The
Georgia Trust for Historic Preservation
established the Revolving Fund for Endangered Properties
Program in 1990 to
provide effective alternatives to demolition
or neglect of architecturally and
historically significant properties by
promoting their rehabilitation and enabling
owners of endangered historic properties to
connect with buyers who will rehabilitate
their properties.
The
Endangered Properties Program accomplishes this goal by either
accepting property donations or by
purchasing options on endangered historic
properties. The properties are then marketed
nationally to locate buyers who agree to
preserve and maintain the structures.
Protective
covenants are attached to the deeds to
ensure that the historic integrity of each
property is retained, and purchasers are
required to sign
rehabilitation agreements based on the
work to be performed on the structure.
