Business

Lexington included in program for building loans

Lexington is among 28 cities eligible for loans to help preserve historic buildings and develop affordable housing through a program announced by the National Trust Loan Fund.

The National Trust Loan Fund, a not-for-profit subsidiary of the National Trust for Historic Preservation, on Monday announced the creation of a $5 million loan pool for the program.

The loan fund was made possible through a $1.3 million grant from the John S. and James L. Knight Foundation. The grant targets communities in the 26 cities where the Knight brothers owned newspapers plus Gulfport, Miss., and Pontiac, Mich.

The housing projects should include property designated as national, state or local historic structures, a contributing resource in a designated historic district or be eligible for such designation.

For more information, contact the National Trust Loan Fund at (202) 588-6360 or www.PreservationNation.org/loan-fund. Applications are due Sept. 30.

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