One of the exceptional aspects of the New Market Tax Credit (NMTC) is how it brings together public and private entities to funnel capital to low-income urban and rural areas where, in the past, the risk for investors would have been too great. A case in point is the $6.2 million revitalization of the Longwood Plaza (now renamed Arbor Park Place) shopping center in Cleveland, Ohio, of which $1.57 million was made possible by the NMTC program.
Address: 4600 Euclid Avenue, Cleveland, OH 44103
Census Tract: 39035109701
University Settlement is a social service nonprofit provider in the Slavic Village neighborhood in Cleveland, Ohio, where a majority of the residents are working poor and elderly, with over 30%
The purchase and renovation of the building located at 1100 Green Street, Marietta, OH. This building will be renovated speculatively with the anticipation of light manufacturing and industrial tenants. The
In 2007 First Interstate properties transformed an abandoned steel mill into a regional shopping center with the creation of Steelyard Commons. Phase II(a) will build on the success of the
