Preservation & Real Estate

Preservation & Real Estate

Real estate defines a finite resource—land—that supports an infinite of set of activities and responsibilities, but it also describes where we live: our cities and town, our homes, our schools, our churches, and our favorite nearby coffee shops. This human aspect gives preservationists and historic property redevelopers a competitive advantage that reaches beyond the paper transaction and enables us inform the process that determines not only where we live but also how we live.

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The Historic Properties Redevelopment Program is a program of the National Trust for Historic Preservation to build a community and an interactive information network of preservationists, community developers, and other practitioners committed to saving historic places and revitalizing communities.

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ReUrbanism

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The National Trust’s work in cities to make adaptive reuse the default development option is called ReUrbanism.

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Tool: Atlas of ReUrbanism

HPRP: Put Yourself on the Map

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Put yourself on the map using this tool from the HIstoric Properties Redevelopment Program

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What are Preservation Revolving Funds? 

Preservation revolving funds are traditionally used by preservation organizations to save and rehabilitate historic properties. Such a fund is initially seeded with assets in the form of capital or property and can then take the form of an acquisition or loan. The key is to replenish the fund with monies from the sale of properties or repayment of loans in order to continue acquiring more endangered historic properties. Strategically deployed, a revolving fund can catalyze the revitalization of a neighborhood or district.

Today preservation organizations are collaborative partners with local planning and redevelopment stakeholders. A revolving fund can both save vacant or abandoned historic properties and significantly impact the quality of life for community residents. Similar to for-profit development, investment from revolving funds revitalizes and creates affordable housing, workforce housing, sustainable housing, business and commercial districts, and arts districts—and reduces displacement in historic neighborhoods. Preservation remains at the forefront of these redevelopment efforts through the adaptive reuse of historically significant properties.

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