1. The Commission appreciates that each property possesses a unique character that suggests a variety of potential preservation strategies (all of which, to qualify for Commission consideration, must meet the Secretary of the Interior’s Guidelines for Rehabilitation). In selecting a preservation strategy for a given property, the Commission shall seek to balance the objectives of historic preservation and recovery of investment, in an effort to preserve and enhance the revolving fund as one of its most important preservation tools.

2. As a general rule, the Commission shall restore buildings only to the level necessary to safeguard their physical integrity and to market them effectively for sale or other appropriate disposition.

3. The Commission recognizes that in-fill (the building of new structures) and adaptive reuse are legitimate preservation strategies and in appropriate circumstances shall encourage their use either through its own actions or through the actions of developers.

4. The Commission further recognizes that circumstances can exist in which the recovery of funds invested in a given project may not be assured. In such circumstances, the Commission shall endeavor to balance the objectives of historic preservation and fund preservation by applying the general rule that the greater the risk to recovery of invested funds from a given project the higher the standard that shall be applied in assessing the merits of the project under consideration.