The City of Peekskill’s downtown was placed on the National Register of Historic Places in May 2005. The defined area covers over 150 buildings. It joins with 12 other sites or neighborhoods within the city that are also included on the register.

The Federal Historic Preservation Tax Incentives program encourages private sector rehabilitation of historic buildings and is one of the nation’s most successful and cost-effective community revitalization programs. It has been used as a stand alone resource for the rehabilitation of commercial structures. Additionally, once you qualify for the Federal Tax Credit, you will automatically eligible to receive a 6% NY State Historic Tax Credit.

Any property owner within the city's National Register Historic District planning to rehabilitate thier building may be eligible for these federal and state income tax credits.