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Cleveland Development Advisors finalizes projects using $20 million in federal tax credits

Cleveland Development Advisors finalizes projects using $20 million in federal tax credits

by administrator | Jul 19, 2022 | Home page featured news, News and Media

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

Cleveland nonprofits look to bring Equitable Development Initiative to the city

by administrator | Jul 19, 2022 | News and Media

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

Cleveland Development Advisor’s 2022 Investor Report

by administrator | Jul 19, 2022 | Home page featured news, News and Media

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

Greater Ohio Policy Center provides second annual update on Opportunity CLE Neighborhoods initiative

by administrator | Jul 19, 2022 | Home page featured news, News and Media

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

Western Reserve Land Conservancy buys 28-acre lakefront property with funding from Cleveland Development Advisors

by administrator | Jul 19, 2022 | News and Media

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

Cleveland Development Advisors Loan Supports First Multi-Story Mixed-Use New Construction in Detroit Shoreway in a Century

by administrator | Jul 19, 2022 | News and Media

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

Glenville CircleNorth helps Black-owned businesses survive and thrive

by administrator | Jul 19, 2022 | News and Media

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

Cleveland Development Advisors awarded $50 million in Federal New Markets Tax Credits

by administrator | Jul 19, 2022 | News and Media

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

Electric Gardens Takes Advantage Of Downtown Skylines And The Towpath Trail

by administrator | Jul 19, 2022 | News and Media

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

OPEN ACCESS/REAP Selects Inaugural Candidates for Community Development Finance

by administrator | Jul 19, 2022 | News and Media

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...

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