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

Wood Street Commons

Pittsburgh,
PA
(2014)

Historic Rehabilitation

CDE(s): Pittsburgh Urban Initiatives

Wood Street Commons is a 16 floor building, with floors 1-6 designated for commercial office space and floors 7-16 providing housing for single men.

421 7th Avenue

Pittsburgh,
PA
(2009)

Community, Historic Rehabilitation, Mixed-use

CDE(s): Commonwealth Cornerstone Group

The 421 Seventh Avenue building is located on a prominent corner in the Pittsburgh Central Downtown Historic District, which is listed in the National Register of Historic Places of the

Logos Academy and LogoWorks

York,
PA
(2022)

Vocational Training, Youth and Families

CDE(s): United Fund Advisors

The renovation of a former car dealership and construction of a new multipurpose facility at a site located across the street from the existing Logos facility.

Bok

Philadelphia,
PA
(2018)

Historic Rehabilitation, Makerspace, Nonprofit Hub

CDE(s): PIDC Community Capital, The Reinvestment Fund

Adaptive reuse of a 218,000 sq. ft. former technical school into a small business hub focusing on local makers and artisans, who utilize the technology and infrastructure of the technical