March 1, 2022 Cleveland Development Advisors, announced that nearly $20 million of an available $50 million in federal New Markets Tax Credits have been finalized for use to help fund two local projects.
Cleveland nonprofits look to bring Equitable Development Initiative to the city
February 6, 2022 Two Cleveland nonprofits hope to help minority real estate developers scale up, with a new training program that, they say, must be part of a broader systemic shift.
Cleveland Development Advisor’s 2022 Investor Report
See how CDA continued to promote inclusive and thriving neighborhoods in Northeast Ohio in 2021 by providing innovative financing solutions and technical assistance to catalytic real estate and business development projects.
Greater Ohio Policy Center provides second annual update on Opportunity CLE Neighborhoods initiative
GOPC's report provides JPMorgan Chase, the field and the broader public with a greater understanding of CDA and Finance Fund Capital Corporation's (FCAP) Opportunity CLE Neighborhoods initiative.
Western Reserve Land Conservancy buys 28-acre lakefront property with funding from Cleveland Development Advisors
December 6, 2021 CDA is providing a $4.5 million long-term loan to Western Reserve Land Conservancy that will enable them to acquire the Euclid Beach Mobile Home Park, spanning 28 acres of lakefront land along the Cleveland-Euclid border. Efforts to acquire the...
Cleveland Development Advisors Loan Supports First Multi-Story Mixed-Use New Construction in Detroit Shoreway in a Century
October 13, 2021 Cleveland Development Advisors (CDA), an affiliate of GCP, has provided a $2.4 million subordinate loan to the Waverly & Oak development in Cleveland’s Detroit Shoreway neighborhood. The loan advances CDA’s goal of supporting catalytic projects...
Glenville CircleNorth helps Black-owned businesses survive and thrive
August 11, 2021 While the coronavirus was wrecking lives and the global economy, locally, creative efforts were underway to keep the shine on Glenville Circle North, one of the neighborhood’s newest prize assets.
Cleveland Development Advisors awarded $50 million in Federal New Markets Tax Credits
September 10, 2021 Cleveland Development Advisors (CDA) was awarded $50 million in federal new markets tax credits (NMTCs) by the U.S. Treasury Department on September 8, 2021.
Electric Gardens Takes Advantage Of Downtown Skylines And The Towpath Trail
January 13, 2021 Electric Gardens may be the kind of slick, glassy apartment building we want to spend more time in as part of our potential work-from-home world, but the J Roc Development and DiGeronimo Companies project in Tremont offers a quick natural escape as...
OPEN ACCESS/REAP Selects Inaugural Candidates for Community Development Finance
January 25, 2021 The Open Access/REAP Program announced the selection of 23 professionals for a pilot, all-virtual Open Access Fellowship Program in community development finance. The fellowships will run through Friday, April 16, 2021. The fellows were chosen from a...