Funding Historic Restorations
199 95th Street, Bay Ridge, BrooklynThis Greek Revival house, a treasure of Bay Ridge, has been transformed.
98 South Oxford Street, Fort Greene, BrooklynBefore the work, the home had a dreary facade, but after, it features lovely details.
One Pendleton Place, New Brighton, Staten IslandA major loan from our Historic Properties Fund helped restore the exterior of One Pendleton Place in New Brighton, Staten Island.
2475 Richmond Road, Staten IslandWith a low-interest loan and grant from the Historic Properties Fund the owners were able to restore the cupola of their Landmark Staten Island home.
Old St. James Parish Hall, Elmhurst, QueensOur Historic Properties Fund helped restore Old St. James Parish Hall in Elmhust, Queens.
The Historic Properties Fund offers low-interest loans and project management assistance to owners of historic residential, non-profit, religious, and commercial properties throughout the City – mostly in low- to moderate-income communities. Since 1982, the Historic Properties Fund has assisted over 200 buildings. It is one of the largest, private revolving loan funds in the country used exclusively for historic preservation.
The Conservancy’s professional staff and consulting architects work with every loan recipient to manage the complex process of restoring an older building.
Loans generally apply to exterior work or structural repairs and range from $20,000 to $300,000. Interest rates are generally low and terms usually range from five to ten years. The Conservancy makes a special effort to keep closing costs as low as possible.
Loans are only considered to owners of individually designated landmarks, properties in historic districts, or buildings listed or eligible for listing in the State or National Register of Historic Places. The building must be in the five boroughs of New York City. The Conservancy can help you determine the landmark status of your building. If the building is eligible, the applicant must also show financial capability. Loans must be secured through a first or second mortgage or other acceptable collateral.
To find out if your property is in an individually designated City Landmark or is within a New York City Historic District, look it up on the NYCityMap site.
Instructions: The NYCityMap will open in a new window. You can search for a location by address. Once a location is identified, click on the “Show Additional Data on Map” tab at the bottom of the right column. Then scroll down to find the “Landmarks” section with four types of landmarks that you can select.
The first step in applying for a loan is to complete the Property Profile (A .pdf file on the top right of this page, under the photo). The staff will review the proposed project and possibly conduct a site visit. If the Fund staff determine the project is eligible for funding, they will work with you to develop a formal loan application. Application review, credit checks, and financial analyses are necessary before presenting the loan request to the Fund’s Board of Directors for approval.
Recent Projects & News
New York Studio School
Prospect Cemetery Revitalization Initiative
Historic Properties Fund Closes Fouth Loan with St. Sava
Historic Properties Fund Celebrating 30 Year Anniversary
Historic Properties Fund Highlights of 2010
2009 HPF Projects in Brooklyn Heights
66 Greene Avenue, Fort Greene, Brooklyn
90 Park Place, Park Slope, Brooklyn
1251 Dean Street, Crown Heights North HD, Brooklyn
37 South Elliott Place, Fort Greene, Brooklyn
9 Clifton Place, Clinton Hill, Brooklyn
64 Havemeyer Street, Williamsburg, Brooklyn
Poppenhusen Institute, 114-04 14th Road, College Point, Queens
35-26 79th Street, Jackson Heights HD, Queens
199 95th Street, Bay Ridge, Brooklyn
98 South Oxford Street, Fort Greene, Brooklyn
Kehila Kedosha Janina, 280 Broome Street, Lower East Side, Manhattan
One Pendleton Place, New Brighton, Staten Island
2475 Richmond Road, Staten Island
175 Belden Street, City Island, Bronx
Old St. James Parish Hall, Elmhurst, Queens
806 Richmond Terrace, New Brighton, Staten Island