Friday, October 16, 2009

News from Nashville - Preservation Revolving Funds

This morning's first session included presentations by representatives from four "revolving funds" - not-for-profit historic preservation organizations that are created and capitalized to protect endangered historic properties by acquiring, financing and/or rehabilitating them. Some revolving funds also provide technical and development services. In our session, we heard from two state-wide funds - Preservation North Carolina ( and Georgia Trust ( - and two city-wide funds - Providence Revolving Fund ( and Historic Boston Inc. (

The city-specific Providence and Boston models serve as excellent examples of what a city like Buffalo might establish to protect its endangered historic assets. Perhaps the newly reconfigured Preservation Buffalo Niagara (through its development arm) should consider establishing a revolving fund. Add a preservation easement program and you could have a very effective tandem . . .

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