Abraham Lincoln Tower

Reading,
PA
(2017)

Abraham Lincoln Tower

Business Development, Community, FQHCs, Healthcare, Housing, Infrastructure, Mixed-use, Retail, Retail and Commercial, Transportation and Ports

Lincoln Hotel Logs New Life, Thanks to NMTC

Investment

NMTC Amount: $5,820,000
Total Project Cost: $6,466,244

IMPACT

35 FTE jobs
25 construction jobs
Project includes a Federally Qualified Health Center.

CDEs

Community First Fund

Investor

Unknown

Voices from the Community

What does the New Markets Tax Credit mean to your community?

“I think the community is better for it. Obviously, the tax credits are a key piece.”

-Christian Leinbach, Chairman, Berks County Commission, Pennsylvania

Project Description

Finance rehab and construciton of historical hotel and parking garage for residential and commercial uses located in multiple condominium units. Extensive renovation of the former, historic Abraham Lincoln Hotel located in downtown Reading. The Lincoln Towers revitalization project is transforming the old hotel into a vibrant, mixed-use complex that contains 98 affordable-rate apartments, 10 retail spaces and an adjacent 310-spot parking garage.

MAP

Address: 100 North Fifth Street, Reading, PA 19601

Census Tract: 42011000100

Other Pennsylvania Projects

Nonprofit Development Corporation

Butler,
PA
(2023)

Community, Nonprofit Hub

CDE(s): WesBanco

Nonprofit Development Corporation is renovating a space to accommodate its growth and provide more services.

Womens Center and Shelter

Pittsburgh,
PA
(2015)

Adult Education, Behavioral Health, College or Vocational Training, Community, FQHCs, Healthcare, Shelters and Community Food

CDE(s): Commonwealth Cornerstone Group, Pittsburgh Urban Initiatives

Pittsburgh's Women's Center and Shelter's expansion to 48 beds from the existing 36, enhance living spaces, administrative areas and therapy resources, while enlarging the facility's children's areas and creating shelter

Alphabet City

Pittsburgh,
PA
(2015)

Affordable Housing, College or Vocational Training, Community, Historic Rehabilitation, Housing, Mixed-use, Retail, Retail and Commercial, Theaters and Performing Arts Spaces, Vocational Training

CDE(s): Pittsburgh Urban Initiatives, PNC

City of Asylum Pittsburgh is a Pittsburgh nonprofit organization that was co-founded by Henry Reese and his wife Diane Samuels in 2004 with the goal of creating a thriving community

West Philadelphia Institute

Philadelphia,
PA
(2019)

Adult Education, College or Vocational Training, Community, Healthcare, Historic Rehabilitation, Library, Retail, Vocational Training

CDE(s): PIDC Community Capital

This project involved the historic renovation of a 3-story, sq. ft. commercial office building.