Predevelopment Loan Fund (PLF)
The PLF is a source of financial support for projects restoring historic buildings in Massachusetts. This loan fund covers reasonable third party costs that are necessary in getting a project going on the path to completion, such as architectural and consultant costs, feasibility studies, etc.
Predevelopment funds are often the most critical for a project, and Preservation Massachusetts is pleased to bring to the table a source of preservation financing. The PLF will make between 1-3 loans per year, with a range of $15,000 to $75,000. Projects seeking to apply for a loan will have to meet certain requirements, such as being listed on or eligible for listing on the National Register of Historic Places and having work comply with the Secretary of the Interiors Standards for Rehabilitation. This is not a grant program nor is it an emergency loan program.
The PLF allows our organization to play an active and vital role in the preservation of the historic fabric of our Commonwealth. If you are interested applying, please email Erin Kelly at firstname.lastname@example.org for an application form and to discuss your project.
For more details and information click here.
The Gunn Block in Springfield, PM’s first PLF loan. The project is being undertaken by DevelopSpringfield.
PLF Application Form
Generously funded by:
The Gunn Block proposal