Fiscal Services

Preservation Texas offers essential fiscal services to support the financial management of preservation projects. These services are designed to help organizations, property owners, and communities navigate the financial and regulatory aspects of historic preservation, ensuring that projects are well-funded, compliant with tax incentives, and set up for long-term success.

FISCAL SPONSORSHIP – Providing financial and administrative support for preservation projects, including managing funds, overseeing grants, and ensuring compliance with applicable regulations.

• Fiscal sponsorship enables organizations without 501(c)(3) status to access funding, manage finances effectively, and stay compliant with legal requirements, helping preservation efforts move forward smoothly.

Preservation Texas supports the Palacios Preservation Association as a Fiscal Sponsor in applying for grants and stewarding funds for the preservation of the Luther Hotel in Palacios.

HISTORIC TAX CREDIT APPLICATION – Assisting in applying for federal and state historic rehabilitation tax credits to incentivize the preservation of historic properties.

• Historic tax credits are a powerful tool for offsetting rehabilitation costs, making preservation projects financially feasible while ensuring that changes meet the highest standards of historic preservation.