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] National Trust Community Investment Corporation and the Philadelphia Industrial Development Corporation today announced the closing of New Markets Tax Credit (NMTC) financing for the adaptive reuse of a factory complex in the South Kensington neighborhood of Philadelphia.
The National Trust for Historic Preservation's for-profit subsidiary, the National Trust Community Investment Corporation, has partnered with Tax Credit Capital, LLC of New Orleans to expand the former Small Deal Fund, founded in 2002, into the National Trust Small Deal Fund.
Department of the Treasury's Community Development Financial Institutions (CDFI) Fund-to the project through its for-profit subsidiary, the National Trust Community Investment Corporation (NTCIC).