The 1772 Foundation has announced that grant funding will be made available for historic properties redevelopment programs (see definition below) throughout the United States.
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
Definition: 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 be eligible to apply, an organization must have a 501(c)(3) IRS designation.
Applications are due on or before December 9, 2016.
Applicants will be notified of the Foundation’s decision no later than February 17, 2017.