Loans for Historic Preservation and Heritage Tourism Projects
The Maryland Historical Trust administers loan programs that assist both bricks and mortar activities such as acquisition and rehabilitation of historic properties and the development of heritage tourism-related businesses. Loans are awarded as a lump sum that must be repaid within an agreed-upon time period. The loan terms are attractive, offering below market rates.
Each program has different eligibility standards and operating regulations, so please be sure to read each program’s guidelines closely to make sure your project is eligible.
MHT encourages applicants to contact the appropriate MHT staff person prior to submitting an application.
Rehabilitation and Acquisition
Nonprofit organizations, local governments , individuals, and business entities may apply for loans to acquire and/or rehabilitate historic properties. All rehabilitation work must meet the Secretary of the Interior’s Standards for the Treatment of Historic Properties.
MHT Loans require the conveyance of a perpetual historic preservation easement to the Maryland Historical Trust.
MHAA Loans must be within a Target Investment Zone and endorsed by the Certified Area management entity. MHAA may require the conveyance of a perpetual historic preservation easement to the Maryland Historical Trust.
Nonprofit organizations, local jurisdictions, individuals, and business entities within Certified Heritage Area Target Investment Zones may apply for loans to assist in the enhancement of heritage attractions and visitor services. The project must address or complete a priority activity outlined in the heritage area’s approved Management Plan and must be endorsed by the heritage area management entity.
This page updated: May 19, 2009