IMPACT.

Take a walk through downtown Cleveland and its neighborhoods, and you will see it - evidence of the positive impact that Cleveland Development Advisors, in collaboration with private, public and civic partners, has had on our city.

Keep walking and watching. We're going to continue investing in catalytic projects in Cleveland - in its neighborhoods, its businesses, and its big ideas.

Because that's how real impact is made.

The road signs say it's working.

Click here to watch the CDA video.

In the News

Cleveland New Markets Investment Fund II

Cleveland Development Advisors (CDA) is proud to announce its recent award of a $25 million allocation of New Markets Tax Credits through the United States Department of Treasury, Community Development Financial Institutions (CDFI) Fund.

This additional allocation will go a long way in leveraging funds for local development and advancing CDA's mission to provide gap financing towards projects in Cleveland's downtown and neighborhoods. Opportunities exist in the areas of arts and culture, office, retail, live/work space, hospitality and new residential neighborhoods that complement and provide connectivity to Cleveland's major strengths: world-renowned medical facilities, institutions of higher education, arts and culture and the business community.

This is the second allocation received by CDA. In 2003, CDA secured a $15 million award as one of the first recipients of NMTC, leveraging more than $400 million of public and private investment for catalytic economic development projects including: the East 4th Street Neighborhood, the Nottingham Spirk Innovation Center, the Avenue District, the Detroit Shoreway neighborhoods Battery Park development and the Arbor Park Plaza.

Read the full press release: $25 Million New Markets Tax Credit Allocation Award