Funding Historic Restorations in Queens
The Queens Historic Properties Fund offers low-interest loans and project management assistance to owners of historic residential, non-profit, religious, and commercial buildings in Queens. The Queens Historic Properties Fund is a partnership between the New York Landmarks Conservancy and the Queens Historical Society. The Conservancy manages the operations of the Fund.
The Queens Historic Properties Fund was established in 1987 as part of the settlement agreement from a City lawsuit over a private developer’s demolition of the historic Tisdale house in Queens. The agreement called for the developer to capitalize a revolving loan fund for the restoration and maintenance needs of historic buildings in Queens.
- Loans generally apply to exterior work or structural repairs and range from $10,000 to $50,000. Interest rates are generally below market, and terms usually range from five to ten years.
- Loans are only available to owners of individually designated landmarks, properties in historic districts, buildings listed or eligible for listing in the State or National Register of Historic Places, or buildings considered contributing to an historic district. The building must also be in the borough of Queens.
- Loans must be secured by a Promisory Note and/or other collateral.
Conservancy staff will review the proposed project and possibly conduct a site visit. If the staff determine the project is eligible for funding, they will work with you to develop a formal loan application. Applications are reviewed and loans are authorized by a Loan Review Panel.