2017 Grants for Historic Properties Redevelopment Programs (Revolving Funds)

Posted February 11th, 2014 by creekside
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Grants for Historic Properties Redevelopment Programs (Revolving Funds) Announced

The 1772 Foundation has announced that grant funding will be made available for historic properties redevelopment programs (see definition below) throughout the United States.

Applications are due to maryanthony@1772foundation.org on or before December 9, 2016. Applicants will be notified of the Foundation’s decision no later than February 17, 2017.

The Foundation will consider requests for the following:

  • Grants for feasibility studies for established preservation organizations which are considering starting historic properties redevelopment programs
  • Grants to increase the capacity of existing historic properties redevelopment programs

To be eligible to apply, an organization must have a 501c3 IRS designation.

1772ARcoveridea

Announcement

Application

To view an interactive map depicting 1772 grants to historic properties redevelopment programs, click here.

A historic properties redevelopment program (revolving fund) is an active real estate-based program for protecting endangered properties using techniques such as: options, purchase/resale, easements and tax credits. These historic structures ultimately are returned to the private sector with deed restrictions in place. Any proceeds realized from transactions are “recycled” to sustain the proactive preservation efforts of the program. The goal of these programs is community redevelopment using historic preservation as a tool.

To learn more, view The Revolving Fund, a documentary produced by students of the Savannah College of Art and Design (SCAD) with the support of The 1772 Foundation and the National Trust for Historic Preservation. The film describes the impact of revolving funds in the fields of historic preservation and neighborhood economic development. It presents persuasive arguments for the creation of revolving funds by historic preservation organizations considering properties work. SCAD has uploaded the film to its YouTube channel for public viewing.

The Historic Properties Redevelopment Program of the National Trust for Historic Preservation (NTHP) provides additional information on preservation revolving funds and other practices that promote historic property redevelopment work. An interactive HPRP Redevelopment Map shows those working in the field throughout the United States.