- Associated Press - Monday, November 24, 2014

KNOXVILLE, Tenn. (AP) - Knoxville has started a $500,000 preservation fund to help rehabilitate the city’s blighted historic properties.

The Knoxville News Sentinel reports (https://bit.ly/1uOg9t7) the city will begin taking proposals this week.

Knoxville Mayor Madeline Rogero announced the new program on Thursday. She said financing can be especially hard to secure when a property is blighted.

Most of the money will be used for construction projects, but 5 percent will be earmarked for other projects, such as research.

The fund will expand Knoxville’s existing preservation programs. Rogero said it will bridge gaps not currently covered by other sources of funding.

Applications for funding will be accepted through the end of January.

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Information from: Knoxville News Sentinel, https://www.knoxnews.com


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