The first national loan fund dedicated to financing adaptive reuse projects.
RePurpose Capital offers flexible financing solutions for developers committed to reactivating and retrofitting older and historic buildings. If you are interested in obtaining financing for an adaptive reuse project, please submit an inquiry form.
Inquiry FormRePurpose Capital reinvests in communities by offering financing and capacity-building resources to reactivate older and historic places and improve opportunities, local economies, and health.
We believe in the value of place and the role older and historic buildings play in the vitality of communities. We envision an America where all towns and cities have the resources needed to support community-driven rehabilitation projects that serve as building blocks for a more prosperous and sustainable future.
Although reusing and retrofitting existing buildings offers environmental, health and economic benefits, such rehabilitation projects are often financially challenging. Developers in historically disinvested and underserved communities encounter especially significant hurdles, including limited access to affordable financing and a lack of technical assistance to support complex projects. These barriers hinder the rehabilitation of older and historic buildings, preventing the creation of more housing units, space for new and expanding businesses, and vital community facilities like health care and childcare centers.
RePurpose Capital addresses these challenges by providing lower-cost, targeted financing solutions to catalyze impactful projects. In the near future, we will also offer technical assistance to support newer developers with rehabilitation projects.
What types of projects does RePurpose Capital finance?
RePurpose Capital invests in adaptive reuse projects which include substantial measures to improve the operational performance of a building. We prioritize investments in rehabilitation projects in disinvested and underserved communities.
Does my project need to be on a historic register to be eligible for financing?
RPC prioritizes investment in buildings that have been placed on local, state or federal registers of historic buildings. However, RPC will consider investments in non-designated buildings that bring substantial benefits to their communities.
Does a building need to be at least 50 years old to be eligible for financing?
No. However, RPC prioritizes investments in buildings that are 50 years of age or older.
Who can apply for a loan?
We welcome applications from developers, nonprofit organizations, and community groups that are committed to reusing and improving the performance of older and historic buildings. All applicants must have site control (either own their project or have the option to purchase a site) to be considered for financing.
What loan products are available?
How does RePurpose Capital support a cleaner environment and healthier communities?
New building construction releases a lot of pollutants into our air. RePurpose Captial is the only national loan fund that is exclusively dedicated to financing adaptive reuse projects that also improve the performance of a building. Every RPC project helps improve environmental quality by reducing the need for new construction and ensuring improved building operations.
Are technical assistance or resources available?
Technical Assistance is currently available on a limited basis. Check back soon for updates on our technical assistance program.
What is RePurpose Capital's relationship with the National Trust for Historic Preservation?
RePurpose Capital is a subsidiary of the National Trust for Historic Preservation. We share the National Trust’s commitment to helping people reactivate and enjoy America’s historic places while addressing the urgent challenges our society faces like the need to create more housing units and high-quality space to support entrepreneurs. We support the National Trust’s broader goals of helping improve our environment and catalyze community renewal through preservation-driven economic development.
How does Main Street America and RePurpose Capital partner together?
RPC is led by Patrice Frey, former President and CEO of MSA (2013-2022), and evolved directly as a response to the needs of communities in Main Street America’s network of communities. Main Street America is a critical partner of RPC’s, and qualifying projects submitted from within the MSA network are given priority consideration. Learn more about Main Street America.
How do the National Trust Community Investment Corporation (NTCIC) and RePurpose Capital partner together?
The National Trust Community Investment Corporation is a leader in financing preservation projects using Historic Tax Credits, New Markets Tax Credits, and also invests in Renewable Energy Tax Credits. The NTCIC and RPC teams collaborate closely, enabling RPC to build on NTCIC’s decades of expertise leveraging innovative financing tools to support rehabilitation projects and expanding NTCIC client’s access to new sources of financing.
How does RePurpose Capital collaborate with the African American Cultural Heritage Action Fund?
The African American Cultural Heritage Action Fund, a program of the National Trust, has raised $150MM to support the preservation of African American historic sites and cultural heritage. RePurpose Capital and the Action Fund work together to identify projects that can benefit from both the Action Fund’s grant program and lower cost debt offered by RPC.
To learn more, please contact us at info@repurposecap.org.