NTCIC is happy to announce the successful financing of three historic projects through the Irvin Henderson Main Street Revitalization Fund. This fund supports main street revitalization efforts by providing financing through the New Markets Tax Credit (NMTC) and Historic Tax Credit (HTC) to community development initiatives that would otherwise not be able to utilize these incentives.
Once complete, these historic and long-vacant buildings will become new focal points for their neighborhoods and both welcoming and engaging places for their communities.
Learn more about these incredible historic preservation and community development projects below!
Crescent Commons
Cortland, NY
The Crescent Corset Company factory in Cortland, New York, was one of the leading employers for women in the region. This multi-phase project transformed the long vacant building into a new headquarters for a nonprofit mental health counseling organization specializing in mental health support and drug dependency counseling, as well as the city's LGBTQ+ community center. | Crescent Commons
Newark Arts Commons
Newark, NJ
The original St. Michael’s Hospital, established by the Franciscan Sisters of the Poor in 1869, will soon become the Newark Arts Commons, a center for arts education and creative co-living. It will become the new home of nonprofit art organizations and affordable studio space for local makers and artists. | Newark Arts Commons
Academy Lofts of Adair Park
Atlanta, GA
The George W. Adair School, constructed in 1912 at the heart of the Adair Park neighborhood in Atlanta, Georgia operated as both a school and a community gathering center for nearly 60 years. It will be transformed into the Academy Lofts of Adair Park, a space where creatives, artists, and entrepreneurs will live, work, and interact with each other and their local communities. | Academy Lofts of Adair Park