Abraham Lincoln Tower

New Markets Tax Credit Coalition

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

Career and Advanced Technology Center at the Community College of Philadelphia

Philadelphia,
PA
(2020)

Adult Education, Auto Manufacturing, Business Development, College or Vocational Training, Community, Incubator, Manufacturing

CDE(s): Locus Impact Fund, The Reinvestment Fund, USBCDE

Finances a 75,000-sq. ft. Career and Advanced Technology Center at the Community College of Philadelphia’s West Philadelphia Regional Campus.

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.

Provident Public Health Center

Philadelphia,
PA
(2020)

Adult Education, Behavioral Health, Children's Hospital, College or Vocational Training, Community, Daycare and Early Childhood, Dental Services, FQHCs, Healthcare, Historic Rehabilitation, Youth and Families

CDE(s): Dudley Ventures, National Trust Community Investment Corporation

Provident Public Health Center is the renovation of the historically significant Provident Mutual Life Insurance Building which has been vacant for over 20 years, into a medical campus in a

Pittsburgh Glass Center

Pittsburgh,
PA
(2022)

Manufacturing, Vocational Training

CDE(s): Building America CDE, MBS Urban Initiatives

The project involves the $12.2 million renovation and/or expansion of two buildings supporting the work of the Pittsburgh Glass Center (“PGC”), a local nonprofit, public-access education center, art gallery and