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The Maryland Preservation Plan - 2005 - Maryland Historical Trust

The Maryland Preservation Plan - 2005 - Maryland Historical Trust

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Statewide Priorities for Heritage Resource ConservationCHAs are eligible for a number of financial benefits, including:1. Matching grants of up to fifty percent and loans to local jurisdictions orother appropriate entities for planning, design, property acquisition,development, preservation, restoration, interpretation, marketing, andprogramming. Grants for acquisition and development may be madewithin five years of the date of Management <strong>Plan</strong> approval by MHAAunless the MHAA determines that the project is essential for the successof the area.2. Loans for economic development projects from the proceeds ofrevenue bonds sold by the MHAA.3. State income tax credits for the rehabilitation of certified heritagestructures and the authority to provide local property tax credits forsuch rehabilitation.4. Broad program support from State government.Historic <strong>Preservation</strong> Revolving Loan Fund<strong>The</strong> MHT Historic <strong>Preservation</strong> Revolving Loan Fund provides loans tononprofit organizations, local jurisdictions, business entities, and individuals toassist in the protection of historic property. Loan funds can be used to acquire,rehabilitate, or restore historic property listed on, or eligible for, the NationalRegister of Historic Places. Loans may also be used for short-term financing ofstudies, surveys, plans and specifications, and architectural, engineering, orother special services directly related to pre-construction work MHT or theState Historic <strong>Preservation</strong> Officer requires or recommends for projects beingfunded with federal or State monies. <strong>The</strong> average loan has been in the amountof $100,000, with loans as large as $300,000 having been settled. <strong>The</strong> lowinterest loans are available on a first-come, first-served basis throughout theyear. Successful applicants must convey a perpetual historic preservationeasement to the <strong>Trust</strong>.<strong>Preservation</strong> <strong>Maryland</strong>/<strong>Maryland</strong> <strong>Historical</strong> <strong>Trust</strong> Special Grant Program<strong>Preservation</strong> <strong>Maryland</strong>, founded in 1931 as the Society for the <strong>Preservation</strong>of <strong>Maryland</strong> Antiquities, is the State’s oldest preservation organization.<strong>Preservation</strong> <strong>Maryland</strong> administers the “PM/MHT Special Grant Fund,” whichprovides grants up to $5,000 and is intended to meet significant historic preservationneeds unlikely to be met through existing <strong>Preservation</strong> <strong>Maryland</strong> and<strong>Maryland</strong> <strong>Historical</strong> <strong>Trust</strong> programs. Information about the program is availablefrom <strong>Preservation</strong> <strong>Maryland</strong>.III. <strong>The</strong> Status of Heritage Resourcesin <strong>Maryland</strong><strong>Maryland</strong>'s heritage conservation movement has been active for nearlyseventy-five years. <strong>The</strong> movement's formal beginnings date to 1931 with thecreation of <strong>The</strong> Society for the <strong>Preservation</strong> of <strong>Maryland</strong> Antiquities, nowknown as <strong>Preservation</strong> <strong>Maryland</strong>. Thirty years later, the <strong>Maryland</strong> <strong>Historical</strong>Calvert County used a CLG grant to fundresearch, writing and production of <strong>The</strong>Money Crop, a <strong>2005</strong> MHT Presspublication.11

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