Historic preservation through real estate development
Historic Boston Incorporated chooses projects that will have a significant impact on their surrounding neighborhood. Each project is evaluated based on its individual merit and potential. Generally, the property must be eligible for or listed on the National Register of Historic Places or designated or recommended for designation as a Boston Landmark.
It is likely to be given priority if it is prominently located and a bell-weather for the future well-being of a neighborhood.HBI’s project plans are guided by the U.S. Secretary of the Interior’s Standards for Rehabilitation. The following criteria are used in screening all projects that HBI engages in:
Significance: Resource merits preservation
Local, state or federal historic preservation designation
Contributes to local culture, character or history
Is in a highly visible/prominent location
Need: HBI can meet a preservation challenge that would not otherwise be met
The market will not support preservation
Regulatory controls will not protect the resource
There is a short window in which neither public sector or private sector can respond in a timely fashion
Neighborhood Impact: Project contributes to wider revitalization
Encourages investments by others
Supports recent investments by others
Is located in an HBI program area
Supports neighborhood life or institutions
Has symbolic value
Organizational Impact: Project allows HBI to become more effective in serving its mission
Develops solutions that are more widely applicable
Broadens constituency for historic preservation
Strengthens HBI’s capacity and credibility
Increases HBI’s ability to fundraise
Utilizes HBI staff efficiently
Provides an opportunity to work with the City or other
Preservation partners