Historic Preservation Revolving Loan Fund

Applicant Eligibility
The property must be at least 50 years old and located in the following Historic Preservation Districts, designated as a City Landmark, or individual historic property:
  • Jackson Park
  • Cathedral
  • W. 11th Street
  • Langworthy
  • Old Main 
Loan Amount / Terms
  • Up to $25,000
  • 3% interest rate
  • 10 years
Monthly principal and interest payments begin after project completion, but not longer than six months after loan closing. Limit one loan outstanding per building.

Work must be initiated within three months and completed within six months from date of Historic Preservation Commission approval. The Commission may grant additional time, if needed.
Preferably at least a second mortgage position and promissory note, or an amount not to exceed 100% of loan-to-value. The property value will be based on the assessed value, or on the appraised value after improvements if the assessed value is not a good indicator.

View Historic Preservation Revolving Loan Fund Brochure.