Landmark Society of  Western New York (LSWNY) is conducting a feasibility study to determine whether it could launch a revolving fund. There are many types of revolving funds in use throughout the country. As part of the process of determining whether LSWNY moves forward, the organization would like feedback from its membership. Thank you for your time in completing this short survey.

There are many types of revolving funds. Purchasing threatened historic properties (or buying options on properties) and then reselling them to buyers with permanent restrictions (easements or covenants) is one approach.  Another approach involves lending funds to property owners to restore buildings, again with restrictive covenants or easement.

 

Proceeds from reselling the property or from loan repayment would be returned to the fund to be used on the next property; hence it is a "revolving" fund. There are currently over 60 active preservation revolving funds in operation throughout the country.

 


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* 1. Do you think that there are "landmark" buildings in Rochester/Western New York that are threatened and need protection?

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* 2. Do you think that there are areas in Rochester/ Western New York where there are older neighborhoods with houses built before the 1970s that are in decline?

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* 3. Do you think there is a need for a revolving fund as described above?

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* 4. What do you think the impact of a successful revolving fund could be?

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* 5. Do you think that the LSWNY should move forward in establishing a revolving fund?

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* 6. Do you have any specific skills or experience that could benefit a revolving fund program?

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* 7. Do you know of anyone who has a historic structure (building over 50 years old) who might like to donate it to the LSWNY?

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* 8. Do you know if any people or organizations who might be good partners or advisors to a revolving fund?

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