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The Historic Preservation Fund is not funded through tax revenue. Rather, it is funded by royalties accumulated by the Office of Natural Resources Revenue through payments, rentals, bonuses, fines, penalties, and other revenue from the leasing and production of natural resources from federal and Indian lands onshore and in the Outer Continental Shelf. [6]
However, federal regulations require that every single government that receives funds must provide 25 cents on their own for every HOME dollar used. [2] If for example a state plans to use $1 million of HOME funds during the year, HUD provides $750,000 (75%) and the State must provide $250,000 (25%) for the program to achieve the $1 million goal.
From 1986 to 2002, the California Main Street Program was administered by the California Technology, Trade and Commerce Agency and supported by State General Funds. That agency was eliminated in 2002/03 due to a budget crisis. In 2004 the California Main Street Program was re-established within the Office of Historic Preservation. [11]
The grants were allocated through a competitive process and range from $22,000 for improved signage to more than $300,000 for a building renovation Six historic sites in Somerset County share ...
Funding for the project was secured from private donors in addition to city and state preservation grants. The 2002 plans for the Baseball Grounds of Jacksonville placed the structure in left field, so it was moved again, this time next door to the Old St. Andrews Church. The work was completed in late 2005.
The Florida Trust for Historic Preservation, a nonprofit association of 2,000 preservation organizations and individuals, purchased the house Aug. 17 to serve as its new headquarters.
Funding ceased after 2010 because of concerns about adequate "performance metrics and evaluation efforts” yet resumed in 2017. [10] [11] Monies for the program come from the Historic Preservation Fund (HPF), a source of revenue from federal oil leases that does not expend taxpayer dollars. [12]
The town is offering grants up to $30,000 for the preservation, restoration and rehabilitation of historic buildings.
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