National Register District
UPDATE DECEMBER 2017
An important step towards downtown revitalization is to establish a National Register District. The EDC hired the services of a consultant who, along with a college intern, conducted a historical resources survey of about 120 buildings. The survey is now complete and the city's application is being reviewed by the Texas Historical Commission. The city of Yoakum, Yoakum EDC and the Yoakum Preservation Society are funding this project.
Once the district is approved by the National Park Service there will be inherent benefits for building owners. Contributing buildings in the district will be eligible for 20% Federal tax credits and 25% Texas state historic tax credits (HTC), thus reducing renovation costs by up to 45%. The HTC incentives can often make the difference between a "go" and "no-go" project.
Apartments anyone? With over 80,000 square feet of unused second floor space, the near-term potential is to rehabilitate downtown buildings for upper story apartments. With as many as 100 apartments the demand for retail businesses will be organically fueled. Interested developers should contact the EDC.
A downtown vision survey conducted in November-December 2017 revealed keen local interest. Dozens of citizens have volunteered to help in the revitalization of the Yoakum's historic downtown. An exciting time lies ahead!