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

Esperanza Community Wellness Center

Philadelphia,
PA
(2021)

Addiction Treatment, Behavioral Health, Brownfield Remediation, Community, FQHCs, Healthcare

CDE(s): Nonprofit Finance Fund, PNC

The project developed a vacant brownfield lot into a 21,000 sq. ft. wellness cente providing services to 14,500 patients.

East Liberty Portal

Pittsburgh,
PA
(2014)

Brownfield Remediation, Infrastructure, Retail, Transit Oriented Development, Transportation and Ports

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

The revitalization of a major gateway into the East Liberty neighborhood, which has been undergoing a major transformation after years of blight.

Penn Highlands/DuBois Regional Medical Center

DuBois,
PA
(2020)

Behavioral Health, Community, Healthcare, Hospitals and Emergency Services, Rural

CDE(s): Chase, Community Hospitality Healthcare Services, Primary Care Development Corporation

Construction of a new three-story, 51,700 SF behavioral health facility in the rural community of DuBois, PA.

Uniontown Hospital

Uniontown,
PA
(2021)

Hospitals and Emergency Services

CDE(s): WesBanco

NMTC financing helped hospital secure purchase and install a new software system.