Wednesday, May 1, 2013

A new Partner joins the Project!


     Today, we received some very good news for the Project.  The Landmarks Foundation of Montgomery, a respected 501(c)3 non-profit organization established in 1967 to foster, encourage and lead the historic preservation movement in Montgomery, has agreed to partner with us!  Landmarks has long led the fight to save historic properties in Montgomery and they will be helping us to save historic home at 1802 Madison Ave.

     From the beginning, those of us who started this effort knew that 1802 Madison Ave. ("the Perry House") wasn't a traditional "flip" house.  Some of us have experience renovating houses for profit, but 1802 Madison was just too far gone for that to be an option.  Still wanting to save the house, our group of neighbors came together and agreed to put our money, our credit, and our labor into the house with the sole goal of preserving a vital piece of our neighborhood as a home for some future neighbor.  We agreed that saving the house was worth it, even if we lost money.

     Well, that was a liberating decision that allowed us to think "outside the box" regarding how this Project might go forward.  As a result, we've discovered a way to make the Project even more meaningful through a partnership with the Landmarks Foundation.

     CHIC 2018, the group behind this effort, will be entering into an agreement with Landmarks to use this project as a fundraising tool to further Landmarks' mission.  Landmarks isn't funding the project directly, but supporters of the Project will be able to make financial or "in kind" contributions through Landmarks to support the 1802 Madison Project.  When the Project concludes and the house is sold, all net proceeds of the sale (after repayment of the construction loan and expenses) will go back to the Landmarks Foundation to support them in their future preservation efforts.

     What does this mean for you?  It means that as a supporter of the Project you can make a tax-deductible donation to Landmarks and designate it as for the support of "The 1802 Madison Project."  Contributions will go directly to project expenses and will help to save a great old house that sits on Madison Avenue, the "Gateway to Downtown."  Thanks for your support, and special thanks to the great folks at the Landmarks Foundation!

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