Midway School, Woodford County

The Heritage Council manages one of the most successful tax credit programs in the United States.  In fact, the Council ranks third in the country for the number of historic properties rehabilitated using this incentive.  In 1998, the Council reviewed 72 projects in 23 counties for a total investment of over $33 million.  David Morgan, Director of the Heritage Council, says of the program, “We are pleased with the results of the Federal Historic Rehabilitation Tax Credit Program in Kentucky.  This program has stimulated private restoration investments in all areas of the state.  We have seen major improvements in downtown areas that would have otherwise been demolished.  Revitalized structures have now become fully functioning businesses, and all are income-producing properties.”