The Arthur Flemming Center
District of Columbia | The following is one of the success stories of the National Trust`s Community Partners (CP) program. Other case studies are available from their website:
http://www.nationaltrust.org/community_partners/ | Posted: 08/04/2003
The Arthur Flemming Center recently opened in Washington D.C.`s Shaw neighborhood, thanks in part to a $433,663 historic tax credit equity investment by the Banc of America Historic Tax Credit Fund. The project is an adaptive re-use of three formerly vacant residential rowhouses into approximately 13,000 square feet of office space for use by the developer, Emmaus Services for the Aging and other nonprofit organizations that provide various social services to the community. In addition, a portion of the space will be used as a gathering place for seniors that reside in the area. The buildings are contributing structures to the Shaw Historic District, the District`s most historically significant African-American neighborhood.
The Flemming Center project is also eligible for the New Markets Tax Credit, making it one of the first combined historic/New Markets projects structured by the National Trust`s for-profit subsidiary (managed by Community Partners). The New Markets Tax Credit equity is valued at approximately $100,000. In addition, the project received a $10,000 façade improvement grant from the Washington Convention Center Authority`s Historic Preservation Fund, which is also managed by CP.
For more information contact:
National Trust for Historic Preservation
1785 Massachusetts Avenue, NW
Washington, DC 20036