New Markets Tax Credit Coalition

The Imperial Building

Investment

  • NMTC Amount: $6,200,000
  • Total Project Cost: $6,200,000

IMPACT

  • 42 FTE jobs
  • 100 construction jobs
  • 37,000 sq. ft. of real estate

Project Description

This project is a renovation of 4 businesses (Realtor, Pharmacy, and Chiropractor in the Imperial Building. Additionally 12 market rate apartments & 4 subsidized apartments were created.

MAP

Address: 110 3rd Street, Henderson, KY 42420

Census Tract: 21101020401

Other Kentucky Projects

Construction of two buildings on Midland Avenue and East Third Street, in the East End neighborhood of Lexington, Kentucky.
NMTC financing helped position a retail center for local sellers position itself for growth.
Investment in manufacturing start-up providing an economic boost for distressed rural Appalachian communities of Kentucky and Tennessee.
Financing for a much-needed medical clinic and grocery store.