The Fayette Area Historical Initiative soon will have a new home for its African American Museum and Cultural Center, and funds still are being raised for the effort.

FAHI recently bought the building at 211 Fayette St., according to Curtis Millner Sr., FAHI’s board chairman.

The building cost $35,000, he said. About half of that cost was paid by donations from residents and institutions.

A promissory note was used to finance the rest, and “a drive to raise those funds continues,” Millner said.

The building was constructed in 1953 and formerly housed the Imperial Savings & Loan Association, which was established in 1929, he said.

That institution “survived a historical span of 81 years before closing in 2010,” Millner said. It was the last African-American owned and operated savings and loan institution in Virginia, he added.

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