The Mill House

Greensboro,
NC
(2021)

The Mill House

Affordable Housing, Community, Historic Rehabilitation, Housing, Mixed-use, Mixed-use and Commercial

NMTC financing for the Mill House, the final phase of the historic Revolution Mill Complex revitalization in Greensboro, North Carolina.

Investment

NMTC Amount: $18,500,000
Total Project Cost: $37,700,000

IMPACT

250 FTE jobs
225 construction jobs

CDEs

National Trust Community Investment Corporation, RBC Community Development, Truist

Investor

Truist

Project Description

The National Trust Community Investment Corporation (NTCIC) is proud to announce the successful financial closing of the Mill House, the final phase of the historic Revolution Mill Complex revitalization in Greensboro, North Carolina. The $37.7 million revitalization effort, led by Self-Help Ventures, will create affordable commercial spaces for growing local businesses, a business incubation program, and mixed-income housing options for the neighborhood. NTCIC provided $5 million in NMTC allocation and an equity investment in the $6.1 million in federal Historic Tax Credits (HTC) generated by the preservation efforts.

MAP

Address: 2005 Yanceyville Street, Greensboro, NC 27407

Census Tract: 37081010300

PDF Profile

Other North Carolina Projects

Sinnovatek – First Wave

Middlesex,
NC
(2024)

Manufacturing

CDE(s): Advanced CapAccess, Mid-City Community CDE

A food manufacturing facility increased local production and added jobs in Middlesex, NC

Second Harvest Food Bank of Northwest NC

Winston-Salem,
NC
(2021)

College or Vocational Training

CDE(s): CCG Community Partners, People Incorporated Financial Services, Urban Action Community Development

Urban Action Community Development deployed $6MM of its Round 17 NMTC Allocation for the new construction, FFE, and working capital needs of a food bank in Winston-Salem, NC.

Revolution Mill

Greensboro,
NC
(2015)

Housing, Mixed-use, Restaurants and Catering, Retail, Retail and Commercial

CDE(s): Brownfield Revitalization, Mid-City Community CDE, National Community Investment Fund, PNC, USBCDE

Historic renovlation of historic hotel for mixed use retail and afordable housing.

Raleigh Times Building

Raleigh,
NC
(2010)

Retail

CDE(s): Self-Help

One of Raleigh’s most important buildings in the first part of the 1900s, this building housed the Evening Times, which later became the Raleigh Times newspaper. The Times building possesses