About the Revolving Fund Program's History and Mission
The Commonwealth of Virginia's Historic Preservation Trust Fund was created in 1989 by the Virginia General Assembly. In 1999 the fund was transferred to Preservation Virginia and became the Revolving Fund Program.
The Revolving Fund Program is the only program in Virginia dedicated to saving endangered historic property state-wide.
The Revolving Fund Program's goal is to save endangered historic properties across Virginia from demolition and severe neglect.
How Does the Revolving Fund Program Work?
The Revolving Fund Program works in the following way:
The Revolving Fund Program's Record of Achievement
Since 1989, the Revolving Fund Program has achieved the following:
Why is the Revolving Fund Program Needed?
Virginia is home to much of the oldest and finest architecture in America and as each historic property vanishes we lose an important part of our heritage. Virginia's historic properties are rapidly disappearing for a variety of reasons, including the following:
How You Can Help the Revolving Fund Program?
The Revolving Fund Program needs your support with gifts of property and donations. The cycle of acquisition and re-sale keeps the Revolving Fund Program, in theory, in play in perpetuity. However, sometimes some endangered historic properties are harder to sell than others and stabilizing, insuring and maintaining them takes money out of the fund. As a result the fund slowly depletes over time. The Revolving Fund Program combats the decline in funds by accepting donations of property. Selling donated property puts money back into the fund and keeps it ready for the next acquisition. The Revolving Fund Program also actively seeks donations from individuals and foundations to support the management of the Program and to fill the coffers for purchasing threatened property.
How Can I Donate a Property or Alert the Revolving Fund Program about an Endangered Property?
For information on donating property or to talk to staff about an endangered property contact:
The Revolving Fund Program Manager
204 West Franklin Street
Richmond, VA 23220
804-648-1889 ext. 320
How Can I See Revolving Fund Program Properties for Sale?
To view Revolving Fund Properties for sale click here.