Arbor Park Place

Cleveland,
OH
(2008)

Arbor Park Place

Infrastructure, Mixed-use, Transportation and Ports

The $6.2 million revitalization of the Longwood Plaza shopping center in Cleveland, Ohio, of which $1.57 million was made possible by the NMTC program.

Investment

NMTC Amount: $5,298,300
Total Project Cost: $6,321,658

IMPACT

23 FTE jobs
18 construction jobs

CDEs

Key Bank

Investor

Key Bank

Project Description

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.

MAP

Address: 4600 Euclid Avenue, Cleveland, OH 44103

Census Tract: 39035109701

PDF Profile

Other Ohio Projects

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

Urban Community School Education and Wellness Campus

Cleveland,
OH
(2019)

Behavioral Health, Community, Daycare and Early Childhood, Dental Services, FQHCs, Healthcare, Mixed-use, Nonprofit Hub, Shelters and Community Food, Youth and Families

CDE(s): Grow America, Low Income Investment Fund, PNC

Development of a project, including a 17,400 square foot early childhood and parent development center, a 32,650 square foot federally qualified health center with a 115 square foot food bank

Noble Learning Center

Caldwell,
OH
(2005)

Community, Daycare and Early Childhood, Rural, Youth and Families

CDE(s): Finance Fund

A promotional postcard from the Finance Fund led to a permanent, high quality facility for the Noble Learning Center located in Caldwell, OH.

Solarvision

Celina,
OH
(2012)

Energy, Rural, Solar

CDE(s): Finance Fund

Five solar projects around the state will lower the energy costs of the schools and municipalities involved and create solid investment opportunities for supporters.