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Four Blair County projects will receive a combined $794,500 in tax credits through Pennsylvania's Neighborhood Assistance Program, the Altoona Blair County Development Corp. announced. ABCD Corp. provided technical assistance for two of the projects.
-- Greystone Metro LLC received $250,000 in Enterprise Zone Program tax credits to redevelop the former Penn Central building in downtown Altoona into 25 market-rate apartments and 6,000 square feet of commercial space.
-- The Greater Altoona Economic Development Corp. received $522,500 in Neighborhood Partnership Program tax credits for the second year of an initiative supporting the city's comprehensive plan through private-sector contributions.
-- The Nehemiah Project Inc. received $13,000 in Neighborhood Assistance Program tax credits to renovate aging bathrooms at The Wright Place, improving safety, accessibility and comfort for those served by the facility.
-- The Center for Community Action received $9,000 in Special Program Priorities tax credits to support housing counseling services focused on financial literacy, tenant education and housing stability.
"These investments reflect the power of public-private partnerships and a shared commitment to strengthening Blair County," said Stephen McKnight, ABCD Corp. president and CEO.