CDE: Development Fund of the Western Reserve

To all NMTC Coalition Members: If you would like to add projects, a description of your CDE, or anything else to this page, contact Paul Anderson.

Recent Allocation Awards:

Project Profiles and Stories

Akron Food Bank

Akron,
OH
(2020)

Community, Grocery and Fresh Food, Retail, Retail and Commercial, Shelters and Community Food

CDE(s): Capital One, Development Fund of the Western Reserve

Construction of a 40,000 sq. ft. “food campus” consisting of a small-scale food market or free food distribution point, plus a community kitchen, meeting rooms for local nonprofits and an

Greater Cleveland Food Bank

Cleveland ,
OH
(2022)

Shelters and Community Food

CDE(s): Cleveland Development Advisors, Development Fund of the Western Reserve, The Community Builders, Truist

The construction of a warehouse and distribution facility totaling to house the fresh, dry and frozen food for a foodbank in the Collinwood neighborhood.

Hamlin Newco

Akron,
OH
(2022)

Manufacturing

CDE(s): Development Fund of the Western Reserve

NMTC financing supported Hamlin Newco, LLC, a value-added metal stamper, providing industrial metal parts, assemblies, and welded assemblies. Hamlin’s new 110,000 sq. ft. facility manufactures small to medium-sized stamped metal

Signature Health II

Ashtabula,
OH
(2024)

Healthcare

CDE(s): Chase, Development Fund of the Western Reserve

The $10.MM project funds the acquisition and renovation of a 56,186-sf building in Ashtabula, OH, for Signature Health to provide mental health, addiction, primary care, and pharmacy services. Previously serving

Steel Warehouse Warren

Warren,
OH
(2023)

Manufacturing

CDE(s): Arctaris Impact CDE, Development Fund of the Western Reserve, Finance Fund

Steel Warehouse of Ohio LLC is an American-owned and operated manufacturer and supplier of high-quality steel products and components used in multiple industries throughout the United States. Finance Fund provided

The United Building

Akron,
OH
(2018)

Mixed-use, Retail

CDE(s): Development Fund of the Western Reserve

Offices, hotel, restaurants: Located on the corner of South Main and East Market Streets, developer Tony Troppe redeveloped the 58,000 square foot historic structure into a modern day office building.

Lorain County Health & Dentristy Clinic

South Webster,
OH
(2013)

Behavioral Health, Community, FQHCs

CDE(s): Development Fund of the Western Reserve, North Coast Community Development Corporation, PNC, WesBanco

Acquire, rehabilitate, develop, own, operate lease and sublease a healthcare center. Lorain County Health & Dentistry Clinic (LCH&D) is the largest safety-net provider of primary health care in Lorain County.

Lincoln Electric Welding Technology and Training Center

Euclid,
OH
(2016)

College or Vocational Training

CDE(s): Chase, Cleveland Development Advisors, Development Fund of the Western Reserve

Construction of a new state-of-the-art facility that will focus on training welding educators and industry leaders.

Lock Joint Tubing

Orwell,
OH
(2021)

Manufacturing

CDE(s): Development Fund of the Western Reserve

Lock Joint Tube manufactures mechanical and structural grade steel tubing in five plants located in Indiana, Ohio, Texas, and Tennessee.

Gateway Center

Oberlin,
OH
(2014)

Community, Culinary Entrepreneurship, Mixed-use, Mixed-use and Commercial

CDE(s): Chase, Development Fund of the Western Reserve, Dudley Ventures

The Gateway Project is a LEED‐Platinum, mixed‐use development in Oberlin, Ohio’s new Green Arts District.

Mercy Health’s St. Elizabeth Hospital Behavioral Health Institute

Youngstown,
OH
(2015)

Behavioral Health, Community, Healthcare, Historic Rehabilitation, Hospitals and Emergency Services

CDE(s): Development Fund of the Western Reserve, Finance Fund

Mercy Health’s St. Elizabeth Hospital in Youngstown, Ohio is renovated a 32,000 SF section of its current facility and creating a Behavioral Health Institute.

Signature Health, Painesville Health Campus

Painesville,
OH
(2020)

Behavioral Health, Community, FQHCs, Healthcare

CDE(s): Development Fund of the Western Reserve

Signature Health is a nonprofit, Federally Qualified Health Center serving multiple counties in Northeast Ohio for over 25 years.

Youngstown YMCA

Youngstown,
OH
(2016)

Community, Daycare and Early Childhood, Recreation, YMCAs and YWCAs, Youth and Families

CDE(s): Development Fund of the Western Reserve

The Youngstown YMCA renovated nearly 20,000 square feet of its 100 year old downtown Central YMCA creating modified spaces for continuing its transformational work in providing healthy living, youth development,

Steel Warehouse of OH – Warren

Warren,
OH
(2019)

Brownfield Remediation, Business Development, Machine Shops and Metal Fabrication, Manufacturing

CDE(s): Capital One, Development Fund of the Western Reserve, Finance Fund

Investment in steel fabricator positions small rural community as a leader in the heavy equipment supply-chain.

University Hospitals Rainbow Center for Women & Children and Dave’s MidTown Market & Eatery

Cleveland,
OH
(2017)

Behavioral Health, Community, Grocery and Fresh Food, Retail, Retail and Commercial

CDE(s): Capital One, Cleveland Development Advisors, Development Fund of the Western Reserve

In Cleveland’s MidTown neighborhood, the emerging HealthTech corridor provides a holistic campus-style social service hub for area residents conveniently located along a world-class BusRapid Transit line and a major thoroughfare.

Greatwave Communications

Cleveland,
OH
(2016)

Broadband, Community, Rural

CDE(s): Development Fund of the Western Reserve, Finance Fund

Broadband expansion for customers near Conneaut, Ohio.

Restaurant Depot

Akron,
OH
(2015)

Brownfield Remediation, Business Development, Food Manufacturing, Manufacturing, Restaurants and Catering, Retail and Commercial, Warehouse and Wholesale

CDE(s): Capital One, Development Fund of the Western Reserve

Restaurant Depot is a food wholesaler that moved to a new facility thanks to the NMTC.

Ronald McDonald House of Akron

Akron,
OH
(2016)

Children's Hospital, Community, Healthcare, Ronald McDonald House

CDE(s): Chase, Development Fund of the Western Reserve

The Ronald McDonald House of Akron serves the Akron Children's Hospital. It expanded its accomadations from 20 rooms to 60.