National Register District
UPDATE DECMEBER 2018
The National Register District nomination is now officially on the docket for January's Texas Historical Commission state review in Laredo. The 108 page document is on this web page. The nomination contains the Historical Resources Survey, conducted in Yoakum in 2017, and the reasons why downtown Yoakum is significant. After review by the state board the nomination will be forwarded to the US Park Service for final approval. Owners of contributing buildings downtown are encouraged to start their tax-credit applications now.
UPDATE JANUARY 2018
The Downtown Vision Survey conducted in November-December 2017 revealed keen local interest in the revitalization of downtown. Dozens of citizens have volunteered to help. An exciting time lies ahead!
View the results of the Downtown Vision Survey.
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.