Old Cromwell Inc recently received a cash injection courtesy of Central Lakes Trust and the Otago Community Trust.
Chairwoman Helen Scholes confirmed money would go towards the restoration of the McNulty House in the Cromwell Heritage Precinct.
It is expected to cost about $720,000 and the aim is for it to be completed within a year once funding had been finalised.
‘‘It’s quite a big project,’’ she said.
Ms Scholes said about a third of the costs were for earthquake-strengthening.
‘‘No disrespect to the people who’ve lived in it, but the idea is to take the more modern claddings out and restore it to what it looked like in the 1890s.’’
Other work included the conservatory being replaced by a 19th-century-style replica.
Last month, the group was granted $88,000 by the Otago Community Trust. That followed a project grant from the Central Lakes Trust of more than $230,000 in August 2019.
Both groups in 2012 helped the Cromwell Community Board buy the building to lease to Old Cromwell Inc.
Ms Scholes said there would be fundraising efforts for the extra $250,000 needed.
The group hoped the project would start by about June.