The Mill House

New Markets Tax Credit Coalition

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

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