New Markets Tax Credit Coalition

  • Cleveland,
  • OH
  • (2007)

Avenue District Project

District: Shontel Brown (D-OH11)

Investment

  • NMTC Amount: $2,000,000
  • Total Project Cost: $28,732,426

IMPACT

  • 15 FTE jobs
  • 141 construction jobs

CDEs

Investor

Project Description

The Avenue District project entailed development of underutilized surface parking lots in downtown Cleveland into an eight-story, new construction, for‑sale housing project with street-level retail as well as for-sale townhome units. CNMIF provided a $2 million loan to this pioneering project’s first phase.

MAP

Address: 1258 Saint Clair Avenue Northeast, Cleveland, OH 44114

Census Tract: 39035107802

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