Project Type(s): Hotel and Mixed-Use
Project Year: 2017
CDE(s): Community First Fund
NMTC amount: $8,002,500
Total Project Costs: $6,318,244
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.