Inexpensive housing in Nantucket has lengthy been tough, and an island group identified for preserving architectural heritage is transferring nearer to providing choices. the Nantucket Preservation Belief (NPT) acquired a $ 15,000 Historic Property Redevelopment Program Planning Grant from 1772 Basis to conduct a feasibility research on a revolving fund.
Funds from this grant will enable NPT to rent lead preservation advisor Mary Ruffin Hanbury of Hanbury Preservation Consulting to steer the feasibility research. The research will discover the chances for NPT to create a revolving fund to buy distressed historic properties, restore them and place conservation easements on the properties with the purpose of utilizing these restored historic properties as reasonably priced housing for the working inhabitants of Nantucket 12 months spherical.
In response to Mary Bergman, CEO of NPT, “This dwelling rescue program has lengthy been a purpose of the Nantucket Preservation Belief. The funding we’ve acquired from the 1772 Basis permits NPT to take the following step in making this purpose a actuality. We’re delighted to be working with Mary Ruffin Hanbury, who’s an professional in revolving funds and who has labored with dozens of historic preservation organizations throughout the nation. “
The 1772 Basis, based mostly in Pomfret, Connecticut, performs a number one position in selling historic property redevelopment packages, often known as “revolving funds.” The grant NPT acquired was a part of greater than $ 1.5 million in grants awarded by the 1772 Basis for the primary quarter of 2021, its largest spherical of funding within the basis’s thirty-five 12 months historical past.
Hanbury Preservation Consulting was based in 2008 in Raleigh, North Carolina. The corporate makes a speciality of historic preservation planning, heritage tourism planning and strategic planning for preservation organizations. Principal Mary Ruffin Hanbury has led revolving fund feasibility research for a lot of different historic preservation organizations together with Preservation Texas, Landmark Society of Western New York, Montana Preservation Alliance, Madison-Morgan Conservancy, Historic Columbia and Historic Fort Price.
Nantucket Preservation Belief is a non-profit, membership-based group devoted to the preservation, safety and promotion Distinctive Nantucket’s architectural heritage and sense of place. For extra data, please contact them at 508-228-1387 or go to nantucketpreservation.org.