Historic Tax Credit

Developers interested in renovating historically significant buildings in such a way that preserves their original façade and design may be eligible for tax credits of up to 25% of qualified expenditures through the Virginia Department of Historic Resources and up to 20% of qualified expenditures through the National Park Service.

Historic tax credits have been one of the most successful components of revitalizing downtowns and restoring landmark buildings. However, the program requires strict compliance with historical design. We strongly suggest that interested parties contact the Virginia Department of Historic Resources and the Waynesboro Office of Economic Development prior to beginning the redevelopment process.

Fairfax Hall

Built in 1890 as the Brandon Hotel, Fairfax Hall now offers affordable housing for independent seniors and a large banquette hall for a variety of entertainment and community events. The restoration was financed in large part with historic tax credits.