[MassHistPres] CPA Historic Property Programs

[Dennis De Witt]

Brookline has a revolving fund, also originally funded with CDBG money, that allow income qualified owners to purchase condos on a limited equity basis.  Upon sale all excess capital gain realized in excess of some benchmark goes back into the fund.

Dennis De Witt
Brookline

> On Jul 20, 2020, at 4:51 PM, jworden at swwalaw.com wrote:
> 
> Arlington has a fund, established ~ 35 years ago, that makes ;low interest loans to historic properties in and outside our 7 LHDs.
> 
> Arlington Preservation Fund Inc. is a semi-private non profit apptd by the Selectmen and consists of representatives of various historical organizations and commissions and others.  Our loans can run up to 10 years, with 50% of prime rate as our interest rate.  Originally funded with CDBG money, but I would think it would quality for CPA funds.
> 
> John Worden
> 
> Arlington HDC, founding president APF
> 
> ------- Original Message -------
> From : Sarah White[mailto:swhite at somervillema.gov]
> Sent : 7/19/2020 3:40:36 PM
> To : slater at alum.rpi.edu; masshistpres at cs.umb.edu; hcooke4 at verizon.net
> Cc : 
> Subject : RE: Re: [MassHistPres] CPA Historic Property Programs
> 
> Ralph (et al.) - 
> 
> Somerville has a fund. I'd be happy to speak with you directly via phone. I can give you the details of the parameters of the application we submitted, who controls the fund, and the details that we are working out for LHD property owners to apply.
> 
> I am not in the office as all of Somerville Planning continues to work remotely so a direct email to me is the best way to set up a call.
> 
> Stay well.
> 
> Sarah M. White, MDS-HP
> Zoning Planner & Preservation Planner
> Ward 5 Zoning Case Review Planner
> Historic Preservation Case Review & Regulatory Planning
> Historic Preservation Commission (HPC) Liaison
> Mayor’s Office of Strategic Planning & Community Development
> 93 Highland Avenue
> Somerville, MA 02143
> 617.625.6600 x2534
> swhite at somervillema.gov <mailto:swhite at somervillema.gov>
> PLANNING OFFICE HOURS:
> M-W  8:30AM – 4:30PM
> Th  8:30am – 7:30pm
> F  8:30am – 12:30pm
> From: MassHistPres <masshistpres-bounces at cs.umb.edu> on behalf of Henry Cooke <hcooke4 at verizon.net>
> Sent: Saturday, July 18, 2020 8:18 PM
> To: slater at alum.rpi.edu <slater at alum.rpi.edu>; masshistpres at cs.umb.edu <masshistpres at cs.umb.edu>
> Subject: Re: [MassHistPres] CPA Historic Property Programs
>  
> Ralph
> 
> The Randolph Historic District Study Committee came up with a proposal as part of our proposed local historic district ordinance which would have provided small low interest loans to property owners or businesses within the proposed historic district for the purposes of properly maintaining the exterior of their homes conformity with the rules of the district. If the owners remained on the property for a certain number of  years the loan became a grant. While this proposed grant program was not adopted as part of the historic district ordinance, we hope that we can get it added as an amendment once the current covid crisis is over.
> 
> I would be happy to send the draft of what we proposed if it would be of help to you.
> 
> Henry Cooke, Chairman
> Historical Commission
> Town of Randolph
> 
> 
> -----Original Message-----
> From: Ralph Slate <slater at alum.rpi.edu>
> To: masshistpres at cs.umb.edu <masshistpres at cs.umb.edu>
> Sent: Sat, Jul 18, 2020 12:03 am
> Subject: [MassHistPres] CPA Historic Property Programs
> 
> Does anyone know of a community in Massachusetts other than Cambridge which has a program to provide small grants or loans to private owners of historic properties for either restoration or renovations, funded by CPA money? I'm focused on a program administered by a city or town, as opposed to occasional requests from private property owners for CPA funding.
> 
> Cambridge has a program which is run by the Cambridge Historical Commission:
> 
> https://www.communitypreservation.org/cambridge-grants <https://www.communitypreservation.org/cambridge-grants>
> 
> It is limited to funding income-eligible homeowners and non-profits - though there is nothing in the CPA law that couples income eligibility with historic projects or non-profit status, that is simply what Cambridge chose to do.
> 
> Thanks,
> 
> Ralph Slate
> Springfield, MA
> 
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