday
Wednesday, October 19, 11
P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org
Mercer Village
Wednesday, October 19, 11
P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org
Neighborhood Revitalization
Wednesday, October 19, 11
P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org
Revolving Fund model
Grants andLoan funds
Purchase property
Rehabilitate property
Sell property
Wednesday, October 19, 11
Historic Macon has rehabilitated more than 150 historic buildings•Creating over 2,000 construction jobs•Investing $12,000,000 in historic building restoration
P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org
Neighborhood Revitalization
Wednesday, October 19, 11
$0
$3,750,000.00
$7,500,000.00
$11,250,000.00
$15,000,000.00
Year 1 Year 2Year 3
Year 4Year 5
Year 7 Year 8
Year 9
Historic Macon’s projects Average increase
P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org
Economic Development
Wednesday, October 19, 11
Additional $141,500.00In property taxes EVERY year
P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org
Creating New Taxes
Wednesday, October 19, 11
0
25
50
75
100
Crim
e Rate
Huegenin Heights
Tattnall Square HieghtsNeighborhood
Crime Eliminated Downtown
Before RevitalizationAfter Revitalization
Crime dropped 80% in Huguenin Heights and 50% in Tattnall Square Heights thanks to Historic Macon’s investments
P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org
Reducing Crime
Wednesday, October 19, 11
Historic Macon helps save the environment•Rehabilitating old homes is better for the environment than building new•Saving houses has kept 20,000 TONS of debris from entering the landfill
140 Buildings =
20,000 TONS of debris=
The weight of…
1,810 school buses
P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org
The Environment
Wednesday, October 19, 11
P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org
Beall’s Hill
Wednesday, October 19, 11
P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org
Days on Market
0
28
55
83
110
Historic Macon National Average
Days on Market
Wednesday, October 19, 11
P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org
Property Tax Profit
0
5
10
15
20
Suburban development Historic preservation
Profit margin on taxes Cost to service
Wednesday, October 19, 11
P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org
980 Maple St.- Before
Wednesday, October 19, 11
P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org
980 Maple St.- After
Wednesday, October 19, 11
P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org
972 Maple St.- Before
Wednesday, October 19, 11
P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org
972 Maple St.- After
Wednesday, October 19, 11
P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org
1295 Ross St.- Before
Wednesday, October 19, 11
P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org
1295 Ross St.- After
Wednesday, October 19, 11
P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org
1035 Elm St.- Before
Wednesday, October 19, 11
P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org
1035 Elm St.- After
Wednesday, October 19, 11
P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org
Interior- Before
Wednesday, October 19, 11
P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org
Interior- After
Wednesday, October 19, 11
P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org
Interior- Before
Wednesday, October 19, 11
P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org
Interior- After
Wednesday, October 19, 11
P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org
New Construction
Wednesday, October 19, 11
13%
39%
48%
Households with Children Households without ChildrenSingle person households
U.S. Household Distribution in 1960
Wednesday, October 19, 11
28%
45%
27%
Households with Children Households without ChildrenSingle person households
U.S. Household Distribution in 2030 (projected)
Wednesday, October 19, 11
0
15
30
45
60
Households with Children Households without Children Single Person Households
1960
2000
2030
Suburban Urban Small-lot Urban Loft
Wednesday, October 19, 11
• Demographic changes in the U.S. will require a vast increase in urban housing options
• Between 2010 and 2030, four in five new homes needed to accommodate household growth will be for households without children
• To meet the emerging demand for the new urbanity, roughly 44.5 million new attached and small-lot detached units will need to be built between 2007 and 2020
• Up to 27 million large-lot units may be surplussed by 2020• Most buyers would be willing to accept a home with
smaller square footage for one with a higher level of finish
P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org
Real Estate Changes
NEW URBANITY: THE RISE OF A NEW AMERICA, By ARTHUR C. NELSON, The Annals of The American Academy of Political and Social Science November, 2009626 Annals 192
Wednesday, October 19, 11
Even the National Association of REALTORS says:•“Two-thirds of Americans now see being within easy walking distance of places in their community as an important factor in deciding where to live”•“The coming demographic convergence will push construction inward, accelerating the rehabilitation of cities...”• The property tax revenue from one downtown mixed use building on 3/4 of an acre is equal to about five Walmarts on 145 acres
P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org
REALTORS
Wednesday, October 19, 11
P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org
Incentives for homes
Georgia’s state income tax rate is 6%. A household with $50,000 in income pays about $3,000 in state income tax each year. Historic Macon
Foundation’s houses come with $30,000 in tax credits, meaning buyers with $50,000 in income would not pay taxes for ten years.
8.5 year property tax freeze at pre-rehabilitation value
25%-30% state tax credit ($100,000 max)
Homes in Macon are charged property tax every year. For a $135,000 home, that tax is nearly $2,260 a year ($188/month). Historic Macon homes have
values that are frozen, decreasing your property taxes drastically.
Wednesday, October 19, 11
CASE STUDY
Purchase a home with tax credits in place
Wednesday, October 19, 11
Restored homes from Historic Macon Foundation
include tax credits
This home at 980 Maple St. included frozen property taxes at $200 per year and $30,000 in state income tax
credits.
The net monthly cost to own this $130,000 home is
$500 per month
Homes
Wednesday, October 19, 11
HomesHistoric home
Any other home
House Price $135,000 $135,000
Down Payment $4,725 $4,725
You Get a Raise! $2,700/year $0
Reduced Property Tax $205 $2,260
Total Savings $44,480 $0
Total Monthly Cost $500 $1,160
Wednesday, October 19, 11
Down Payment Assistance
The City of Macon offers down payment assistance up to $25,000 for people of low
to moderate incomes
Mercer University offers $20,000 to all employees for
down payments
Georgia Dream can offer $5,000 to $7,500 to help with
down payment and closing costs
Wednesday, October 19, 11
P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org
Why Preservation?
Wednesday, October 19, 11
Josh Rogers, Executive Directorjrogers@historicmacon.org
phone 478-742-5084 • fax 478-742-2008email info@historicmacon.org • site www.historicmacon.org
Wednesday, October 19, 11
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