Confusion frequently surrounds the application of the various economic and/or finance related provisions found in historic preservation laws. Michigan and federal jurisprudence contain three distinctly different types of regulatory provisions addressing the economic and/or financial aspects of historic preservation projects: economic feasibility, economic hardship, and financial hardship. The essay below, by Dragomir Cosanici and Nicholas L. Bozen, Office of Regulatory Affairs, Department of History, Arts and Libraries, clarifies this relationship between economics and historic preservation.

"Economic Hardship, Feasibility and Related Standards in Historic Preservation Law" [DOC] [PDF]

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State Historic Preservation Office, Michigan State Housing Development Authority
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