Commercial Revolving Loan Fund Program

The restoration and protection of Deadwood’s historic buildings and structures are a primary part of the City’s goal to preserve and maintain Deadwood’s historic integrity. The expense of such restoration and protection projects may discourage property owners from having the work completed or may result in lower quality of craftsmanship. The purpose of this program is to assist and encourage property owners to use quality materials and craftsmanship by repairing first, where possible, and replacing, only if necessary.

The City of Deadwood is a National Historic Landmark and is listed on the National and South Dakota State Registers of Historic Places. Maintaining these designations is critical to the economic success of the City and quality of life of its residents. The objective of the program is to stimulate the quality restoration and protection of buildings and structures that contribute to the historic integrity of the City of Deadwood.

To be eligible for the Revolving Loan Fund (RLF) Commercial Program, the applicant and project must must exist within the Deadwood city limits and as part of a Commercial Property;

A project must also meet one of the following:

• The project must affect a property listed on the City of Deadwood’s 1993 Historic Sites Inventory as an historic property in the Deadwood National Historic Landmark District.Properties not listed on the inventory must be eligible for the National Register of Historic Places as defined in the National Park Service’s National Register Bulletin 15: How to Apply the National Register Criteria for Evaluation.
• The project must affect individual life safety and structural deficiencies as determined by the City of Deadwood’s Building Inspector and applicable life safety codes.Determination of individual life safety issues and structural deficiencies is based upon the codes adopted by the City of Deadwood under Chapter 15.01.010

If the project is eligible for the Real Estate Tax Moratorium, Historic Tax Credits, and/or Conversation Easement; the applicant must submit the appropriate applications and have received project approval prior to loan funding. The Preservation Commission reserves the right to waive the requirement in the case of emergency.

The City of Deadwood’s Historic Preservation Officer and Building Inspector determine a project’s eligibility.  All eligible applications are subject to the review of the Deadwood Historic Preservation Commission.

The loan programs are contracted and operated through NeighborWorks Dakota Home Resources.  For information regarding the loan programs click here.