Historic Tax Credits

$2.7 Million Federal
$3.4 Million State

New Markets Tax Credits

$10 Million

Total Project Cost

$16.8 Million

Project Partner

YWCA of Wheeling

Impact

Social Services, Healthcare Access

History

A Century of Support

Wheeling, West Virginia, has a rich tapestry of history as the state’s first capital. Nestled in the foothills of the Appalachian Mountains along the Ohio River, Wheeling was an industrial powerhouse known as the “nail city,” supplying cut nails to the entire nation. By 1910, the city’s population surged to over 41,000, and its thriving industry played a pivotal role in supporting World War I. However, at this time, Wheeling, like many American cities, was under the shadow of segregation, with Jim Crow laws deeply ingrained into the societal fabric and dictating accessibility to locations and services based on race. Amidst this complex socio-political landscape, the YWCA Wheeling was established in 1906, initially operating from a rented space on an adjacent block before construction on their permanent and current location at 1100 Chapline Street was completed in 1915.

Despite the segregation laws of the time, the YWCA Wheeling emerged as a beacon of progressive ideals. While not untouched by the era’s legal constraints, the organization made it a priority to champion equal access regardless of race. In their early years, they actively campaigned and fundraised to extend their protective services and advocacy to African American girls and women, serving as a testament to their commitment to social justice.

By 1921, the YWCA Wheeling successfully established the Blue Triangle Branch in a neighboring building to serve the African American members of the community. Both organizations worked together serving the women and children of Wheeling until 1956 when the YWCA integrated the Blue Triangle Branch into its Chapline Street headquarters.

For more than a century, the YWCA Wheeling has been operating from this historic location, growing its programs, and continuing to support the women and families of Wheeling. The building, steeped in history and resilience, now requires essential repairs and upgrades to ensure the YWCA can continue its mission into the future.

Wheeling YWCA Exterior
Revitalization Efforts

A Historic Building for the Modern Age

The renovation of the century-old YWCA Wheeling building will enhance the quality of life for employees, residents, and community members, increase capacity for essential programming, and ensure the YWCA’s sustainability in its mission to provide vital services for women and families in need. Prior to renovations, the YWCA served about 7,400 participants each year.

In undertaking this project, the YWCA continued its long history of progressive action and service to the Ohio Valley. The renovation of the YWCA facility not only preserves a piece of Wheeling’s history but also ensures that the building continues to function as a vital resource for women and families in the area.

Community Impact

A Thriving Community Asset

The YWCA Wheeling, which has not seen a major upgrade since its initial construction, is poised to make a transformative impact on the program participants, organization employees, and the local community with this renovation.

Construction efforts generated an estimated 67 positions, 85% of which were accessible to those facing barriers to entering the workforce. The renovated facility will enable the YWCA to add 7 new positions in addition to its current staff of 33.

Additionally, the building has new and upgraded systems, including a new elevator which will replace the one that has been in use since 1969, updated lighting and plumbing for better energy efficiency, and a brand new HVAC system. The renovation of the programmatic, residential, and shelter spaces provides an estimated 20% increased capacity by adding 14 rooms that are even more comfortable and inviting for program participants and will enable the YWCA to support an additional 1,200 people each year.

Upgraded Infrastructure

New heating and electrical systems and a new elevator for efficiency and ease.

Expanded Programming

Supporting an additional 1,200 people annually

Expanded Shelter and Rooms

14 new shelter and residence rooms added

Job Creation

67 construction jobs created
40 permanent jobs created/retained

NTCIC & Progress

Financing the Project

NTCIC provided a $10 million New Markets Tax Credit (NMTC) allocation for the project and facilitated the investment for all real estate tax credits within the transaction, including both state and federal Historic Tax Credits (HTCs) and the NMTCs.

The swift closing facilitated by NTCIC enabled the YWCA to begin construction promptly, limiting program disruption and enabling the organization to quickly expand its crucial services and provide a safe haven for women and families at risk.

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Wheeling YWCA Exterior

New Markets Tax Credits

$5 Million

Total Project Cost

$10 Million

Project Partner

Cross Street Partners

Impact

Workforce Development, Sustainability

History

A Global Canning Industry is Formed

Phillips Packing House Historic Image

Nestled between the waters of Chesapeake Bay and the farmland of the Eastern Shore, The Phillips Packing Company utilized these nearby resources to become a leading cannery in the United States. As the company grew, it acquired its final building in 1930, one of the largest factories in Cambridge, Maryland. “Factory F,” as it was known, became the headquarters for the company’s successful tomato operation, where they soon became a global name as the largest producer of canned tomatoes in the world.

The company also extended its goods to the war effort, becoming the main supplier of individual canned and pre-cooked meals (known as C-rations) to soldiers during World Wars I and II. In the 1930s, it also supplied food and provisions to Antarctic explorers. These successes put Cambridge on the map, and the community reaped the benefits.

