What is the process for acquiring historic rehabilitation tax credits?

Since the inception of the Federal rehabilitation tax credit program in 1977 and the Virginia tax credit program in 1997, over 3,500 deteriorated historically significant buildings in Virginia have been rehabilitated and returned to productive use, representing a private investment of over $5.7 billion.

Both the federal and state tax credit programs are administered in Virginia through the Department of Historic Resources. State tax credits are available for owner-occupied, as well as income- producing historic buildings. If your property is income-producing, you may also be eligible for federal tax credits.  See http://www.dhr.virginia.gov/tax_credits/tax_credit.htm and http://www.nps.gov/tps/tax-incentives.htm for more information.