Revolving Fund Feasibility Study for the Selma-Dallas County Historic Preservation Society

Hanbury Preservation Consulting has completed a revolving fund feasibility study for the Selma-Dallas County Historic Preservation Society. The study included an internal assessment, a board survey, a public survey, interviews with local stakeholders, a literature review and an analysis of organizational records, policies, and procedures. Data was collected from interviews and surveys about perceptions of needs within the larger community, opinions about revolving funds, and opportunities for increased cooperation and collaboration with partner organizations. The study found that a revolving fund supports the organization’s mission and would address community- identified needs.

By some definitions, the Society’s past work rehabilitating threatened historic buildings already constitutes a revolving fund program. However, a work session with the board narrowed the scope of the proposed program to focus on small-scale residential properties in designated districts, with special attention to opportunities for affordable housing or to assist with tornado-damaged buildings. Data sharing with local government would target future projects. Initial steps to prepare for a larger-scale program include capacity building in staffing, partnerships, and financial reporting.