At one point, the Phillips Packing Company employed about a quarter of the population of Cambridge. It was also one of the few desegregated employers; anyone and everyone was welcome to work in the hustle of the factories.

The Phillips Packing Company continued to be an economic staple, eventually expanding into trucking and oil before it was finally sold to Consolidated Foods (now a Sara Lee Corporation) in the 1960s. Factory F was the only remaining production building from the Phillips Packing Company empire.

New space at the Packing House
Revitalization Efforts

A New Generation

The historic warehouse has become the Packing House and will continue its legacy of the Chesapeake by creating an environmentally sustainable space for emerging entrepreneurs, workforce development, and aquaculture.

The Packing House provides space for local businesses supporting Chesapeake Bay revitalization efforts, commercial kitchen opportunities for food business startups, and workforce development training opportunities for individuals seeking new employment.

Community Impact

A Thriving Community Asset

The Cambridge community is once again benefiting from jobs created from within The Packing House. The extensive construction and preservation efforts generated 110 construction jobs, and as the tenant businesses grow in their new spaces, they’ll create and retain a projected 161 permanent jobs. 100% of the construction and permanent positions will be quality, well-paying jobs targeting and supporting the community.

The tenants of the building are dedicated to giving back to the community through various programming and support. The Maryland DHCD operates a Community Engagement Center within the Packing House to host training and certification programs for residents, including holistic health, continuing education in the medical field, farming certifications, and landscaping certifications.

MERGE is focusing on career growth support by operating one of Cambridge, Maryland’s few incubation hubs and shared office space, with a focus on education.

The new collaborative space will support an estimated 50 entrepreneurs each year. Several active MERGE members, such as the Dorchester Foundation, are community-oriented and operate youth employment programs targeting low-income families.

Food entrepreneurs will also benefit from the new space, with Four Eleven Kitchen offering classes, support, and training in its food concept spaces. Four times a year, it will offer six—to eight-week programs for six young chefs (24 annually). The Four Eleven Kitchen will also offer an additional 10–20 food concept production platforms for others looking to try their hand in the kitchen.

All of this and more will take place in the newly renovated Packing House. This historic, 60,000-square-foot industrial warehouse has been awarded LEED Gold certification for meeting high standards in energy efficiency, water conservation, and material reuse. It is projected that the restored Packing House will conserve 148.9 MWh of electricity each year, equivalent to the amount of energy used when burning 120,000 lbs. of coal.

Chesapeak Bay Restoration

Blue Oyster Environmental donates processed oyster shells to support spawning and environmental remediation

Food Startups

24 young chefs supported annually at Four Eleven Kitchen
10-20 food concept production platforms supporting new food training

Entrepreneurial Support

50 entrepreneurs supported annually at MERGE offices

Job Creation

110 construction jobs created
161 permanent jobs created/retained

Environmental Impact

LEED Gold certified construction
Conserving 150 MWh of Electricity Annually

NTCIC & Progress

Financing the Project

The $10 million phase II of the historic restoration of the Packing House was made possible through public and private financing, including a $5 million New Markets Tax Credit allocation from NTCIC. This critical funding will ensure the tenants’ spaces are activated so they can grow and support more members of the surrounding community.

Additional Phase II funding sources included Historic Tax Credit equity and $2.5 million in additional NMTC allocation from U.S. Bancorp Community Development Corporation. Phase I of the Packing House development, totaling $26 million in development costs, began in 2021 and was completed in 2023.

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Federal Historic Tax Credits

$1.3 Million

New Markets Tax Credits

$7.5 Million

Total Project Cost

$13.4 Million

Project Partner

SHVF Developer

Impact

Education Access

History

Holloway Street Public School

The Holloway Street Public School was opened in 1928 consisting of a historic 48,000-square-foot building with a non-historic 5,250-square-foot gymnasium. It was originally constructed as a three-story elementary school and operated as such until the mid-1990’s, when the public school system closed the facility and sold it. Until 2015, the school and gymnasium remained vacant.

From Vacant to Vibrant
Revitalization Efforts

From Vacant to Vibrant

The substantial rehabilitation of the former Holloway Street School into the KIPP Durham Charter School (KIPP Durham) in 2016 created an academically rigorous college preparatory program. KIPP is a national network of 200 free, open-enrollment, college-preparatory public charter schools dedicated to preparing students in distressed communities. KIPP Durham is the fifth school in the KIPP Eastern North Carolina (ENC) network whose mission is to empower all students with the skills, knowledge, and character necessary to succeed in the colleges of their choice and strengthen their community.

The KIPP Durham School includes classrooms, an auditorium, a gymnasium, a multi-use courtyard, and school-related administrative offices. The renovation also features a new attached wing of approximately 6,900 square feet bringing the total project size to over 60,000 square feet. In addition to learning space, there are 60 on-site parking spaces for teachers and other employees at the school.

