CLEVELAND, August 14, 2024 — Cleveland Development Advisors (CDA) has provided an $8 million federal New Market Tax Credit (NMTC) allocation paired with $2.5 million Ohio NMTC allocation to Urban Community School (UCS) for the construction of a $10 million athletic...
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.
CDA has closed on a $300,000 loan for predevelopment costs associated with the African Town Plaza project in the Fairfax neighborhood.
CLEVELAND HEIGHTS, April 16, 2024 — Cleveland Development Advisors (CDA) has closed on a $2 million loan to help finance predevelopment costs for the redevelopment of the 28-acre Park Synagogue campus in Cleveland Heights. The plan will focus on education, the arts...
(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.
CDA announced the closing of $4.5 million in loans to help finance construction of a modern, market rate rental development in the central part of Cleveland’s Fairfax neighborhood.
Shaker Square ready to pivot from repair to planning new future for a Cleveland landmark
Dahlia Coffee Co. owner Natalia Alcazar opened a Mexican coffee shop at the Pivot Center a few months after starting a coffee roasting business.
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.