The mission of the Raleigh Historic Development Commission is to identify, preserve, protect, and promote Raleigh’s historic resources.
The city’s Preservation Revolving Loan Fund was established by the City Council in response to recommendations of the Historic Preservation Element of the 1989 Comprehensive Plan. It was capitalized at a rate of $50,000 per year from FY 92/93 through FY 96/97 for a fund asset total of $250,000.
The fund is designed to work as a revolving fund. Monies are lent to assist in providing gap financing for historic preservation projects; loan repayment reimburses the fund and makes those dollars available for future projects. Any non-profit charitable organization with historic preservation among its objects and purposes is eligible to apply through the RHDC to City Council for funding. All requests to be considered on a case-by-case basis. The fund acts as a reserve, and is available to respond to opportunities and threats to Raleigh historic properties when they arise. It provides a more predictable and responsible way for the city to anticipate and respond to historic preservation needs.
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