Community First Fund NMTC Allocation Project Featured in Industry Publication
Lancaster, PA (July 18, 2017) – A major revitalization project currently underway in the heart of Reading Pennsylvania is featured in the latest issue of the Novogradac Journal of Tax Credits.
Earlier this year, Community First Fund provided Shuman Development Group with a New Markets Tax Credit (NMTC) allocation for the extensive renovation of the former, historic Abraham Lincoln Hotel located in downtown Reading. The Lincoln Towers revitalization project is transforming the old hotel into a vibrant, mixed-use complex that will contain 98 affordable-rate apartments, 10 retail spaces and an adjacent 310-spot parking garage.
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