Grant Opportunities for Historic Properties Redevelopment Programs

Application Period Now Open - The deadline for LOIs is October 11, 2024

The 1772 Foundation, in cooperation with the National Preservation Partners Network, announces the availability of grant funding for historic properties redevelopment programs (HPRPs). Also known as revolving funds, HPRPs are enterprising programs that use traditional real estate tools (options, purchase/resale, easements, tax credits, etc.) to protect endangered properties. To be eligible to apply for a grant, an organization must have a 501(c)(3) IRS designation. Most grants are in the $50,000 to $75,000 range. The grant maximum is $250,000.

The 1772 Foundation plays a leading role in promoting HPRPs nationwide. In 2006, 1772 made its initial grants for revolving funds and has been investing and expanding resources ever since. The programs are attractive since they can be customized and scaled for specific community needs and opportunities. Past grantees have been able to leverage grant funds to draw additional philanthropic dollars and attract traditional bank financing. Ultimately, historic preservation is all about real estate so it’s vital that preservation organizations use the same tools as professional developers.

Ethiel Garlington, the executive director of The 1772 Foundation says, “When preservation organizations are able to bring resources and technical expertise to the table they are able to make real progress and save more places. Furthermore, when organizations are entrepreneurial and successful they are empowered to grow and the work is exponential. ” Programs that include climate adaptation for historic buildings such as energy audits, efficiency upgrades, and alternative energy sources may be eligible for HPRP funding.

Established historic preservation organizations considering starting HPRPs may apply for funding for feasibility studies to determine if they and their communities are well positioned for HPRPs or how their programs should be designed.

More information about HPRP programs can be found at this NPPN Resource Guide.

Information on the application process may be found at www.1772foundation.org/grants.