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Revolving Fund
Since 1972, GHF has operated our Revolving Fund to purchase endangered buildings and sell them (with protective covenants) to preservation-minded individuals. First concentrating on vacant buildings along the Strand business district, GHF began using the fund to purchase historic houses in 1983. Concentrated efforts in several neighborhoods have dramatically improved the area and encouraged other homeowners to do the same with their properties. With Operation Church Street, GHF concentrates on the 1400 and 1500 Blocks of Church Street in the East End Historic District. GHF has worked for many years to preserve the historic character of the East End Historic District, from moving a house to the vacant lot at 1402 Church to buying a house at 1511 Church that many would have considered beyond repair. We now hold protective covenants on eight properties in this two block area. Working south of Broadway, Project Avenue M includes two twin Queen Anne style houses that were moved to vacant lots during the summer of 2004. They were located on lots that were to be used in the development of a new hotel along Seawall Boulevard. The owners donated the houses to GHF, under the condition that they be moved to a new site.
In 2002, the GHF Revolving Fund got a boost with a large grant from the Houston Endowment, as well as the donation of several pieces of property. Today, we typically are able to buy, stabilize, and sell two or three properties each year. Most of these properties would have been demolished or would continue to deteriorate without GHF's intervention. The fund focuses on properties that may have situations too intimidating for most buyers. By not investing a large amount into a total rehabilitation, GHF is able to save more properties, while allowing maximum flexibility for the new buyer’s designs.
Current Properties - For Sale
Past Projects
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1428 Church
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1828 Ave K
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1921 Market
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2928 Ave K
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Beissner
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Paco
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