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The Historic Preservation Loan Program
 The Historic Preservation Loan Program provides loans to nonprofit organizations, local jurisdictions, business entities, and individuals to assist in the protection of historic property. Loan funds can be used to acquire, rehabilitate, or restore historic property listed on, or eligible for, the National Register of Historic Places. They may also be used for short-term financing of studies, surveys, plans and specifications, and architectural, engineering, or other special services directly related to pre-construction work required or recommended by the Trust or the State Historic Preservation Officer on projects being funded with federal or state monies. The average loan has been in the amount of $100,000, with loans as large as $300,000 having been settled. The low interest loans are available on a first-come, first-served basis throughout the year. Successful applicants must convey a perpetual historic preservation easement to the Trust. For more information, contact Richard Brand, Office of Preservation Services, at (410) 514-7634.
SPECIAL LOAN OPPORTUNITY FOR
LOCALLY DESIGNATED HISTORIC PROPERTIES
The Maryland Historical Trust is now offering low-interest rehabilitation loans to owners of historic properties that are individually designated or located within the boundaries of historic districts that have been designated by local governments. For these properties, the EASEMENT requirement WILL NOT* apply; however, loans may only be used for exterior rehabilitation work.
These loans may also be used for the rehabilitation of properties that are also seeking Maryland Heritage Rehabilitation Tax Credits.
For further information, please contact Richard Brand, Administrator, Financial Assistance and Easements, at 410-514-7634.
* In most cases for most properties.
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Last updated: September 15, 2005
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