Located on Elm Street in the heart of the Fisher Park Historic District, the Leak House has suffered from neglect for more than 10 years. The property was acquired by the Preservation Greensboro Development Fund in 2017 for the purpose of ensuring the future of the historic house by identifying a suitable preservation partner to oversee restoration efforts.Details
The Preservation Greensboro Development Fund works to preserve structures through partnerships, acquisition, and through donation and oversight of preservation easements.
When property owners donate historic properties to Preservation Greensboro Development Fund, they can claim a charitable deduction on Federal income tax. In most cases an easement donor may deduct the value of the property, for a percentage of the taxpayer’s adjusted gross income, from Federal taxes. For further guidance on determining the value of a property a professional appraiser should be consulted.
Properties sold through the Fund will hold a preservation easement that will protect significant architectural features and work to preserve sites into the future. A significant component of a preservation easement is restriction of demolition of properties, though most sites have greater detail of protected features.
The Fund welcomes partnerships and encourages innovative solutions to preservation issues. If you would like to be involved with the Preservation Greensboro Development Fund, please contact the PGI office at 336-272-5003, or email Benjamin Briggs, Executive Director of Preservation Greensboro.