CDA’s transformational contributions to Cleveland’s renaissance have been guided by civic-minded, forward thinking private investors who are committed to moving our city and region forward. Since its inception, CDA has capitalized six funds for a total of $210 million. Our efforts to revitalize the Greater Cleveland community are made possible by an impressive collection of corporate and civic partners.
Our most recent capitalization, the Advance Cleveland Development Fund, represents a $32 million commitment from Northeast Ohio companies. ACDF dollars will be targeted to projects that will expand Cleveland’s role as an epicenter of community, culture and commerce!
CentroVilla25 secures $11.5 million from Cleveland Development Advisors to help transform Clark-Fulton neighborhood into a vibrant Latino cultural hub.
Cleveland Development Advisors announced it has closed on $11.5 million in state and federal new markets tax credits (NMTC) along with a $612,000 capital campaign bridge loan for the CentroVilla25 on November 21, 2023. This project serves as a pivotal anchor in the...
Cleveland Development Advisors loaning $5.5 million for redeveloping Hawthorne School into apartments
CLEVELAND, November 9, 2023 — Cleveland Development Advisors (CDA) is loaning $5.5 million for a project that will completely make over a West Park neighborhood school into reasonably priced market rate apartments. The $14.9 million historic renovation of the former...
Built in 1972 as one of the first projects built after Cleveland’s Hough Riots, Martin Luther King Jr. Plaza was meant to serve as a beacon of progress for Black entrepreneurship and the rebuilding of the Hough community. Over time, however, widespread disinvestment in the neighborhood eroded retail, leaving the shopping center largely vacant.
- Advance Cleveland Development Fund
- Civic Vision Housing Fund
- Cleveland Development Advisors Community Reinvestment Fund
- Cleveland Development Partnership II
- Cleveland New Markets Investment Fund
- Cleveland New Markets Investment Fund II