The project is located in a census tract that meets severely distressed criteria which qualified it for New Markets Tax Credits (NMTC), financed by NTCIC in addition to the federal Historic Tax Credit (HTC), brokered by NTCIC and financed by other financial partners. Due to the NMTC financing for KIPP Durham, the School has been able to receive below-market rent, one of the many essential aspects to allow the school to operate successfully.

Community Impact

Set Up for Success

KIPP Durham opened in August of 2016 with a founding class of 90 fifth and sixth graders and will ultimately serve 600 students in fifth through eighth grade. The establishment of KIPP Durham has saved neighborhood children from a 40-minute commute across town to an underperforming public school. The school provides transportation to all students and provides free breakfast and lunch as all of the children are eligible for free or reduced meals.

25 construction jobs were created; 65 full-time equivalent positions

have been created for teaching, administrative, office, and custodial staff along with school bus drivers and part-time specialists. Ten Durham City part-time positions have been contracted for maintenance, janitorial, and operational services. Opportunities for professional development and advancement are available for all teaching, office, and custodial staff. KIPP has dedicated its hiring efforts to identify members of their team who are passionate about teaching and committed to helping low-income students and families in the greater Durham community succeed in college and beyond.

Students Served

600

Construction Jobs Created

25

Permanent Jobs Created

65

Part Time Jobs Created

10

NTCIC & Progress

Economic Impact

The investment made into KIPP Durham has not only affected current students and their families but is extending to the community at a multigenerational level, broadening its reach within the Durham community. The School is located in an area with a poverty rate of 44% and an unemployment rate of 19%, 3 times greater than the national average. It is also the focus of the City of Durham’s Poverty Reduction Initiative, serving as a catalyst for further public, private, and philanthropic revitalization efforts. One of the strongest neighborhood stakeholders is East Durham Children’s Initiative, which works with community partner organizations to create a pipeline of high-quality services from birth through high school graduation for children and families living in the East Durham area. Teach for America plans to host training sessions at KIPP Durham to help recruit more quality teachers to the greater Durham area. The Durham Police Department has also expressed interest in partnering with the School.

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Federal Historic Tax Credits

$4 Million

New Markets Tax Credits

$10 Million

Total Project Cost

$28.4 Million

Project Partner

Cross Street Partners

Impact

Workforce Development
Education Access

A History in Print
History

A History in Print

The Hoen & Co. Complex, originally constructed in 1885 in Baltimore, MD, is the last remaining site of the oldest continuously operating lithographer in the United States. Known for their precision and high-quality work that elevated the medium, the Hoen & Co. lithographers specialized in cartographic, scientific, and pictorial illustration, producing maps that were influential in the settlement of the West and setting national boundaries. Their maps were used in the National Geographic Society’s first bound atlas and comprised the full collection of insert maps in the National Geographic magazine. They also frequently partnered with the Johns Hopkins University Department of Art as Applied to Science in the creation of extraordinarily detailed medical illustrations.

The company succumbed to bankruptcy in 1981 after the pressure of a decline in business and a rise in cost-effective digital options. The buildings sat vacant until they were acquired by the City of Baltimore and sold to the collaborative team leading the current redevelopment.

A communal space within the revitalized Hoen Lithograph building
Revitalization Efforts

The Center for Neighborhood Innovation

Completed in 2020, the 86,000 square foot former lithograph printing facility is now the Center for Neighborhood Innovation (CNI), a new model for community transformation. It co-located workforce development programs, educational training, neighborhood revitalization advocates, and nonprofits committed to strengthening the local neighborhood.

Hoen is now home to several impactful nonprofit, university programs, businesses, and workforce development programs helping to expand opportunities in Baltimore’s east side communities.

Community Impact

Creating Opportunities in East Baltimore

The revitalized Hoen Lithograph building, which completed construction in 2020, is now a thriving hub of innovation, workforce training, research and opportunity in East Baltimore. The building now supports hundreds of students working to address health inequities in their communities, community members looking to expand their

employment opportunities, and creative minds helping to highlight Baltimore as a powerhouse in the entertainment industry. Workforce training programs located at Hoen Lithograph support 575 students each year, while social service programs support 2,500 annual visits.

575

Annual Workforce Training Participants

2,500

Annual Social Service Clients

60%

Returning Citizen Participation of Project Jumpstart

86,000

Square Feet of Historic Space Restored

NTCIC & Progress

Financing the Project

NTCIC provided $10 million in New Markets Tax Credit allocation and an equity investment in the $4 million in Federal Historic Tax Credits generated by the project, making the $28.4 million rehabilitation of the Hoen Lithograph building possible. These investments enabled the transformation of a vacant historic building into the Center for Neighborhood Innovation, provide below-market rents to impactful organizations that help change lives and support community revitalization.

The project leveraged NMTC and HTC equity alongside loans, grants, and sponsor equity, reducing the need for traditional debt. Construction created 50 quality jobs, while the completed complex supports nearly 300 permanent full-time equivalent (FTE) positions, as well as 3,100 program participants each year.

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