Xenia home wins $87K in historic tax credits
Nesbitt House will be redeveloped into four rental apartments.
A historic home in Xenia is slated to receive historic tax credits for rehabilitation and new use.
The Nesbitt House in Xenia will receive tax credits of $87,822 in what Ohio government says will be a $416,327 redevelopment project. The home, first built in the 19th century, is found at 136 W. Second St.
Located near downtown Xenia, the 10,270-square-foot Nesbitt House will be rehabilitated into four apartments, the Ohio Development Services Agency said Tuesday.
Built around 1890 as a sin- gle-family home, the home was later divided into apartments. Influenced by Queen Anne and Eastlake house styles, its rehabilitation fits well into Xenia’s city plan to encourage redevelopment of housing in the historic core, the agency said.
The goal is to provide market-rate rental housing, owner John Zeller said in an application for the tax credits.
“The property is located a block away from the crossroads of five major bicycle trails that are ridden by 150,000 people annually, and within walking distance of Greene County’s court and administrative offices, the city of Xenia’s administrative offices, restaurants, shops, and cultural amenities of the historic downtown,” the application said.
“It is anticipated that this project will meet the demand for those who are actively seeking good, safe, quality housing in unique walkable places like the historic residential neighborhoods adjacent to downtown Xenia,” the applicant added.
In all, the Ohio Development Services Agency on Tuesday announced awards of nearly $28.4 million in Ohio Historic Preservation Tax Credits to rehabilitate 22 historic buildings in 11 communities.
The Dayton Arcade in dow ntown Dayt on was among the projects to win credits.
The projects are expected to lead to nearly $165.4 mil- lion in private investment, state government said. The awards include projects in three communities— Amherst, ClevelandHeights and Mansfield — that are receiving an “Ohio historic preservation tax credit” for the first time.