Preservation Loan Fund

The Historic Preservation Division makes 3 percent fixed rate loans in cooperation with commercial banks and preservation organizations to restore and rehabilite historic properties.  Get the Quick Facts about the Preservation Loan Fund.

You may also find it helpful to visit the the National Trust for Historic Preservation and review the Secretary of the Interior's Standards for Rehabilitation, which must be followed for projects receiving loans.


To qualify for Loan Fund Assistance, a property must be listed in the State Register of Cultural Properties and/or the National Register of Historic Places. Low-interest loans can be made for a maximum of $200,000 for a term of five years or less.

Borrowers must agree to:

  • Repay the loan and maintain the property as restored, rehabilitated, or repaired for at least seven years;
  • Maintain complete and proper financial records regarding the property and make them available to the Division on request;
  • Complete the project within two years from the date of the closing of the loan; and
  • Provide to the State sufficient collateral security interest in the property.

Rate of Interest: The Historic Preservation Loan Fund contribution shall accrue interest at the rate of three percent (3%) per annum; the "lending institution" rate of interest is negotiated between the borrower and the commercial bank, savings and loan, or credit union.

Repayment: In installments at least annually, with the first installment due within one year of the date the loan is closed by the lending institution.