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First National Rehab

Olean, NY (2020)

The First National Project will renovate the historic former headquarters of the 1915 First National Bank and an adjoining and Siegel’s Shoes buildings located in rural NY.

COMMUNITY IMPACT

FINANCING SOURCES

PROJECT LOCATION

Project Description

The First National Project will renovate the historic former headquarters of the 1915 First National Bank and an adjoining and Siegel’s Shoes buildings located in rural NY. The project will lease space to two local organizations: the Council on Addiction Recovery Service (‘CAReS”) and the Olean Gallery and provide an additional 4,000 square feet of high visibility retail space. The project will also create 23 market rate housing units, 5 of which will be rent restricted, in downtown Olean, an area currently starved for quality urban housing.

Addiction Treatment

Arts

Community

Healthcare

Mixed-use and Commercial

Retail

Rural

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Site map

Address & Social Media

The New Markets Tax Credit Coalition
1155 15th Street NW, Suite 400
Washington, DC 20005
202-393-5225