What is the Revolving Fund for Endangered Properties Program?
The Georgia Trust for Historic Preservation established its Revolving Fund for Endangered Properties program in 1990 to provide effective alternatives to the demolition or neglect of architecturally and historically significant properties by promoting their rehabilitation and monitoring their preservation in perpetuity. The Revolving Fund accomplishes this goal by either accepting property donations or by purchasing options on endangered historic properties. The properties are then marketed nationally to locate buyers who agree to preserve and maintain the structures. Protective covenants, in the form of a preservation easement, are attached to the deeds to ensure that the historic integrity of each property is retained. Purchasers are required to sign rehabilitation agreements based on the work to be performed on the structure.
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 does Preservation Virginias Revolving Fund Program acquire properties?
- What is the Revolving Fund for Endangered Properties Program?
