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

Greater Cleveland Habitat for Humanity – Buckeye-Woodhill Project

Cleveland,
OH
(2021)

Habitat for Humanity, Housing

CDE(s): Habitat for Humanity

The NMTC helps finance Greater Cleveland Habitat for Humanity’s transformative scattered site homeownership development and spur local investment in Cleveland’s severely distressed Buckeye-Woodhill neighborhood

Menlo Park Academy

Cleveland,
OH
(2016)

Municipal Facilities, Schools

CDE(s): Cleveland Development Advisors

Rehabilitation of the vacant Joseph And Feiss Company factory location into a home for Ohio’s only k-8 tuition free community school focused on gifted learners.

Providence House

Cleveland,
OH
(2022)

Shelters and Community Food, Youth and Families

CDE(s): Cleveland Development Advisors

Providence House provides emergency shelter and crisis care to children newborn to 12 years old. At Providence House, children find safety and comfort in a home-like setting before abuse or

Shawnee Counseling Center

Portsmouth,
OH
(2019)

Addiction Treatment, Behavioral Health, Community, Healthcare, Rural

CDE(s): WesBanco

The NMTC supported start up costs and business expenses for a 24 hour clinically monitored Residential Rehabilitation program for adult men dealing with substance abuse disorders.