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ACT Strand (2013)

San Francisco, CA

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NMTC Amount: $34,753,000

Est. Total Project Cost: $35,722,204

COMMUNITY IMPACT

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.

Project financing transformed a dilapidated and abandoned theater into a vibrant performing arts and education center. Redevelopment creates 75 construction and permanent jobs. The new A.C.T. Theater is inspiring the diverse community in a severely distressed area of San Francisco.

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