[Preservation] APVA Announces Grant Funding from The 1772 Foundation

[Sarah Cooleen]

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Virginia

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APVA Preservation Virginia Preservation Bulletin 


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 (L.-r.) S. Cooleen, APVA Revolving Fund Mgr.; S. Geary, 1772 Foundation
Pres.; E. Kostelny, APVA Ex. Dir.; and M. Anthony, 1772 Foundation Ex. Dir.
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Historic Properties Revolving Funds Program Receives $50,000 Grant To Expand
Its Scope 


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Richmond, VA - APVA Preservation Virginia is pleased to announce the receipt
of a $50,000 grant from The 1772 Foundation, Inc., to establish a second
Revolving Fund within APVA Preservation Virginia's Endangered Historic
Properties Revolving Funds program. 

The APVA's first Historic Properties Revolving Fund was established in 1999
when the Commonwealth of Virginia transferred its Revolving Fund to the
APVA. This State-endowed Revolving Fund, established in 1989 by the Virginia
General Assembly, is valued at approximately $1.5 million in cash,
investments, and properties. 

Through the Revolving Funds program, the APVA helps protect and preserve
publicly significant historic properties across Virginia by using options to
purchase, directly acquire, or accept deeds of gifts to obtain threatened or
endangered properties. The APVA sells the rescued properties to sympathetic
owners who undertake the needed restoration. Proceeds from sales are
returned to the Revolving Funds and reused to buy more historic properties. 

The State-endowed Revolving Fund has certain requirements that properties
must meet. In order to qualify, the property must be listed on the Virginia
Landmarks Register or National Register of Historic Places as an individual
property, a contributing structure in a historic district, or at least
eligible for listing on the Registers. All properties acquired by the
State-endowed Revolving Fund are placed under protective easement with the
Virginia Department of Historic Resources. Purchasers of a Revolving Funds
property sign a rehabilitation agreement ensuring the timely restoration of
the structure. 

APVA Preservation Virginia has established the second Historic Properties
Revolving Fund in order to complement and augment the State-endowed
Revolving Fund. This second fund will serve as a stopgap measure to save
endangered historic properties that are architecturally and historically
significant but do not meet the guidelines for acquisition by the first
fund. Grant funding from The 1772 Foundation will allow two distinct yet
corresponding revolving funds to operate side-by-side under the umbrella of
APVA's Revolving Funds program, ensuring far greater impact in meeting its
mission throughout Virginia. 

To date, the Revolving Funds program has helped save more than sixty
endangered properties across Virginia and has proven to be a practical model
and an integral part of APVA Preservation Virginia's successful historic
preservation program. 

About APVA Preservation Virginia.
APVA Preservation Virginia was the nation's first statewide preservation
organization and is among the most revered. Founded in 1889, its mission is
to preserve and promote the State's irreplaceable historic structures,
landscapes, collections, communities, and archeology for the educational,
cultural, and economical benefit of the public. APVA Preservation Virginia
serves more than 650,000 people a year and is the leader in helping
individuals and groups preserve their communities statewide. It has
demonstrated countless partnerships with various entities: academic,
cultural, civic, governmental, community groups, and individual historic
homeowners. The organization owns and operates 31 historic sites of its own
across the State, including Historic Jamestowne. 

To learn more about the APVA's Historic Properties Revolving Funds Programs
click below, contact Sarah Cooleen, Revolving Fund Manager, at
scooleen at apva.org, or telephone 804-648-1889, ext. 720.

Please forward this announcement to anyone you think might be interested. 


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Virginia Revolving Fund Webpage 


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APVA Preservation Virginia | 804.648.1889 |
<http://apva.c.topica.com/maafmkYabuJh1aaaaaaeaeQCOp/> www.apva.org 





 

 	 

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