[MassHistPres] Preservation Trusts

[Dennis De Witt]

Brian

This is not quite what you have in mind but might be of some use in terms of administrative mechanics.  Brookline has a housing rehab fund for means tested situations that was originally funded (I think) through CDBG.  I believe the investment may become a 2nd mortgage that then is repaid into the fund for reuse.  When used on NR properties there has been Preservation Commission review -- altho not any NR cases in some time that I'm aware of.

Dennis De Witt

  
On Aug 4, 2011, at 4:36 PM, Blever3043 wrote:

> In Newton some of the members of the Historical Commission have become interested in the possibility of creating a preservation trust fund.  This fund could be used to lend funds to property owners to complete restoration work, fund City preservation projects ect.  I am looking for examples from other communities who have such programs and have some questions:
> 
> Does the municipal Historical Commission operate the fund or is it through a non-profit?
> 
> How was it created?
> 
> And how was it funded, grants, donations, ect.?
> 
> I know these exist in a few communities and am hoping to obtain some basic information about them.
> 
> Thanks,
> 
> Brian Lever
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