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...
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...
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..
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.
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.
Cleveland Development Advisors (CDA), an affiliate of the Greater Cleveland Partnership (GCP), has provided a $5 million allocation of New Markets Tax Credits (NMTCs) to support the Manufacturing Advocacy & Growth Network, Inc. (MAGNET) as it develops its new...
The Greater Cleveland Food Bank will construct a new 197,000 SF warehouse and distribution center to provide greater capacity to store and distribute non-perishable food to partner agencies. Additional capacity at the new facility will include an expanded...
Providence House (PH) protects at-risk children and supports families through crisis, strengthening communities to end child abuse and neglect. PH is adding a second crisis nursery on Cleveland's east side. The project includes the adaptive reuse of the...
The Bowery project will revive the heart of downtown Akron through the redevelopment of six vacant buildings along 156-180 South Main Street, including the iconic Landmark Building as a bookend to the Northeast at Main and Bowery totaling 104,000 square feet. Project...
Glenville Circle North is the first project to advance as part of the City of Cleveland Neighborhood Transformation Initiative. Launched in 2017, this initiative is focused on housing, economic development and broader quality of life issues...