We did the first NMTC deal in Philadelphia. The $17.5 million investment was part of a $55 million investment in a new retail center that included a 60,000 square foot supermarket and Lowes Home Improvement. It created over 700 jobs and was refinanced in 2017. The property is 100% leased and income continues to be reinvested in the community.

James Burnett, Executive Director, West Philadelphia Financial Services Institution, on the project.