Rep. Brennan Applauds $1.1M in Historic Preservation Tax Credits for District 14 Projects
COLUMBUS – State Rep. Sean Patrick Brennan (Parma) today celebrated the announcement that two historic buildings in Cleveland’s Old Brooklyn neighborhood—located in House District 14—will receive more than $1.1 million in state tax credits through the Ohio Historic Preservation Tax Credit Program. These awards are part of a larger $66.1 million initiative announced by Governor Mike DeWine to support the revitalization of 47 historic buildings across Ohio.
“These investments are not only about preserving our architectural and cultural heritage—they’re about creating vibrant, livable communities,” said Rep. Brennan. “Old Brooklyn is one of our region’s hidden gems, and this support will help breathe new life into these iconic structures, bringing housing opportunities and economic revitalization to Pearl Road and beyond.”
The two local projects receiving funding are:
- Broadview Savings & Loan Co. Building (4221 Pearl Rd.)
- Total Project Cost: $5,022,764
- Tax Credit Award: $916,000
- Scope: Conversion into 22 residential units while preserving remaining historic features, including two original bank vaults.
- South Brooklyn Savings & Loan Co. Building (4209 Pearl Rd.)
- Total Project Cost: $1,368,938
- Tax Credit Award: $250,000
- Scope: Restoration of the historic façade and conversion into eight residential units.
The Ohio Historic Preservation Tax Credit Program, administered in partnership with the Ohio History Connection’s State Historic Preservation Office, incentivizes private investment in the rehabilitation of historically significant buildings. The 2025 round of funding is expected to generate approximately $518 million in private investment statewide.
“Historic preservation isn’t about nostalgia—it’s smart development,” added Rep. Brennan. “These are the kinds of projects that honor our past while building a better future for Cleveland families.”