Are there requirements for property acquired by the Revolving Fund Program?
Yes. The Program has certain requirements that must be met. In order to qualify, the property must be eligible for one of the following: • Individually listed in the National Register of Historic Places. • Located within a registered historic district and certified as a contributing structure. • Individually listed on the Virginia Landmarks Register. • Deemed eligible for listing on the Virginia Landmarks Register or the National Register of Historic Places by the Virginia Department of Historic Resources. Also, before a property, acquired by the Revolving Fund Program, is sold the following protections are put on the properties: • Protective easements are placed on the property which are written and held by the Virginia Department of Historic Resources. • The buyer of the property signs a rehabilitation agreement with the Virginia Department of Historic Resources.
Related Questions
- When reporting MBE/WBE utilization under the EPA State Revolving Fund Program, is it acceptable to claim MBE and WBE participation generated from sources beyond the EPA capitalization amount(s) of the EPA grant?
- How do I find out about property for sale though Preservation Virginias Revolving Fund Program?
- What is the difference between the State Revolving Fund (SRF) and the Georgia Fund program?
