New Markets Tax Credit Coalition

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  • Salem,
  • OH
  • (2022)

Grace Woods Senior Living

District: Michael Rulli (R-OH06)

NMTC financing supported a 31 unit assisted living and skilled nursing facility in rural Eastern Ohio.

Investment

  • NMTC Amount: $1,000,000
  • Total Project Cost: $1,000,000

IMPACT

  • 7 FTE jobs
  • 8 construction jobs
  • The project also retains a total of 20 existing jobs.

CDEs

Investor

Project Description

NMTC financing supported a 31 unit assisted living and skilled nursing facility in rural Eastern Ohio. Financing to be used to pay off higher rate debt and make capital improvements to the facility.

MAP

Address: 1166 Benton Road, Salem, OH 44460

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