CDA has allocated $10 million in New Markets Tax Credits to Cleveland Kitchen to consolidate & expand its production facility in the Central Kitchen Food Hub, a food incubator in the Midtown neighborhood.
Cleveland Institute of Art Interactive Media Lab
Cleveland Development Advisors provides boost to CIA’s new media lab
(CDA) has closed on $8 million in Federal and Ohio New Markets Tax Credit (NMTC) allocations for the Cleveland Institute of Art’s $12.7 million state-of-the-art Interactive Media Lab.
CentroVilla25 secures NMTCs from Cleveland Development Advisors to help transform Clark-Fulton neighborhood into a vibrant Latino cultural hub.
Cleveland Development Advisors closed on financing for CentroVilla25, providing $10.5 million of federal new markets tax credits (NMTC) allocation, $1 million of state NMTCs, and $612,891 capital campaign bridge loan.
Midtown Collaboration Center receives $10 million New Markets Tax Credit allocation from Cleveland Development Advisors to support construction of unique job creation hub
The Midtown Collaboration Center (MCC) – An additional Cleveland Foundation project positioned to bridge downtown Cleveland with University Circle – recently closed on construction financing. Cleveland Development Advisors (CDA) provided a $10 million New Markets Tax...
Midtown Collaboration Center
May Dugan Center
The May Dugan Center (MDC) was founded in 1969 and opened the current facility in 1975. MDC provides comprehensive health and human service programs to a diverse community that comes from 64 different zip codes throughout greater Cleveland, but primarily from the near...
Cleveland-based groups win $80 million in federal New Markets Tax Credits to aid projects
Two Cleveland-based community development organizations collectively nabbed $80 million in federal tax credits last week to support investments in low-income neighborhoods. CDA was awarded $35 million in NMTC..
Treasury Announces $5 Billion in New Markets Tax Credit Awards to Revitalize Low-Income and Distressed Communities
Treasurer of the United States Chief Lynn Malerba, joined by CDFI Fund Director Jodie Harris, and others today announced more than $5 billion in (NMTC) awards nationwide.
Personal View: Make the New Markets Tax Credit program permanent
Over the past two decades, Greater Cleveland has benefited from millions of dollars of allocations from a well-regarded 20-year-old federal program — the New Markets Tax Credit (NMTC) program.