New Markets Tax Credit Coalition

Community Treatment and Correctional Center

Rehabilitation and expansion of halfway house, expanxing from 56 beds to 75 beds as well as achieve its long-time vision to bring housing and administrative functions under one roof.

Investment

  • NMTC Amount: $1,000,000
  • Total Project Cost: $1,060,000

IMPACT

  • 3 FTE jobs
  • 20 construction jobs
  • The agency expanded from 56 beds to 75 beds.

CDEs

Investor

Project Description

Rehabilitation and expansion of halfway house: With the help of a $1.65 million infusion of New Markets Tax Credits supported financing from IFF, the agency expanded from 56 beds to 75 beds as well as achieve its long-time vision to bring housing and administrative functions under one roof. What’s more, the new facility has additional space for expanded services already under Board consideration.

MAP

Address: 1432 Tuscarawas Street East, 1413 & 1435 Second Street, Canton, OH 44707

Census Tract: 39151702100

Other Ohio Projects

AA $7.55 million investment in Mirac, Inc., a rural Ohio-based electronics assembly and fabrication company with locations in Lynchburg and West Union, that helps keep jobs in rural Ohio.
NMTC financing to rehabilitate the 30,000 sq. ft. Van Roy Coffee Company building into office space.
The revitalization of Akronʻs downtown corridor created a vibrant mix of urban living, healthy foods, new commercial opportunities, and the expansion of the Akron Civic Theater.
Redevelopment of five historic buildings located on the near east side of Columbus, Ohio, into an approximately 61,445 square foot, mixed-use, multi-tenant development to be known as "Trolley District" that