A threat to The Anchorage, the ca. 1780 tabby mansion on the Bay Street Bluff long associated with the prominent William Elliott family, thrust HBF into fulfilling its preservation mission. In saving it from demolition, the Foundation found the strategy that has served in rescuing seven more historic sites.

A revolving fund was established that has allowed HBF to purchase threatened landmarks and to resell them with preservation restrictions. The Revolving Fund has also been used to facilitate restoration work at the Verdier House, to stabilize the George Parsons Elliott House, to protect threatened Civil War battery sites and to promote sensitive new development along Carteret Street.
The Anchorage, 1103 Bay St.  
William Wigg Barnwell House, 501 King St. The Trescott House, at 500 Washington St.
814 Charles St., an abandoned house gutted by fire HBF restored and resold the house
The Green/Scheper House, c. 1875. at 502 Scott's St. 502 Scott's St. today

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