Providence Public Library

New Markets Tax Credit Coalition

Providence,
RI
(2018)

Providence Public Library

Community, Daycare and Early Childhood, Library, Youth and Families

Providence Public Library used NMTC financing a $25 million renovation of its library in Providence.

Investment

NMTC Amount: $15,500,000
Total Project Cost: $25,000,000

IMPACT

80 FTE jobs
144 construction jobs
83,000 sq. ft. of real estate

CDEs

Building America CDE, Consortium America

Investor

Chase

Project Description

Providence Public Library announced Sept. 13 $4.2 million in NMTC equity and $1.6 million in C-PACE financing for the $25 million renovation of the Providence Public Library, in Providence, R. I. Funding addresses required life safety systems upgrades while making major infrastructure improvements to downtown buildings. The 83,000-sq. ft. project transforms the library’s 1950s wing, auditorium and special collection areas to provide 21st-century library services.

MAP

Address: 150 Empire Street, Providence, RI 2903

Census Tract: 44007000800

PDF Profile

Site Visits

Other Rhode Island Projects

Providence Community Health Center

Providence,
RI
(2021)

Behavioral Health, Community, FQHCs

CDE(s): Community Health Center Capital Fund, Primary Care Development Corporation

New construction of a 26,600 sq. ft. facility , which is PCHC’s 12th health center site.

Central Falls Neighborhood Health Center

Central Falls,
RI
(2017)

Community, FQHCs, Healthcare

CDE(s): Local Initiatives Support Corporation, Morgan Stanley

A new $15-million community health center projected to more than double the number of residents served in Rhode Island’s smallest and poorest city.

American Locomotive

Providence,
RI
(2007)

Community, Daycare and Early Childhood, Historic Rehabilitation, Mixed-use, Youth and Families

CDE(s): Chevron NMTC Fund, Local Initiatives Support Corporation

The project is an adaptive reuse of the American Locomotive Works site in Providence, RI.

Community Music Works

Providence,
RI
(2023)

CDE(s): MHIC, PNC

Construction of a new 22,700 sq. ft. community center and music education facility with practice rooms, sound lab, music performance hall, lobby/cafe and lounge. The project will create cohesive urban