Project Type(s): Arts, Community, Historic Rehabilitation, and Theaters
Project Year: 2013
CDE(s): Clearinghouse CDFI, Northern California Community Loan Fund, and San Francisco Community Investment Fund
NMTC amount: $34,753,000
Total Project Costs: $35,722,204
American Conservatory Theater (A.C.T.) is a nonprofit theater company operating in San Francisco. A.C.T.’s performance, education, and outreach programs benefit over 250,000 people annually. Clearinghouse CDFI provided $14.6 million of NMTC allocation and $2.4 million of Historic Tax Credits for this $35.6 million project. A dilapidated and abandoned theater will be transformed into a vibrant performing arts and education center. Redevelopment will create 75 construction and permanent jobs. The new A.C.T. Theater will strengthen and inspire the diverse community in a severely distressed area of San Francisco.