International Civil Rights Center & Museum (2009), Greensboro, NC

COMMUNITY IMPACT

Construction of the International Civil Rights Center & Museum (Museum) in Greensboro, N.C., received a much needed financial injection from U.S. Bancorp Community Development Corporation (USBCDC), which provided tax credit equity financing that combined $28 million of New Markets Tax Credit (NMTC) allocation authority from its Community Development Entity (CDE) USBCDE, LLC and partner CDE Stonehenge Community Development, LLC (Stonehenge). USBCDC’s tax credit equity financing will fill a critical funding gap after more than a decade of fundraising and building to ensure the Museum opens on February 1, 2010, commemorating the 50th anniversary of the Greensboro sit-in when four African-American freshmen from North Carolina A&T University sat down at a “white’s-only” lunch counter. Their courageous actions sparked a movement which defined a battle for equality, justice, and civil rights in America.

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

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