The John Hunt Revolving "PHund"

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Revolving funds can be established to buy historic properties, place restrictive covenants on those properties, and later resell them with the preservation restrictions. Revolving funds are increasingly recognized as useful and valuable tools for historic preservation.They are also an effective alternative to the demolition or neglect of architecturally and historically significant properties.

The John Hunt Revolving Fund accomplishes this goal by either accepting property donations or by purchasing options on endangered historic properties. The properties are then marketed locally to locate buyers who agree to preserve and maintain the structures. Protective covenants, in the form of a preservation easement, are attached to the deeds to ensure that the historic integrity of each property is retained. Purchasers are required to sign rehabilitation agreements based on the work to be performed on the structure.

Come back soon to read an updated FAQ on the details of this program, including how to participate and what buildings qualify.