Endangered Building Fund

Dennision House in Batavia was saved from demolition due to the Endangered Buildings Fund

CPA’s Endangered Building Fund can be used to save endangered buildings by providing short term loans to owners of historic buildings and to support direct action through CPA acquisition of endangered sites.

What is the Endangered Building Fund?

The Cincinnati Preservation Endangered Building Fund is a historic properties redevelopment program, commonly known as a revolving fund. It is an active real estate based program for protecting endangered properties using techniques such as: options, purchase/resale, easements and tax credits. 

The primary focus of the Cincinnati Preservation Endangered Building Fund is to offer loans to end users that are supported and enhanced by escrow deposits CPA makes to the Cincinnati Development Fund (CDF), a nonprofit lending institution that fills a gap not covered by traditional lenders. 

 

If you have a project that might be a candidate for the Cincinnati Preservation Endangered Building Fund, please contact Beth Johnson at beth.johnson@cincinnatipreservation.org.

Endangered Building Fund Projects

 

1725 Elm Street
CPA’s first project provided support to stabilize the endangered rear portion of 1725 Elm Street in Over-the-Rhine.
The Italianate building was vacant and the rear portion was slated for demolition. CPA helped fund the stabilization work in partnership with CDF. The funds helped this important building in the historic Findlay Market area retain the rear section and move forward with a complete rehabilitation project.  The project was also awarded federal and Ohio historic tax credits.

The Dennison House
The second CPA Endangered Building Fund project is the purchase of 225 Wood Street in Batavia, Ohio. This highly significant 1833 Greek Revival house was vacant and was declared a public nuisance. The Batavia Village Council reluctantly ordered demolition. After months of negotiations and title work, CPA completed the purchase of the property in March 2021. CPA preformed maintenance and completed minor repairs. The house has a historic conservation easement attached to the title and was sold to a preservation-minded buyer.

Eckstein School

Through the use of the Endangered Building Fund, the Eckstein School  at 44 Washington Avenue in the Village of Glendale, Ohio was saved from inappropriate redevelopment and  partial demolition. Cincinnati Preservation Association bought the property and mothballed the property. 

 

The property will be transferred to the Eckstein Cultural Arts Center in the near future prior for them to redevelop as their home.

Program Supporters

Thanks to program supporters:  1772 Foundation & Cincinnati Development Fund

 

The Cincinnati Preservation Revolving Fund has received several grants from the 1772 Foundation located in Providence, Rhode Island. The foundation works throughout the nation to assist preservation organizations in saving historic properties. They encourage use of a range of methods from loans to support redevelopment of historic properties to direct investment by purchasing endangered buildings. 

 

Thanks to  Cincinnati Development Fund  for their support of the stabilization of historic structures in our local community.

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