Salisbury, North Carolina is located about 45 minutes to an hour away from Charlotte and Winston-Salem. In the 1970's a group of people wanted to do something about the neglect and demolition of historic homes and buildings in their community. So, they formed the Historic Salisbury Foundation, with the purpose of preservation of the city's historic structures. In Ashland County we have the Center Street Historic District Association, The Ashland County Historical Society, The Ashland County Historic Preservation Alliance, and other 501c3 nonprofit organizations that can help with preservation. Most of the organizations only need a preservation plan. There is no need to reinvent the wheel. The Historic Salisbury Foundation has already built a great preservation plan and strategy.
Strategy #1 - I see hundreds of historic properties that I would love to purchase and restore. As an individual it is really out of the realm of possibility. I don't have that kind of capital, even with grants and tax credits. I have invested in my own historic home.
The Historic Salisbury Foundation agrees, but they also don't encourage a nonprofit to outright purchase a historic home or building because it takes to much capital. Then the building has to be managed and repairs made. Many organizations won't have the donations available to so this. An outright purchase of a building should only be used as a last resort. There are better ways!
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