Howard Theatre
Investment - NMTC
Location
Washington, D.C.
Closing Year
2011
Sponsor Developer
Howard Theatre Restoration, Inc.
Project Type
Historic Renovation
Public Partner
District of Columbia
Size
22.4K SF
UA NMTC Allocation
$5 Million
Built in 1910, the Howard Theatre is the oldest major African American Theatre in the United States. Together with Howard Theatre Restoration, Inc., Urban Atlantic leveraged NMTCs to fund the $26 million historic restoration of the theatre. This included the full restoration of the façade to its 1910 appearance, excavation of a fully functional basement and construction of a three-story addition on the rear of the building. The Howard Theatre restoration acted as a catalyst for additional development in the neighborhood. Urban Atlantic's $5 Million Allocation leveraged over $27 Million in project costs.
