Trust Hopes To Restore Historic Buildings In Louisiana

NEW ORLEANS (AP) — The Louisiana Trust for Historic Preservation has announced it will begin using a new revolving fund program to save historic buildings in Louisiana.

         The New Orleans CityBusiness’ Brielle Hill reports that the trust hopes the program will be able to increase property values for surrounding buildings and revitalize communities.

         Brian Davis, who manages the trust's program, says a revolving fund allows an organization to have a continuous source for financing projects without fiscal year limitations. An organization is able to replenish a revolving fund by repaying money used from the account when a restored building is sold.

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         Michael Echols, president of the Louisiana Trust for Historic Preservation, added that one of their goals is to restore culture and heritage in many communities by saving the buildings.



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