MHPN Intervention Loan Program

http://cedam.info/2014/07/mhpn-intervention-loan-program/

This is a guest post written by Nancy Finegood with the MHPN

bannerLogo1The Michigan Historic Preservation Network (MHPN) announces the launch of its Intervention Loan Program.  A part of the overall MHPN Preservation Fund, the Intervention Loan Program provides small loans of up to $15,000 for repairs to historic buildings located in Michigan.  Eligible applicants include non‐profit organizations, municipalities, Downtown Development Authorities (DDA), landbanks and religious organizations who are the owners or operators of a historic property. Loan proceeds can be used to pay for emergency repairs or rehabilitation of major buildings, such as roofing, windows, structural repairs and HVAC systems. The loan can also be used for stabilization or mothballing of the building, if it is part of an overall rehabilitation plan.

Selection criteria for the award of an Intervention Loan include items such as: historic significance, long term viability, repayment capacity and project location.  Funds are limited and MHPN is currently accepting applications.  Loan approvals will be made on an ongoing, rolling basis.

Michigan has nearly 1,800 historic properties, buildings, structures and districts listed on the National Register of Historic Places. There are thousands of additional historic buildings in the State that are not listed, and many—registered or not—are in need of significant repair and rehabilitation. Preserving historic homes, buildings and places provides significant economic, community, and environmental benefits.

The MHPN is the only statewide, nonprofit organization dedicated to recognizing and preserving Michigan’s rich cultural and architectural heritage. Its mission is to advocate for Michigan’s historic places to contribute to our economic vitality, sense of place and connection to the past.

For more information about the Intervention Loan Program or to receive an application, please contact MHPN at 517.371.8080 or email at info@mhpn.org.

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