Conferences, Training, and More
At its quarterly meeting in New York City on February 5th, the Trustees of The 1772 Foundation, Inc. agreed to provide financial support for two national conferences. First on the calendar is Main Street Now, a conference of the National Main Street Center, which will be held in Milwaukee, WI, May 23-25. The trustees’ growing interest in integrated historic redevelopment as a component of economic revitalization dovetails with much of this conference’s programming. Foundation representatives will attend the conference and, while there, announce the provision of funding for a pilot of the Main Street Façade Improvement Program. This program will provide micro loans to property owners in selected Main Street communities in order to support highly visible façade improvements of older and historic buildings and thus catalyze further investment in historic downtowns and commercial districts across the country.
Later in the year, the Foundation will sponsor, as it has for many years, a convening of historic property redevelopment program directors and their staffs at the National Trust for Historic Preservation’s annual preservation conference, PastForward, which will take place in Houston, TX, November 15-18.
The trustees also decided to continue their financial support ($100,000) and oversight of the two-part historic real estate finance course offered by the National Development Council and the National Trust for Historic Preservation (NTHP). Coursework covers underwriting, appraisals, cash flow, depreciation, passive income/loss, syndication and tax credits, and deal structuring. The course is offered at various locations around the country. Scholarship funding for up to 20 preservation professionals to attend the training is part of this grant.
Lastly, a grant was made to fund the position of Manager, Historic Properties Redevelopment Program at the NTHP for a third year.