1772 Foundation grant received

We are honored to have recently been awarded a $50,000 Historic Property Redevelopment Program (HPRP) Grant from The 1772 Foundation in cooperation with the National Preservation Partners Network. The grant will support our unique preservation stewardship model, rescuing historic properties and funding their continued maintenance and management by offering the properties as short-term vacation rentals.

Our organization was established in 1991 for the express purpose of bringing new life to historic buildings. This approach to historic preservation is proven by Landmark Trusts in the United Kingdom and Ireland as an effective way to offer the public an enlightened and personal experience in buildings of architectural and historical significance. We are the only U.S. organization following this model as our primary work.

Also known as revolving funds, HPRPs are enterprising programs that proactively use real estate techniques to protect and rehabilitate endangered properties. Income realized from the properties is “revolved” to save another building. Since 2006, The 1772 Foundation has been a leading proponent of HPRPs, recognizing their positive impact on community economic development and neighborhood revitalization.

We will use the grant as a revolving fund in support of efforts to restore additional significant properties by supplying the important first dollars into projects. The first project to be undertaken will be the rehabilitation of the Naulakha Stable, the 1896 horse stable on the grounds of Rudyard Kipling’s Naulakha estate, scheduled to be completed this year. We are also actively working with statewide preservation nonprofits and federal and state government organizations to bring the model to additional properties outside of Vermont.

“This funding will allow us to advance our preservation mission and protect more historic properties in perpetuity for future generations to learn from and enjoy,” says Executive Director Susan McMahon. 

Ethiel Garlington, Executive Director of The 1772 Foundation adds, “We continue to be impressed by the entrepreneurial spirit of preservation practitioners across the country, who are putting market-based solutions to work in order to save more historic places.”