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Reading, PA (2017)

Abraham Lincoln Tower

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.

Investor

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

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

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