Berks County Trust Building

Investment

  • NMTC Amount: $8,000,000
  • Total Project Cost: $15,472,634

IMPACT

  • 219 FTE jobs
  • 63 construction jobs
  • 39 housing units created
  • 40,000 sq. ft. of real estate

Investor

Project Description

The project renovates the historic and long-vacant Berks Trust building as well as the adjacent office building. The combined space houses a 22-unit incubator space for food entrepreneurs, office space for mission-aligned organizations including a large multi-services nonprofit serving Reading’s low-income Latinx population and the first credit union to enter the Reading market in a generation, as well as 39 units of affordable housing. The building will also offer a permanent home to the Reading Farmer’s Market, which has been offered only in spring/summer months due to the lack of an appropriate indoor space. The market serves a disproportionately low-income and elderly population with fresh, locally grown produce, meats, and prepared foods, which would now be available year-round.

MAP

Address: 35 North Sixth Street, Reading, PA 19601

Census Tract: 42011000100

Other Pennsylvania Projects

A new supermarket in an area where more than 15,000 residents did not have adequate access to a full-service supermarket.

NMTCs helped Shuman Development Group convert a 45,288 sq. ft. building into a mixed-use retail shopping center. The property had been vacant for several years. The building now houses a

Part of a larger initiative by Widener University to invest in its community, University Crossings is a state-of-the-art mixed-use development adjacent to its Chester, PA campus.

ERF allocation helped finance the purchase and installation of equipment, as well as provide working capital for the Charter School. The overall project will finance the redevelopment of a 36,000-sf