Alliance to Conserve Old Richmond Neighborhoods

The Alliance to Conserve Old Richmond Neighborhoods purchases options on vacant/abandoned properties to match buyers willing to renovate blighted properties with owners willing to sell.  An "Option To Sell" gives the Alliance an exclusive right to find a purchaser during an agreed-upon period of time at an established price.  The process begins when the property owner reviews the option agreement.  The Alliance evaluates the property's condition and the chances of finding a buyer.  Terms, including an estimate of time needed to sell the property and purchase price, are determined.  An option agreement is drafted, signed by the owner and the Alliance, and the owner is paid a $500 option fee. The Alliance markets the property.  All offers are presented to the seller until a purchase contract is signed.  A purchase contract is drafted and sent to an attorney for closing.  The purchaser repays the $500 option fee and a $2,000 fee for internal administrative/legal expenses to the Alliance.

The Alliance to Conserve Old Richmond Neighborhoods offers consultation services for historic tax credit applications, appropriate design, and more. 

* Historic Tax Credit Services can provide full or partial help to property owners wishing to apply for state and/or federal tax credits in order to recoup up to 45% of renovation costs.

* Design Consultation may include schematic plans and elevations detailing the character and impact of building alteration; renderings of independent building elements (e.g., cornice, porch, fence) to ensure historic sensitivity; professional advice on repair and renovation of historic home elements (e.g., distinctive roof, brickwork).

* Preparation for C.A.R. Review facilitates discussion with Richmond's Commission of Architectural Review to ease the approval process and save design-related expenses.

* House History Research creates a report on your home, including construction date, builder, owners, and changes over time.